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Does the Joint Property Duct Tape Solution Work?

Does the Joint Property Duct Tape Solution Work by The Law Offices of Jeffrey G. Marsocci

Joint Property Can probate be avoided with the use of assets and account titled as joint tenancy with a right of survivorship? Yes, but when it comes to estate planning, it’s not planning ahead the right way like with a revocable living trust. Titling assets as joint with a right of survivorship is what I call […]

Howard Hughes Estate Settled… After 34 Years

Howard Hughes Estate Probate Debacle

The Howard Hughes Estate The impossible has happened. No, the federal government hasn’t done away with all death taxes. No, ice cream is not free. No, it’s more astounding than that. Howard Hughes, who died in 1976, will finally have his estate settled and closed. And it only took 34 years! Howard Hughes, the eccentric […]

How Much Does Probate Cost?

How Much Are Probate Costs

Probate Probate costs a lot. When given the statistics, my clients are usually appalled that their estates going through the probate court system would cost so much. On average, the probate court system will eat up about 4-10% of an estate. Many states allow a standard 5% fee for an executor or administrator, but in […]

Should I do a Will or Trust

Should I do a will or trust

This question of a will or trust comes up all of the time when it comes to estate planning. Unfortunately, many attorneys and other professionals try to cram and squish this very subjective square peg into an objective round hole with a sledgehammer. The fact is that there is no simple “one-size-fits-all” number answer to […]

The Probate Red Tape Estate

Jeff Marsocci standing in front of a web of red tape - Probate Red Tape Estate

The Probate Red Tape Process Explained Ever since my grandfather passed on and my grandmother had to deal with a year and a half of uncertainty, convoluted procedures, and legal bills, I made it my mission to find ways for my clients to avoid the probate red tape. But not only did I want to […]

Schedule A is Missing

Schedule A is Missing

You know a plan is broken into a thousand-piece puzzle when the pages of the trust were taken out of the binder, put back out of order, and some pages are missing. But what happens when the “all-important” (sarcasm inserted here) Schedule A is one of those missing pages? It turns out in California that […]

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