We received a call from a man who wanted us to assist him with a deed issue. He owns a piece of real property. At his passing, he wanted his 3 grandchildren to receive the property. However, instead of doing a Trust, placing that property into the Trust and stating how he wanted it distributed, he made the decision to put all three of the grandchildren on title with him, as Joint Tenants. All three children are minors.
Now he wants to sell the property and is having a problem doing so. In making the decision not to have a Trust, he created a very serious problem for himself. In order to sell his property, each minor grandchild will require a guardianship, which will take time to implement and which is very costly. Had this man planned his estate properly and had a Trust drafted, the property would still be his, without these issues and he would have been able to do whatever he wished with the property.
Now is a good time to think about a Trust. No one really likes to think about dying. But it happens. We at Court Forms Plus in Tracy, California, can help you with drafting a Trust. Call us if you would like details.
We are not attorneys. We cannot give you advice. If you need advice, you will need to consult with an attorney