Jointly Owned Residence Trust Creation

Estate Planning / Trust Services Request Two divorced but amicable individuals are seeking assistance with establishing a trust for a jointly owned residence. Property Information Single-family home located in ZIP code 91331 (California) Home purchased in the 1980s Property is owned jointly, with each owner retaining a 50% interest Home is fully paid off Goals Transfer the property into an appropriate trust structure Preserve each owner's 50% ownership interest during their lifetimes Avoid probate upon death Ensure ownership passes according to the following wishes: Inheritance Distribution Upon the death of either owner, that owner's 50% interest passes equally to their children If a child predeceases their parent, that child's share passes to their own children (per stirpes distribution) Any surviving child retains only their original 50% share and does not inherit the deceased sibling's portion Ultimately, ownership should remain divided according to each family line We are seeking guidance on the most appropriate trust structure (joint trust versus separate trusts or other alternatives), preparation of all necessary documents, and recording any deeds required to transfer the property into trust. Please provide your experience with California trust and estate planning, estimated fees, and timeline for completion.

Project ID: 40486266