What type of lawyer is best for wills?
I recommend an estate planning attorney or elder law attorney. These practitioners handle wills, durable powers of attorney, healthcare powers of attorney, living wills/advance directives, and trusts.
What type of lawyer is best for trusts?
A living trust is a legal document which spells out exactly what your wishes are with regards to your assets and your beneficiaries. With a living trust, you choose a representative or successor trustee who will carry out your instructions at the time of your death. A revocable living trust allows you to transfer your assets into the trust while retaining control over them as the trustee and allows you to make changes to the document while you’re still alive.
Setting up a living trust can help your beneficiaries avoid probate and can ensure that your successor trustee will be able to take charge of your finances and other affairs should you become incapacitated. While an attorney that specializes in family law has developed expertise in a number of practice areas, the type of attorney needed for establishing a living trust is an attorney that specializes in estate planning — wills, living trusts, guardianship, and tax issues.
In general, an estate planning attorney advises and helps to guide you when it comes to choosing the right options for maintaining your estate after your death or in the case where you become incapacitated. Qualified estate planning attorneys will sit down with you and discuss your goals as far as maintaining your estate and other property after your death are concerned. They will present the various options that are available and then recommend those that they feel are best to achieve your goals and desires.
The type of attorney needed for a trust is one that understands the issues that you’re facing and can fully address your questions and concerns. The Law Office of David W. Foley at California Living Trusts specializes in creating living trusts as part of your estate plan. If you’re looking for the best attorneys in California to handle your estate, California Living Trusts should be at the top of your list. The experienced attorneys at our firm are very knowledgeable in California law as it applies to probate, trust creation, power of attorney documents, and much more.
Attorney David Foley and associates are experienced attorneys for living trusts in California. Mr. Foley has been a practicing attorney since 1962 and has specialized in estate planning since 1990. At California Living Trust, our living trusts are comprehensive and of the highest quality. We offer our clients a wide range of estate planning services from living trusts to power of attorney and pour-over wills.
A living trust is one of the most important documents that you’ll create, therefore, it’s important that you work with attorneys that specialize and are experienced in estate planning. Our attorneys understand how important it is to ensure that your loved ones are taken care of according to your wishes in the event of your death. Contact the Law Office of David W. Foley, living trust attorney in San Diego, to make an appointment with one of our trusted legal advisors.
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What is the difference between a trust and an estate?
While an Estate is merely the total value of a person’s assets after they pass away, a Trust is a legal entity designed to hold, manage and distribute assets on behalf of beneficiaries.
Can you set up a trust without an attorney in California?
Draw Up the Trust Document There is no single form that you have to use in California to do this, but there are some options. If you’re confident in your abilities, you can download a program online to help you write a document. Otherwise, you’ll want to get the help of either a lawyer or a financial advisor.
How much do most lawyers charge for a will?
Planning for the future isn’t always easy, especially when it involves thinking about one’s own mortality. But creating a will is a crucial task that can save loved ones much heartache and confusion. But how much should drafting a will cost? This question is a common one, and the answer varies greatly depending on several factors. From the complexity of your estate to the lawyer’s fees, the cost of a will isn’t a one-size-fits-all figure.
In this article, we’ll delve into the factors that influence the cost of a will, offering a detailed guide to help you navigate this essential part of estate planning. So, let’s get started on this journey to understanding the costs associated with creating a will.
Transcending the realm of personal finance and legal affairs, a will serves a multi-faceted role. It’s an essential cog in the wheel of estate planning. Let’s delve deeper to comprehend its definition, role, and significance fully.
A will, or “last will and testament,” is a legal document that communicates a person’s final wishes in terms of asset distribution upon death. The author of the will, known as the Testator, dictates the roles of beneficiaries who stand to inherit real estate properties, investments, valuable possessions, and other assets.
Primarily, a will plays the pivotal role of reducing ambiguity and preventing potential disputes that may arise after the testator’s death. It appoints an executor who marshals the decedent’s assets, pays debts and taxes, and finally distributes what’s remaining to the beneficiaries.
It’s vital to highlight that creating a will stands as a relevant legal cushion. It ensures that the fruits of a person’s lifetime of labor go to their chosen beneficiaries rather than being distributed according to state inheritance laws.
From safeguarding a minor child’s future through a guardian appointment to steering clear of lengthy probate court proceedings, having a will offers multiple advantages. It enables a smooth transition of assets, underlining its significant role in any well-conceived estate planning strategy.
Several determinants play substantial roles in influencing the cost of a will. These factors shape the intricacy, depth, and the legal navigation it requires, primarily including the complexity of your estate, the involvement of professional assistance, and prevailing local regulations.
The cost of drafting a will varies directly in connection to the complexity of one’s estate. An estate comprises all assets an individual owns, including real estate, bank accounts, investments, and personal belongings. A simple estate, entailing straightforward allocations without trust establishments or potential for familial disputes, calls for fewer legal machinations. Contrastingly, a complex estate, replete with high-value assets, business ownerships, and properties in multiple states, necessitates comprehensive work. It demands intricate planning, incorporation of legal devices like trusts, and measures to mitigate impending issues.