Wills and Estates
Without a living trust, probate proceedings are required for all assets other than those held by the decedent in joint ownership with another person. Even though all of a married couple's assets are held in joint ownership by husband and wife, thereby avoiding probate at the death of the first spouse, probate may be required at the death of the surviving spouse. This may take several months and expenses are incurred for attorneys fees, court costs, and publication of creditor notices. These may amount to tens of thousands of dollars which will reduce your overall estate.
By utilizing a living trust which is properly funded, probate proceedings will either be avoided entirely, or will be reduced to an inexpensive formality.
We are a full service law firm and provide our clients complete estate packages. Estates may be prepared for a flat fee.
The flat fee includes;
- Two Pour-over Wills
- Revocable Living Trust
- Deed to convey your residence and other California real property into the trust
- Two Powers of Attorney (for financial matters)
- Two Healthcare Directives
Most importantly, we provide legal advice. A trust must be adequately structured. Failing to do so may have catastrophic tax consequences.
If you wish to prepare a living trust for your family, please call (310) 234-4050 to schedule an appointment.
Certain restriction apply. Please call for details.