My question involves estate planning in the state of: California
My dad has bought a property just few weeks back. Now we are confused what exactly is a economical, fast & easy option to take care of property inheritance, in case he passes away
Due to some legal complexities, for now the title has to be in his name only, though after like 7-8 months, it can be shared with his wife or children. So in a way we want to do a short term & long term planning ( which i think would be like estate planning), both
For now the only requirement is to take care of this property inheritance only, in case he passes away. And we want it to be shared between his wife & children.
Which option would be better like will, deed, trust etc ?. Do we really need to involve a attorney in this case or there is something simpler that we can implement ?
Thanks a lot