Lafranchi Law Office

Many people in the San Francisco Bay Area also need a trust to avoid the very expensive, time-consuming, and public process of probate because they have assets worth more than $184,500. A trust is a mechanism, without court involvement, to take control of your assets and to follow your wishes when you die or become incompetent. Trust administration is the private process of distributing your assets if you pass away or become incompetent and you have a trust. The attorney and trustee only get paid for their time in a trust administration. Probate, on the other hand, is the court-supervised administration of your assets if you pass away or become incompetent and do not have a trust. Probate fees for the attorney and the executor are calculated based on a percentage of the gross value of...

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