California Estate Planning and Probate Law Blog
One thing about life is certain for everyone, our days are numbered. How will your family deal with your passing? This blog is designed to provide information and answer questions about estate planning and the probate process - how it works and how to avoid it.
Thursday, January 10, 2019
How Much Does Probate Cost?
How Much Does Probate Cost? The are two financial components to probate: costs and fees. Costs are typically the charges for Court filing fees, Publication of the Notices, and the Probate Referee, among other things. Attorneys' and Administrator/Executor fees are separate. Those fees are set by California Probate Code section 10810 and based on the estate's value. For example: Estate Value Statutory Fee $100,000 $4,000 $200,000 $7,000 $300,000 $9,000 $400,000 $11,000 $500,000 $13,000 $600,000 $15,000 $700,000 $17,000 $800,000 $19,000 $900,000 $21,000 $1 million $23,000 An estate valued in excess of $1.0 million up to $9.0 million is 1%. Please contact us for answers to your questions or need additional information. (530) 243-6000
Labels:
Attorney,
Estate Planning,
Lawyer,
Living Trust,
Probate,
Will
Location:
Redding, CA, USA
Friday, December 14, 2018
Estate Planning Mistakes - Not Making Use Of A Living Trust
This is part four of the 7 part Forbes Estate Planning Mistakes.
Forbes: Estate Planning Mistakes Series - Part 4 , Not Making Use Of A Living Trust
Anymore, there are very few exceptions why somebody would not need a living trust. With a trust, your assets are held under your control (generally, if revocable), for your benefit during your lifetime, and upon death, transfer to your beneficiaries without Court involvement. Should you be eligible and need long-term care paid for by Medi-Cal, a living trust also protects your assets from Medi-Cal recovery.
There is no downside to having a living trust. For a more in depth discussion, contact me anytime.
Labels:
Attorney,
Estate Planning,
Lawyer,
Living Trust,
Probate,
Will
Location:
Redding, CA, USA
Tuesday, December 11, 2018
Estate Planning Mistakes - Not Avoid Probate
This is part three of the 7 part Forbes Estate Planning Mistakes.
Forbes: Estate Planning Mistakes Series - Part , Not Avoiding Probate
If you're making a plan, your primary objective is usually to avoid the probate process ... which I refer to as HELL (Hassle, Expensive, Lengthy, Litigation). It's no where you want your family to be following your death.
While there may be instances probate is a good thing, those instances are few and far between.
If you want your family to avoid HELL, or the probate process, please contact me.
Forbes: Estate Planning Mistakes Series - Part , Not Avoiding Probate
If you're making a plan, your primary objective is usually to avoid the probate process ... which I refer to as HELL (Hassle, Expensive, Lengthy, Litigation). It's no where you want your family to be following your death.
While there may be instances probate is a good thing, those instances are few and far between.
If you want your family to avoid HELL, or the probate process, please contact me.
Labels:
Attorney,
Estate Planning,
Lawyer,
Living Trust,
Probate,
Will
Location:
Redding, CA, USA
Friday, December 7, 2018
Estate Planning Mistakes - The Power of Attorney
This is part two of a series of articles Forbes ran about the 7 top estate planning mistakes.
Forbes: Estate Planning Mistakes Series - Part 2, The Power of Attorney
I have found this to be true - people overestimate what a power of attorney allows an agent to do. Worse yet, even if the agent is fully authorized to act on your behalf, many financial institutions simply will not honor the power of attorney unless it's their own document. It can be very frustrating.
If you're looking for solutions, I can help.
Labels:
Attorney,
Estate Planning,
Lawyer,
Living Trust,
Probate,
Will
Location:
Redding, CA, USA
Sunday, November 25, 2018
Estate Planning Mistakes - The Will
Earlier this year, Forbes ran a series of articles about the 7 top estate planning mistakes. The articles were thoughtful and well written, and I agree with each one. This is a link to the first part:
Forbes: Estate Planning Mistakes Series - Part 1, The Will
As the article states, while a Will is essential to any estate plan - typically what we call a "Pour-Over Will" - it is not the only document you need. More importantly, if you are trying to avoid the probate process, a Will does not do that. Rather, a Will directs a probate proceeding. That is, it addresses issues such as who will be the Executor of your estate, whether or not a bond is required, and who will receive your property, among other things.
If you think a Will is all you need, let's talk. There are many reasons to add other documents to your plan. Believe me, your family will thank you.
Labels:
Attorney,
Estate Planning,
Lawyer,
Living Trust,
Probate,
Will
Location:
Redding, CA, USA
Saturday, November 24, 2018
IRS Statement on Lifetime Gifts
If you or your family has or intends to utilize the lifetime gifting options, a recent IRS statement confirms the same rules will apply in the future as when the gift occurred. For additional information, click Here
Labels:
Attorney,
Estate Planning,
Lawyer,
Living Trust,
Probate,
Will
Location:
Redding, CA, USA
Wednesday, May 9, 2018
Doug was on the radio with Carl Bott discussing, among other things, business partnerships and what you need to keep in mind when starting a business with a partner, or worse, a friend or family member.
Douglas Wright on Free Fire Radio - May 8, 2018
Subscribe to:
Posts (Atom)