Michael was having a wonderful time in Florida while he waited for his California house to close. Unfortunately he took a bad fall and ended up in a Florida hospital. He had his California powers of attorney, but the problem was that they were…
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Even if you have a will, a house in California usually must go through probate. A trust avoids probate. California probate fees are set by statute and are set according to the value of the house regardless of the amount still owed on the house.
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You have just signed the paperwork on what is probably your most valuable asset. Now is the time to protect that asset for your family. In California, probate fees are based on the value of the house – whether or not you owe money on a mortgage!
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