Living trusts can help heirs avoid probate. Living trusts keep assets in private control after death. Ideally, all assets are transferred to the trust and then distributed to beneficiaries by an appointed successor trustee. Advocates say the trusts generally help to avoid probate -- the legal process of carrying out a will -- which can take months. The trusts generally speed distribution to beneficiaries. Basically, asset ownership is shifted in a trust. Real estate, accounts, investments, vehicles all would be listed as property of the trust. The trustee still controls everything as though it were in a private name, and can add or eliminate anything at any time. Click here to read more.
California real estate loan risk levels increase. Consumer Web site reports risk up 28.6% from first half of 2005. Lending institutions in California have increased their scrutiny of home loan applications because of higher default risk, the result of a shift in sales patterns and of a real estate market nearing the end of its boom cycle, a consumer Web site reported. Risk levels for new mortgages statewide increased 28.6 percent from the first half of 2005 to the second half of the year. Mortgage risk has increased most sharply in the Salinas and Santa Cruz- Watsonville areas, while trending down in rural areas north of Sacramento like Chico and Yuba City, according to San Juan Capistrano- based HomeSmartReports.com. Click here to read more.
~Tina Jan~
Coldwell Banker Kivett-Teeters
1655 E. Sixth St.
Beaumont, CA 92223
Work: 951-845-5520 Ext. 105
Fax: 951-845-4916
Cell: 909-446-2666
Toll-Free: 1-877-TINAJAN
tina.jan@coldwellbanker.com
www.tinajan.com
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