The most common choice you have when setting up an estate plan is the choice between a will and a living trust. A will is always a one-way ticket to probate unless your estate falls below a minimum threshold of value. In many states, the minimum threshold is about $50,000. In California, that threshold is $165,250.
Making allocations for loved ones with special needs requires special care. Unlike other beneficiaries of your estate, your loved ones with special needs cannot inherit money directly. Doing so could put their Medicaid benefits at risk. If you wish to provide for an individual with special needs, it is vital you adhere to specific estate planning strategies.
If you are going through the estate planning process, you may find it confusing. There are several options available to you, so this is natural. Many people wonder whether they should have a will, or trust, or both.
Important Documents Related to Final Distribution of a Trust Estate NOTICE OF PROPOSED ACTION In the course of settling a […]
Sample Case Study: Client in their mid 80’s with an estate of approximately $9,000,000. Children are three daughters in their […]
Only a Trust Avoids the Probate Process In California, a probate process will need to be initiated in order to […]
When someone dies, one of the first questions that close relatives usually have is whether they are personally responsible to […]