What is the name of your state (only U.S. law)? California
my parents is setting up a living trust to protect their home from estate recovery. I was told a living trust will avoid probate, would it also protect them from estate recovery? Also if there are outstanding liens such as mortgages and promissory notes, would they be paid first before estate recovery? Thanks for your help in advance.
my parents is setting up a living trust to protect their home from estate recovery. I was told a living trust will avoid probate, would it also protect them from estate recovery? Also if there are outstanding liens such as mortgages and promissory notes, would they be paid first before estate recovery? Thanks for your help in advance.