Are you approaching retirement age or already there? If so, it’s time to concentrate on your legal, financial, and healthcare needs down the road.
An experienced Riverside County Estate Planning attorney can help you protect your assets by discussing the merits of writing a will or trust. He or she can create an estate plan that meets your needs and protects your interests later on.
Your attorney will discuss probate, which is the legal process that settles your estate according to your will. You will discuss how and if you can avoid probate. Elder law protects you through estate planning and protects you against abuse and exploitation.
If you need help transitioning to retirement, contact an experienced Riverside County Estate Planning attorney who will discuss what is best for you and your situation.
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If you have young children, it is important for you to designate someone to raise your children if something happens to you. Designating a guardian in your Will or Trust to take care of your children should be your first priority.
In your estate plan, you should name someone to manage the estate assets for your children’s benefit. This person would be known as a trustee. It is okay for one person to be the guardian and trustee, or you can name two different people if you prefer.
If you are considering creating a Will or Trust, contact an experienced Riverside Estate Planning attorney who will put your mind at ease that you have provided for your loved ones in case of your death.
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Have you been served with a probate citation? If so, you have been put on notice that someone is attempting to have a testator’s will admitted to probate.
The citation will include all the information you need, such as who the proponent of the will is and when you must appear in court if you wish to contest the will. It is important that you appear because failure to do so, may result in forfeiting your rights to contest the will.
In order for a testator to create a Last Will and Testament, he or she must possess the mental capacity to understand the consequences of the document he or she is executing.
If you are contesting a will, do not go it alone. Contact an experienced Riverside Estate Planning attorney who will advise you of your best legal course of action and the possibility of success when contesting a will.
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A revocable living trust is similar to a Will - it serves the same purpose, but allows your estate to be administered privately without the involvement of the probate court.
A living trust can be created by transferring assets to be held for your benefit or anyone you name during your lifetime. A revocable living trust gives you the right to dissolve the trust at any time. It allows you to control your assets and makes sure your wishes are met upon your death or incapacity.
If you are considering creating a revocable living trust and have questions regarding how to do so, contact an experienced Riverside Estate Planning attorney who will discuss the process with you.
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When a spouse dies in California without a proper will does the surviving spouse automatically have rights to all assets?”
California law states that the surviving spouse has the right to all of the deceased spouse’s community property unless otherwise stated – unless the spouse specifically leaves something to someone else. This can apply to separate property also.
If you have a question regarding your rights to property after your spouse had died, contact an experienced Riverside Estate Planning attorney who will protect your spousal rights to inheritance.
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I have been asked what is included in a basic estate plan.
The most important document is the Will. It is a legal declaration by you that names the person you want to manage your estate and transfer your property and assets after your death - to the individuals you desire. Having a Health Care Directive or Living Will allows you to express what kind of health care you want or do not want if you become terminally ill.
A Power of Attorney naming an individual to handle your finances is important. This person will handle all of your financial decisions if you are unable to do so while you are still alive. A Health Care Power of Attorney is a document that appoints a person to make your health care decisions if you cannot. Naming the same person to handle both would entail only one document.
If you are considering an estate plan or want to change an existing one, contact an experienced Riverside Estate Planning attorney who will provide you and your family with the service and peace of mind you deserve.
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Creating an estate plan for a newly married couple depends on several factors which include if this is the first marriage for one or both of you, assets brought into the marriage, children from a previous marriage and if you have written a prenuptial agreement.
A young couple married for the first time with no children and little assets should at least start off with a Will. Later on they can create an Advance Health Care Directive and appoint a Financial Power of Attorney.
Once your family grows along with your assets, your Will should be revised and discussed further. If you are newly married, just starting out, but want to tie up any loose ends, contact an experienced Riverside Estate Planning attorney who will make sure all of your wishes and needs are met down the road.
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\\ tags: Advance Health Care Directive, assets, attorney, beneficiary, children, Estate Planning, Financial Power of Attorney, marriage, newlyweds, trustee, Will
Estate planning is more than just a simple Will.
When you plan your estate you minimize potential taxes and fees that could be left to your heirs after you are gone.
A good estate plan coordinates what will happen to your assets, such as your home, investments, benefits, insurance, bank accounts, etc. if you become disabled or after your death. It makes sure your heirs get what you want them to. In addition, your wishes for health care treatment are also followed.
If you die without a will, your family could be left fighting over their share of your estate. Don’t make them go through that hassle – contact an experienced Riverside County Estate Planning attorney who will help you get your affairs in order.
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What happens to your money and possessions after your death? Is your family responsible enough to be able to divide everything up equally or will most of your family members disagree about almost everything?
This responsibility can be complicated and emotionally draining. You can plan ahead and avoid disagreements between family members. What can you do? You can make sure you have a will that details what each beneficiary is to receive.
Everyone should have a will, regardless of how much or how little you have. Your possessions are important to you and you want to make sure they go to people you want to have them. With a will there will be no disagreements; it states exactly who will receive your money or property and how you want your heirs to receive those assets.
Without a will, the state of California will decide who gets your money and possessions. What are you waiting for? Make one now because you can always update it later on. A will is a complex legal matter and should not be taken lightly.
If you need legal advice and help making a will, contact an experienced Riverside Estate Planning attorney who can answer any questions you have and will make sure the things you love will go to the people you love.
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It is always difficult to discuss what to do when someone is about to die, especially a loved family member. However, it is very important to prepare for that person’s death before it actually happens.
No one likes to talk about finances, but it is important to discuss money matters with your loved ones – it is a concern everyone thinks about and when emotions can run wild.
If you need to have a financial talk with your family members, but do not know how to start one, contact an experienced Riverside Estate Planning attorney who will put you on the right path; who will give you advice on how to begin such a conversation. Financial matters are complex and you need the help of someone who knows what to do and can answer all of your questions regarding benefits, assets, medical care, etc.
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\\ tags: attorney, death, end-of-life issues, Estate Planning, family members, financial issues, money, Trust, Will
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