California law acknowledges that full probate is unnecessary for small estates and offers simplified probate alternatives for estates valued at less than $166,250. If your estate is worth more than that, you can still avoid probate by setting up a California living trust. You do not need to hire a lawyer to establish your living trust; a California legal document assistant can prepare the living trust documents for you for a much lower price than a lawyer would charge.
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With our living trust preparation checklist, a DIY trust is possible! Plus, by working with a registered legal document assistant such as A People's Choice, you can avoid high attorney's fees for help drafting your trust. Read on for our complete California living trust checklist and to learn more about the necessary actions that come along with writing a trust.
Are you considering whether a transfer on death deed or a living trust is right for your estate planning needs? In this article, we outline the benefits of both of these estate planning tools so you can determine which is best for you. However, if you have more questions, always feel free to reach out to A People's Choice to learn more.
Do you have to update your living trust and will? If so, how often, and under what circumstances? Read on to learn more about revising your living trust and will, and how you can do it WITHOUT hiring an attorney! Then, contact A People's Choice to inquire about our estate planning services.
When it comes to estate planning, everyone should have the proper legal documents in place to ensure their property and assets are distributed according to their wishes upon death. However, there are a plethora of estate planning forms, and it can be difficult to know which is best for you. Therefore, it's important to educate yourself on what each document means. For example, you should be familiar with the legal implications of a living will vs. living trust!
Thinking about creating a living trust? In this article, we outline the three easy steps to setting up a living trust with A People's Choice. Plus, find out if a living trust is right for you!
Many wealthy people hire estate planning lawyers to set up living trusts for them; these trusts allow the estate to avoid probate and the taxes that go along with it. Placing your assets in a trust, avoiding probate, and sidestepping estate taxes are not just strategies for multimillionaires and their expensive estate planning lawyers. All you need to get your do-it-yourself living trust started is a registered legal document assistant and a healthy fear of probate and all its unnecessary expenses.
You're probably familiar with the concept of a living trust, but there's an important step that comes after signing the trust. Read on to learn more about the process of funding a living trust and what consequences you may face if you fail to do so.
As we get older, we tend to spend more time thinking about our estate plans, what we leave to our children, and our legacy. However, oftentimes the cost of preparing estate plan paperwork with an attorney pushes this item to the back burner. Looking to prepare a living trust for a fraction of the cost? Here is the story of how one woman did just that - and saved $500!
Estate planning on your part will make life easier for your family when it is time to settle your estate. Writing a will is a good start, but having a will doesn't avoid probate if your estate has a value of $166,250 Creating the required forms for a living trust, also known as a revocable trust, is an easy solution to this problem. A trust enables your trust assets to pass directly to your heirs, avoiding probate altogether.
The process to set up a living trust in California is relatively straightforward and most people can do it themselves without having to hire a lawyer. To set up a living trust, you will need to know how you want to distribute your estate when you pass away. A People’s Choice can help you set up a living trust for a fraction of what it would cost to work with an attorney.
There are many advantages of a living trust. Setting up a living trust can avoid the expense of filing probate after someone passes away. We can create a living trust and your other estate documents for a fraction of cost an attorney would charge so your estate can avoid probate, conservatorship or guardianship.
Need to amend a living trust? A People’s Choice offers non-attorney estate planning services and can help to amend your living trust. You can save hundreds of dollars to amend a living trust by using a regisered legal document assistant rather than hiring a lawyer. Here are the steps you need to amend a living trust.
A living trust allows a person to put their property under the control of a trustee who holds legal title to the property on behalf of a beneficiary. Many individuals choose to create a living trust so their estate can avoid probate upon their death. However, in some cases, a trust may not provide adequate legal protection. If you're wondering if a living trust is right for you, read on to learn more.
It’s never too late to plan your estate with a revocable living trust, even when you are 91 years of age! So often people put off proper estate planning because it has previously been an expensive task only provided by attorneys. Nowadays, people are discovering that they can get the same estate planning documents prepared by a Legal Document Assistant at a fraction of the cost an attorney would charge.
If you have a bank account with funds between $166,250 and $250,000, you may want to consider putting it into a living trust. Luckily, this is a very simple process that your financial institution may even do for you! Plus, you will not need to hire an attorney. Read on to learn more about putting a bank account into a trust to decide if it's right for you.
Are you considering using a trust to protect your assets from creditors? Be sure to read this FIRST! Many of our clients don't realize that they will need an irrevocable living trust to protect their property. However, irrevocable trusts are costly and may have more disadvantages than benefits. In fact, using an irrevocable trust means giving up all rights to your assets!
Estate planning can be confusing. How do you know whether you need a will vs a trust? You have been hearing it for most of your adult life, at least since you first bought a house or had children: You need to have a will in place. What if you found out that there is an even better way to transfer your property to your heirs? Basically you have two choices: a will vs a trust.
If you need to make changes to your living trust, you can either amend the original document or create a new document with a California trust restatement. Read on to learn more about when a restatement is advised, and the benefits of restating a living trust. Then, be sure to contact A People's Choice to learn how we can help.
Transferring real property into a trust helps avoid probate, estate taxes, guardianship or conservatorship, and much more. If you're worried about what will happen to your assets after your death, considering transferring your property into a trust. This act could help save your loved ones from stress and difficulty when settling your estate.