COMMITTED TO HELP OUR CLIENTS SUCCEED ACHIEVE THRIVE FLOURISH PRESERVE
Estate planning is one of the most important steps a person with any assets can take when preparing for the future. At Elder Law Services of California, we understand that the process can be complicated and cumbersome, which is why our offices offer a full range of Estate Planning services to help minimize estate taxes and avoid the expense and headaches of probate.
estate planning for you
Our goal is to help families preserve their wealth for future generations through the use of Living Trusts, Wills, Powers of Attorney, Living Wills, Irrevocable Trusts, and Family Limited Partnerships. One of the most common concerns that clients typically have is how to properly manage estate taxes. Our team at Elder Law Services of California specializes in inheritance planning and any tax-related issues that come with the topic. We pride ourselves in implementing a plan that protects your family and their assets, and depending on your needs, we may use a combination of the following estate planning tools:
Probate is a legal process for settling an estate in accordance with the will of the deceased. Assets owned and registered in the individual name of the deceased that do not already have a beneficiary—including cash, investments, personal property, and real estate—make up what's called the "probate estate." These assets are controlled by the will and "pass through" the probate process for ownership to be transferred. All other assets "pass outside" the probate process.
size of estate
Estate settlements vary from state to state, but options also vary according to the estate's overall value. A large estate generally involves having the state's probate court validate the will or certify that the deceased died intestate which means 'without a will. Settling a large estate also involves fulfilling other administrative matters, called "probating the estate." Sometimes smaller estates can be settled through a more informal means of administration.
how can elder law services of california help you
Estate planning can be a difficult topic to approach, as the process of preparing for one's death can be a solemn undertaking. However, making the best possible financial and estate planning decisions for your loved ones will only ease the stress of dealing with loss, and help to minimize the legal fees and taxes that come along with probate.Estate planning is a topic that can be tackled at any age and waiting until the last possible minute only adds stress and pressure to the process. Any person who owns property or has dependents should think about beginning the estate planning process today. The best time to get your affairs in order is now. Don't wait until it's too late.