Temecula, California Estate Planning and Trust Services
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There are many factors to consider when deciding on the best estate plan for your needs. Will or trust? How long will it take? Who is the best attorney in Temecula California? We'll help you answer these questions and more. Our team of experts can create a customized estate plan that suits your specific needs, with minimal hassle and cost!
What determines whether my estate will use a will or a trust?
There are many factors to consider such as estate size, family dynamics and state law. If your estate is used for a special needs trust however, you will likely want a trustee instead of using a will or revocable living trusts.
What determines how long it takes?
There are several things to consider, such as the complexity of your needs, how much time you have to invest, and whether or not other family members are involved.
Who is the best attorney in Temecula California?
Our estate planning team specializes in all types of trusts and estates law including wills , special needs trusts , powers of attorney , living wills revocable trust vs irrevocable trust . We offer free consultations which can help answer these questions so that you can make an informed decision on what type of plan will suit your unique situation.
The best way to avoid probate and attorney fees is to create an estate plan.
There are many factors to consider such as family dynamics and state law when choosing the best option for your needs. The complexity of your unique situation will determine how long it takes, while free consultations can answer any questions you may have on what type of estate planning options fit your specific requirements.
The main goal for our team of experts at Estate Planning in Temecula California is help clients protect their assets and avoid probate and attorney fees with a customized estate plan that fits their specific needs. Our thorough consultation process ensures all necessary components are accounted for so that we're able to minimize problems down the line which could lead to costly mistakes or even unsatisfactory results!
Problems that can arise from not having a will or trust in place before death.
What happens if I don’t have an estate plan.
Problems that can arise from not having a will or trust in place before death. Without an estate plan the court decides who inherits your property and money, this process is known as “probate”. The probate process often involves cost and time to establish your estate, which could mean more fees for you family members such as attorney fees and executor commissions .
Who gets what?
Even after all debts are paid there may be leftover assets that cannot go directly to the beneficiaries due to legal or tax reasons-this is called "ineffective distribution".
What happens when one child lives out of state?
A revocable living trust sometimes referred to as an inter vivos trust allows you maneuver through your real estate transactions and personal property without going through the court process. This allows you to avoid probate, reduce attorney fees for wills , living trusts & powers of attorney .
A trust is a legal arrangement in which one party holds legal title to certain assets while another party controls them legally or beneficially usually until the termination date.
What are some advantages of using a revocable living trust?
A revocable living trust can help protect your family by avoiding probate costs when you die. The courts do not administer an irrevocable living trust upon death-your designated beneficiaries. You control all decisions regarding distribution of funds after your passing on whether that’s within 90 days of death or longer if necessary under California state law. This trust can protect your assets from creditors, lawsuits and even divorce proceedings because you maintain control of the funds while still alive.
The primary goal for our Estate Planning team in Temecula California is to help clients avoid probate with a customized plan that fits their unique needs.
Our consultation process ensures all necessary components are accounted for so that we're able to minimize problems down the line which could lead to costly mistakes or unsatisfactory results.
Call us today or schedule a free consultation online to get started!
What is the first step in creating an estate plan or living trust in Temecula California.
The first step in creating an estate plan or living trust is to schedule a free consultation with one of our team members at Estate Planning Temecula California. During this meeting, we go over your unique situation and help you make the best decision for your specific needs .
What happens after I create my will or trust?
After you meet with us we prepare all necessary paperwork to ensure that everyone knows what their role is and how they should proceed if something were to happen unexpectedly. We take care of everything so that you don’t have anything else on your plate.
What are some other reasons people use trusts instead of wills?
A power of attorney (POA) allows someone else-a trustee -to manage finances such as paying bills and making deposits, as well as to make personal decisions such as where a person lives and medical treatment. A POA is the cornerstone of an estate plan because it allows you to designate who will manage your affairs if you become unable or unwilling to do so. You can also name Trustee(s) in case something happens unexpectedly .
What are the benefits of using a living trust?
A revocable living trust is one of the most important estate planning documents you can create because it helps protect your assets while still alive . It also allows for many customizations depending on what you’re looking to accomplish. Our team at Estate Planning Temecula California will help guide you through this process each step of the way! What happens if I die without an estate plan or with only a will in place? If there's no estate plan, beneficiaries may not get their money until long after death-a huge problem since some life expenses must be paid immediately upon death such as funeral bills or medical debts ! The courts become involved which adds additional time and expenses to the process which means that your loved ones could lose out on important money or assets.
How long does it take to create a will, trust or other estate planning documents in Temecula California?
The entire Estate Planning process can be completed within two weeks of signing the necessary paperwork with our team at Estate Planning Temecula California! The average person spends about four hours throughout this entire journey-but we’re happy to spend as much time as needed for each individual client . We are here because you need us after all! Who is an ideal candidate for revocable living trusts ? Anyone who doesn't want their family bogged down by unnecessary fees during court proceedings when pass away would benefit from creating a revocable living trust. This includes people who have children under age 18 or adults with disabilities
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