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Attorney Prepared Living Trusts, Wills and Estate Plans
Any California resident owning real estate or other assets in excess of $150,000 needs a trust to avoid probate and reduce or eliminate estate taxes. A Will goes through probate, a trust does not. A trust will most likely save $15,000 to $45,000 in legal fees when compared to a Will and the probate process.
To set up a meeting to discuss your needs . . .
Types of Trusts Prepared
Comprehensive estate planning includes:
The real estate transfer deeds must be recorded with the County Recorder's Office and brokerage and bank accounts re-titled into the name of living, revocable trust. The power of attorney and advanced health care directive name and identify at least two trusted friends or relatives in the event of disability. Professional care providers such as nursing homes and health care providers and an attorney should be identified in the event of disability.
Elder Law Compared to Estate Planning
Elder law is for protection of the person. Proactive elder law is planning in the event you become incapacitated with documents such as power of attorney and advanced health care directive. Corrective elder law involves assuming the responsibility for care of an elder and in extreme cases the use of the California Superior Court for protective orders and conservatorship.
"The top three reasons clients plan are:
Other findings indicated that 74 percent of clients are aged 50 or older."
Trusts and Estates Feb 2, 2010 Press release
Mark W. Bidwell, Attorney at Law and CPA, Inactive. Office is located n the City of Irvine, Orange County, California.
Email address: Attorney@BidwellLaw.com
Services include the following:
Estate Planning Law and Administration
Wills, pour-over wills, trusts, living wills, powers of attorney, and other planning documents
Revocable family trusts
Revocable trusts to reduce or eliminate estate taxes (death tax)
Advanced estate planning; irrevocable charitable trusts, family limited partnerships, qualified personal residence trusts, irrevocable life insurance trusts (ILITS)
Special needs trusts
Advice and legal representation of executors, administrators, trustees, and guardians on transfer of assets and estate administration
Pre-marital (premarital) and post-marital agreements