Are you faced with the administration of a trust that includes real estate? In this video, attorney Ellen Cookman will lead you through the details you’ll need to know.
Watch to learn more about:
Initial actions - handle these first
Capital gains and property tax issues to be aware of
Removing the deceased person’s name from the title
Distribution of the property in different situations
Ellen will also answer commonly asked questions.
The team at Cookman Law regularly handles trust administration - and if you would like to talk with them about handling yours, click here to schedule your consult: cookmanlaw.com/talk-to-intake-team/
Timestamps:
00:00 - Intro
00:50 - First steps: securing the property
01:27 - Capital gains taxes
02:07 - California property taxes
03:31 - Prop 19 requirements and paperwork
05:34 - Removing the deceased from the deed
06:54 - Distributing the property
07:59 - Filing the distribution deed
08:32 - Frequently asked questions (and answers)
11:47 - How Cookman Law can help with your trust administration
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Please call or text with any Estate Planning questions: (650) 690-2571
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