In order to understand the fundamentals of a trust in California, you may want to consider the following illustration. Suppose you own a valuable diamond ring. You do not owe payments on the ring and there are no liens against it. It is not collateral for any loan. You own the ring outright, as is said. Under the law, you have a simple, undivided property interest in the ring. Since this ring is your property, you have title to it: you can wear it, store it, sell it or otherwise use it or dispose of it in any manner.
If you are one of the California residents who has made the choice to put an estate plan in place, you should be proud of yourself. This is a very important and responsible step and is one that can give you and your family members a lot of confidence by knowing that your estate will be properly handled after you die. A big part of making sure this happens is about being very clear and detailed in your will. Another component involves your wise selection of the executor of your will.