FAQs about Estate Planning
There are many myths and misunderstandings regarding estate planning and probate. The lawyers at Linden & Associates can clear up these misunderstandings and provide sound estate planning advice to ensure your assets are distributed to your family and loved ones in a timely, orderly, and efficient manner.
Call us at 1-800-287-8781 for a free initial consultation regarding estate planning solutions.
Why do some people make going through probate sound as painful as having a root canal?
Probate may not cause physical pain, but it can certainly prolong the emotional pain of your survivors. For one thing, all assets are usually frozen until probate is completed.
If cash flow is a problem, your family may be dependent on a court decision for an allowance to cover living expenses.
Probate can also be costly. Those court costs, executor fees, and other expenses add up quickly and all of them must be paid before your assets are distributed.
Our property deed lists my spouse and me as joint owners. Does this solve my problems?
I already have a will. Do I really need a trust as well?
Not if the prospect of your survivors facing probate is okay with you. Or if you are not concerned about losing a good portion of your estate to taxes . . . or who will make important medical and financial decisions if you become physically or mentally incapacitated. But if these issues matter to you, it makes sense to consider a trust.
The following chart shows why:
Who has control of my trust if something happens to me?
What's the difference between a living trust and a living will?
Is that the same as a Durable Power of Attorney for Health Care?
How long does it take to establish a trust?
Can't I draft my own will or trust?
How much money can I save with a funded living trust?
* These items are not included for probate but are for Federal estate tax costs computation.
Depending on the size of your estate, a funded living trust can save the following probate costs:
For a free initial consultation with a lawyer at Linden & Associates, call (800)-287-8781 (800-2TRUST1), or contact us online. Located in Newport Beach, we serve clients in Los Angeles, Orange County, Riverside, San Bernardino, and throughout California and across the nation.