What are Some Estate Planning Traps?

Review the probate fee chart and decide for yourself whether you want your heirs to pay the probate fees or whether you would rather pay for a revocable living trust while you are still living.

Remember that in California you can transfer up to $100,000.00 of financial assets to another without probate and that spouses can transfer all of their community property to the surviving spouse without probate (although that might be ill-advised if you are going to waste your exemption).