Question: Do I really need to create a will? And what difference will it make to me?
Answer: You should have a will if you are concerned about what happens to your property when you are gone. If you would like items of property to be inherited by a specific person then you can only be assured of this outcome if you create a will. A will lets you designate who gets what and how exactly your assets will be distributed. If you do not have a will all your property is subject to state law and will be distributed among those heirs entitled to a portion of your estate. A will is needed to identify all persons you would like to receive and or not receive a portion of your estate.
Question: How about a trust, should I also create a trust?
Answer: A trust is considered by many as a superior estate planning tool because it allows your estate to pass without the need for probate as is the case when only a will is used to pass assets by inheritance. A trust is useful because it also allows you to control your assets even after your death by specifying how those assets will be used or distributed after you are no longer able to provide for your family or loved ones.
Question: What about a will and a trust?
Answer: That is the best estate planning method available for persons who are not business owners and we can help you create a will and a trust suited to your familys needs. These two tools when used together will provide you with the peace of mind and assurance that your estate will not go to waste.
Question: What about taxes and what if I do own a business?
Answer: Taxes can be legally avoided through proper use of a will and trust. If you are a business owner there may be other methods available to pass your assets to your loved ones, reduce taxes and ensure that your estate is utilized to provide for your loved ones after you are gone.
Estate Planning Attorney | IRS Tax Attorney | How To Avoid Probate | Conservator | Conservatorship | Legal Guardianship | Probate Attorney | California Probate Code | Probate Court | Joint Custody | Child Custody Laws | Divorce In California | Marriage Problems | Quick Divorce | Domestic Violence | Spouse Abuse | Domestic Violence Laws | Spousal Support In California | Tax Matters | Fight The IRS | Fight The FTB | Fight The BOE | Estate Planning | Business Succession | Family Trust | Will | Living Will | Last Will & Testament | Pro Bono | Free Online Legal Advice | Low Income | QTIP | Qualified Terminal Interest Property | IRC 2056 | Revocable Trust | Irrevocable Trust | Irrevocable Life Insurance Trust | Grantor Trust | Estate Tax Matters | Advance Health Care Directive | Durable Power of Attorney For Health Care | Durable Power Of Attorney | Felonies | Misdemeanors