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The title document must clearly indicate that ownership is held as joint tenants with rights of survivorship,as tenants by the entireties,or as community property The Law Firm of Steven F.Bliss Esq.3914 Murphy Canyon Rd a202,San Diego,CA 92123 Estate Planning Attorney During the probate process,the court appoints an executor (the person named in the will) or,when there isn’t a will,an administrator.
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This means that they can legally use the funds in whatever ways they wish appropriate.
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As part of quality estate planning an irrevocable trust is one that,by definition and design,cannot be amended,modified,altered or revoked.
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I passed the CPA examination in Massachusetts in 1985 but am not licensed as a CPA in California.
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