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FREQUENTLY ASKED QUESTIONS > Estate Planning Questions & Answers (18 entries)

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  • Estate Planning includes: 1) Wealth preservation; 2) Incapacity planning; and 3) Children/Beneficiary protection. In short, it is a process of getting your affairs in order so that you walk ...
  • Everyone , single or married, who has accumulated any assets and wishes to determine how those assets will be managed in the event of incapacity, or distributed at the time of ...
  • You should still plan. Otherwise, your estate is guaranteed to go through the probate court and the State will determine who will receive your assets.
  • The federal tax laws allow each of us a tax credit to protect a portion of our estate against the inheritance tax. In 2013, any individual can protect the first ...
  • Planning discussions, and preparation of basic Estate Planning trust documents often take several weeks to complete. Fees for this work generally ranges ranges from $2,500 and $6,500 ...
  • Now ! Estate planning is done in order to prepare for the event of an injury or illness resulting in incapacity or death. None of us likes to think ...
  • Everything you own. This includes life insurance, business interests, personal property, real estate and retirement plans. The “value” of your estate is determined by what the “fair market value” ...
  • Current tax law allows the tax free transfer of an estate from a deceased spouse to a surviving spouse. Estate taxes are not assessed or due until the second spouse ...
  • The public, court imposed legal process of protecting creditors, changing title and managing assets for people who have died or become incapable of managing for themselves. Since deceased ...
  • A Legal document that advises the probate court about a decedent’s wishes for distribution of their assets. A will is only effective after the will creator's death, and a will ...
  • A legal document that provides instructions to a personal trustee on how to manage and distribute the estate. A Living Trust is established during lifetime and is usually revocable and ...
  • A Durable Power of Attorney authorizes someone to act on your behalf while you are alive , and if for some reason, you are not available, or capable of acting on ...
  • An Advance Health Care Directive (“AHCD”) is intended to be a written expression that you would prefer that no one go to extraordinary means to keep you alive if you were ...
  • California is a Community Property state. That means that there is a legal presumption that whatever a husband and wife own, they own as their community property rather than either of ...
  • Beneficiary Designations determine how certain assets will be distributed at the time of your death. These are most often used with life insurance policies, annuities, IRAs and other retirement plans. ...
  • All properly planned estates should include either a Will or a Revocable Living Trust ("R:T") to describe who will benefit from the estate, and how the heirs are to receive their ...
  • Probate Code Section 10810 Sets the Statutory Executor/Attorney Fees for Probating a Calironia Estate. As of 2013, the current fees are:  ...
  • When you are preparing for your initial meeting with your estate planning attorney, you should be prepared with the following: 1.  ...