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Our Palm Springs estate planning attorneys can analyze your estate to see if we recommend setting up both types of documents. Having a solid estate plan will help protect them when you are no longer able to do so yourself. If you are in the vicinity of Palm Springs, you are fortunate to have an excellent Wills and Trusts attorney close by. If you become incapacitated or unable to make decisions, a durable power of attorney assigns and authorizes a person to make decisions on your behalf and represent you in a broad range of areas. I tried to discuss with Julia upon my Mom's passing and even at such a difficult time Julia laughed at me while over the phone. Spousal Property Petitions. For most clients, an estate plan includes a living trust, pour over wills, durable powers of attorney and advance health care directives. Assets such as real estate, bank accounts and other items of monetary value are transferred into the trust. Palm Springs, CA Estate Planning Attorney. All trusts divide the ownership of the trust property into the legal element and the equity element.
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Use FindLaw to hire a local trusts lawyer to prepare a trust tailored to your circumstances like living trusts -- also known as revocable trusts or family trusts -- charitable trusts, and special needs trusts. Qualified Domestic Trusts (QDOTs). You can create a living trust in California with the following steps: - Choose which assets to include in the trust. Proper estate planning can also reduce tax consequences. When a proper trust has been established, this can ensure your directions regarding assets are followed. Assets in a trust may be passed to a beneficiary outside of the formal probate process, saving time, eliminating court fees and reducing estate taxes. Hiring this firm to represent us with my father's needs was one of the best decisions we have ever made. Very professional staff..
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Our attorneys are well-versed in complex California trust laws and can provide you with the best advice possible. Trust: - A Financial structure that contains money and assets. I was treated with respect. A will is a legal document that outlines your wishes on how to have your property distributed after your death. They offer a personal touch and caring attitude in responding to your Living Trust or Wills, as it is sensitive information and sometimes difficult to explain your heartfelt wishes. Ms. Barton has the experience and insight needed to help clients make sensible choices and reach their goals. People also searched for these in Palm Springs: What are some popular services for wills, trusts, & probates? Having no estate plan of any kind can automatically make your spouse or closest heir the beneficiary of your properties. Many people avoid calling a lawyer because they are worried it will be too expensive. In addition to providing a legally binding agreement that preserves your assets upon your passing, this type of trust has the following advantages: Protection from lawsuits: Some individuals are more likely to be sued than others. Contact Bochnewich Law Offices.
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Probate is the legal process that an estate must go through before assets can transfer from the deceased person to their heirs. Our firm provides clients with the care, accuracy, and dedication expected of experienced attorneys. What is your main practice area? We have over 40 years experience drafting and administering trusts. AsanexperiencedEstatePlanningAttorney, JulieneLeeAshhandlesawiderangeofestate planningmattersforclientswhoareplanningforthe eoftenhelpsclientsgettheirlivesback ontherighttrackafterdivorce, separation, orother esetypesoflife-altering eventsoftennecessitateadjustmentstoyourestate planwhichreflectyourcurrentintentionsand desires. Less estate tax: Generally, individuals who have a lot of assets benefit the most from choosing an irrevocable trust. If you want to learn more about these types and which type you may need, contact us for a complimentary consultation. Price and Courtney kept costs at a very reasonable minimum and I was very pleasantly surprised at my low cost In the end.
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In order to practice law in California, attorneys have to both pass the California bar exam and be admitted by the State Bar of California. Our law office recognizes the uniqueness and diversity of the Palm Desert community and takes pride in tailoring an estate plan for each individual situation. Let us do the same for you. Whether the signature was forged or if other issues of fraud are suspected. What can and cannot be done by a Living Trust? A power of attorney is a legal document where you indicate who should be your agent to handle your financial affairs if you are alive and not well. An estate plan allows you to decide how your assets will be handled if you become incapacitated and how they will be distributed when you pass away.
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Trusts do not have to go through the probate process, except for testamentary trusts, which the probate court will consider part of the will. There are several benefits of choosing a split-interest trust: - Eliminate or decrease capital gains taxes. The choices that confronted these famous Californians, Bing Crosby and John Wayne, are the same choices that confront us and our clients. Do I Need an Estate Planning Attorney? Without a will or trust in place, the assets that you own will pass by intestate succession. She can help you find the answers to questions about asset transfer and similar matters.
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Call our Experienced Estate Planning Lawyer Today EstatePlanningAttorneyJulieneLeeAshis dedicatedtohelpingclientsfindcreative, cost-effectivelegalsolutionsinestateplanningand (760)341-7761andarrangeacomprehensiveconsultationto address your legal needs.
A trust involves three people: the creator, the trustee/s, and beneficiaries. Can the lawyer estimate the cost of your case? A trust is a legal agreement that details the terms between the asset owner (grantor), the trusted person who will hold the assets for the owner (trustee), and how the loved ones (beneficiaries) will obtain access and use of the assets held by the trustee, even though they do not own the asset themselves.
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