"Probate" refers to the court supervised process of administering a decedents estate. Probate involves proving the will, collecting the decedent's assets, paying debts and taxes, and distributing property to beneficiaries or to trusts for beneficiaries' benefit.
A probate attorney can guide you through this process.
Whether you’re seeking assistance following the loss of a loved one or establishing your own estate plan, you can rest assured the Law Office of Will M. Smith is on your side.
A trust is an arrangement which takes effect during the lifetime of the creator of a trust. A trust avoids probate on any assets that are titled in the name of the trust. The terms of the trust must be revealed to the beneficiaries and heirs when the terms become irrevocable. The terms usually become irrevocable when the creator of the trust dies. A trust may also be set up by a will, which leaves property in trust for a beneficiary. These trusts are called testamentary trusts and are usually irrevocable.
Attorney Will M. Smith is a trust and estate practitioner in Escondido, CA.