Owning an estate is a success for you and your family. Although, having an estate plan is crucial in case you have a premature death. This type of plan allows your family to take over the estate after you die. This type of planning might seem scary or something people want to avoid because of the death. Rest assured, this is one of the best plans you could ever make for your life and your family. Estate planning in California can also include decisions about young children and their property rights, your taxes, avoiding probate, your health care, and your burial plans.
Creating a living trust while you’re alive avoids probate court at death, including multiple probates if you own property outside of California. It also helps prevent court control of assets at incapacity, brings all of your assets together under one plan, and provides maximum privacy. Moreover, having a Living Trust created before death means quicker distribution of assets to beneficiaries and prevents court control of minors’ inheritances. This type of trust is inexpensive and easy to maintain with the help of our trusted attorney.
Probate is the court-supervised process of authenticating a will if the deceased person made one. This also includes locating and determining the value of the person’s assets, paying their final bills and taxes, and distributing the remainder of the estate to their rightful beneficiaries.
The Probate Process
State laws are included in the estate’s probate codes, as well as laws for intestate succession when someone dies without a will or a living trust. In cases where there is no will, probate is still required to pay the decedent’s final bills and distribute their estate. This is where an experienced attorney for probate cases in California can help you and your family navigate through such a difficult time.
Power of Attorney: A power of attorney is a legal document that may give someone else the authority to take specific actions on your behalf in case you become incapacitated. Choosing a trusted individual to have power of attorney in California can help with matters such as signing your checks to pay your bills or selling a particular piece of real estate. Call us for more information regarding Power of Attorney, and we can help you through the process.
Asset Protection: It is essential to start planning early on for the best asset protection. We can help you navigate the legal system to ensure that all necessary legal details are handled competently and within the proper time frames.
Trust Administration: As mentioned before, having a living trust can avoid probate in court. Although, some people may think that this type of arrangement does not need any further paperwork. Unfortunately, there are still a few crucial steps to take in the California Trust Administration process. Call Attorney Stephen Chai for a free consultation on this legal matter.
Inheritance: Are you currently fighting for your inheritance? In the case of an inheritance dispute, viable options include mediation, arbitration, and trust litigation. For experienced legal counsel and representation, contact Attorney Stephen Chai in California today for help with inheritance issues.