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!
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.
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.
Estate planning is imperative for anyone looking to ensure the well-being of their family members after their death. In fact, we always recommend that our clients create an estate plan. Therefore, in order to help out with this daunting process, we've created a free checklist for your reference. Read on to learn how to use it!
If you have thought at all about estate planning, congratulations! You have already saved your family lots of hassle and expense. If you have set up a living trust, even better; you are very well prepared. However, even the best-laid plans sometimes change. When this happens, you might find yourself in the position of restating a trust.
When most people think of estate planning, they assume it will be costly. After all, we are talking about your life's possessions here! However, inexpensive estate planning options will enable you to meet your goals without breaking the bank. While estate planning does not have to be expensive, you should do it correctly. A People's Choice can help with document preparation and other types of estate planning logistics. We don't cost nearly as much as an attorney, and our clients often save thousands of dollars.
Creating an estate plan will make sure you and your loved ones are taken care of in case you become incapacitated or die. For larger estates, your estate plan should include a living trust and pour over will to avoid probate. Fortunately, there are many solutions to make a simple estate plan without a lawyer. Read on to learn more.
No one wants to pay for estate planning. Putting together your estate plan can be expensive, and odds are no one will see the benefits of that pricey estate plan for years. Using an attorney, a person can expect to pay between $1,500 and $3,000 for a basic estate plan package. For more complicated estates, putting together your estate planning can cost over $4,000. While estate planning can be expensive, there are ways to minimize the cost such as using a legal document preparer.
We all work hard during life and hope we'll be able to pass an inheritance to our children. California probate is expensive and time-consuming, taking between 8-12 months to complete. Here are the three best ways to avoid probate in California and to make sure your beneficiaries receive the most of your estate.
You can prepare your own estate planning documents without hiring an attorney. Contrary to popular belief, estate planning does not have to be difficult. Once you understand common estate planning documents, you will be able to choose which documents work best for your family. Here is a list of estate planning documents you should consider.