re: Revocable Living Trust

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In LA, but I agree with you. A lot of misunderstanding about estate planning in general, which leads to a lot of frustration after death.

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Good discussion in this thread.

From the CPA side, we get a lot of questions about RLT. From a tax point of view, it is a nothing burger... everything flows through to the grantors, and gets a step up at death. And in LA, comm prop gets a 100% step up.

The orobate process in LA seems to be "cheap" and "not long" but compared to other states, it is a breeze! I do a lot of work in California and anyone out there with any sort of assets seems to have a living trust.

Everytime an LA client asks me, I refer them to their attorney, but I wonder if some of this isn't a thinking that "successful people use these, and I want to be successful" without any understanding as to what it actually means.

To the OP, you aren't entitled to any inheritance from the jump anyways, unless it gets co-mingled. Paying attention to things will prevent that, but as we all know, few people pay attention to details...