A will is a legal document that lists your final wishes. It spells out what to do with property that you own after you pass away. If you have children or other dependents, a will says who cares for them if something happens to you.
Why have a Will?
Wills allow you to say what happens in the event of your passing rather than allowing the state to make those decisions. Using a will, you can control who receives land or personal property that you own after your death. You can create a management system for finances and property for your minor children. It also allows you to choose your child’s guardian and name an executor to carry out your will. Naming an executor is critical, because this person has a lot of decision-making authority during the process of carrying out the will.
What if I don’t have a Will?
If you don’t have a will, the state has laws that decide for you. Many people assume that their spouse gets everything they own, however, that isn’t necessarily the case. If you have a spouse, children, parents or any combination of relatives, it can become complicated to determine who inherits what.
If you don’t have these relatives, the state looks for more distant relatives to give your property to after you pass. If you don’t have any relatives at all and you don’t prepare a will, the state just takes your money. Working with an experienced Wills attorney to discuss your case and get a clear picture of how the laws might apply to your case can help you understand what might happen.
How can a Wills Attorney Help?
A lawyer can help you make sure that you execute a valid will that complies with your wishes. They can help you understand the effects of your choices. There are a number of different estate plans available to you. In some cases, you can meet your needs with a simple will. In other cases, you might want to explore the creation of a trust.Our estate planning attorneys can listen to your goals and help determine the best option.
If you have minor children, a will is critical especially if you have a child with special needs. If you don’t choose a guardian for your children, the state can choose one for you. This can create discord among family members and needless stress for your children. In addition, an estate planning attorney can help you make sure that your special needs child has their finances structured in a way that still allows them to continue to qualify for state aid.
Avoid Contested Probate
An attorney can help you avoid things that might lead to a will contest. Ambiguities and drafting errors can create questions and room for doubt that can lead a will contest to end up in court. In addition, a will has certain requirements to make it valid.
Our Wills attorneys can make sure that your wishes are clear and that your documents are in full compliance with state laws. Laws surrounding wills can change quickly, so the information you read on the internet may not always be accurate. Working with an attorney gives you the peace of mind to know that your affairs are taken care of in the way that you want.
Any person with a family and potential heirs should make providing for their loved ones a priority. After their passing, resolution of their estate should never be left to courts to decide. A trusts attorney can help to ensure their assets are protected while alive and make certain their wishes to distribute assets are followed after death.
While you may understand how critically important it is to have a trust in place, you may not be entirely clear on which estate planning tool or strategy is the right one for you. Our skilled and knowledgeable legal team is here to help you create the right estate plan that for you and your family.
Why You Should Create a Trust
Investing a lifetime into building assets that are passed on to your children, spouse and/or other loved ones is not something you want to see diminished to a court ruling. If like most people you want to specify how your assets are distributed, creating a trust should occur as soon as possible.
Trusts are very powerful tools that you can use in the estate planning process to protect many things. This includes your family’s privacy in avoiding probate and paying excessively high estate taxes.
With the help of our experienced trust attorney, a trust will accomplish everything you need it to for the sake of the people you love.
Here are three reasons to consider creating a trust:
Loved Ones Avoid Probate
Probate court proceedings can drag on long after a person passes. Our trust attorney can help you create a trust so your loved ones do not have to administer your estate in probate court after your passing. Instead of enduring expensive and time-consuming proceedings of probate court, the people you designate to receive your assets can freely do so.
Trusts Reduce Estate Taxes
Knowing that your wealth is transferred to loved ones and not the government gives you peace of mind when making financial decisions. Numerous estate, income and transfer taxes could diminish the amount that your loved ones receive, which puts your estate in jeopardy.
Trusts can help to shelter the assets that you have accumulated over the years. We will advise you on the best approach and offer tips on what you can do during your lifetime to save on tax payments.
Ensures Control of How Your Assets are Distributed
Trusts are legal documents that provide you a level of control over how your assets are distributed. These documents detail who gets what and describe whether certain conditions or timetables are applicable. For instance, you might want to leave $1 million to a grandchild, but only after he or she turns 18 or finishes college. Your attorney helps you devise a prudent way for this to occur by creating the trust document correctly.
Keep in mind that there is no shortcut to creating a trust.
Additionally, you want to work with a California law firm that is well-established and familiar with state and federal laws. Your time is well-spent sitting down with our trusts attorney who will carefully and properly draft a document that spells out your wishes by ensuring every decision is protected by the law.
Consider Services from an Experienced Trusts Attorney
Depending on the amount of your assets and estate, some trusts can be complex. Others can be easy and straightforward. Either way, you want a legal document that accurately represents your wishes and desires. Contact our office today for an initial consultation.
Contact Our Wills & Trusts Attorney
If you have any questions regarding a will or trust, please contact our offices. Our team believes that each client is unique. It’s our goal to get to know you and provide you with the best wills, trusts and estate planning package that accomplishes your goals in an understandable and cost-effective way. Please call us today. We’re eager to work with you.