Living Trust Attorney California -
Avoiding High Cholesterol and Probate

December 10, 2004
By Kathy Curtis

How do anticipate your state to handle the transfer of your belongings once you pass away? A living trust attorney, California, is the first place to start the development of your living trust.

A California resident can learn the trust's ins-and-outs from the state's attorney. While many trusts can be formed for free online, consulting an attorney is highly recommended if your affairs are complicated. If Jack Sprat and his fat-loving wife were residents of California today, they certainly could appreciate the legal document's hefty advantages.

Reducing Losses And Increasing Fat
The best time to plan for a living trust is today - before passing on and probate eats away around 8% of your gathered assets. Not every state permits trusts to replace probate. The state of California's Living Trusts Attorney permits a living trust to overshadow probate proceedings. What a relief for citizens who want to avoid loosing around 8% of their assets during probate to a loved one!

The Sprat Estate
Jack Sprat and his wife need to remember a few important steps when filing their trust in California:

§ Did Sprat and his wife transfer estate documents and other assets into the trust?

§ Who did the Sprats assign as "conservatorship" or back-up trustee should a Jack or his wife become unable to care for his affairs while still living?

§ Do the Sprat's own more than $1,500,000? If so, consider an Exemption Trust in the State of California.

§ Are the Sprat's charitable? If so, a charitable trust can offset gobbling up taxes from estates and other valuable assets.

§ What needs to be arranged for the Sprat benefactors (minor children)? The trust only covers monetary aspects and does not ensure guardianship. A will is needed to legally identify who will physically care for the children should Jack and his wife pass on.

 






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