Rex L. Crandell

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Between now and the end of the year would be a good time to take care of any estate planning needs and objectives that you may have related to transferring your estate to your beneficiaries. 


Estate planning normally includes preparing a current Last Will and Testament, creating a Revocable Living Trust to avoid probate, preparing an Advance Health Care Directive - Durable Power of Attorney Form to take care of your medical decisions should you become incapacitated, and preparing a Durable Power of Attorney Form to allow for your Financial Management responsibilities if you are unable to take care of them yourself.  The best time to consider these issues is well in advance of any pressing need to take care of this long-term planning.  You will need to answer questions relating to who will receive benefits from your estate after you are gone.


Many people think that a Will is the best way to transfer assets at death.  In my opinion, a Will is an outdated, costly, and time-consuming way to transfer assets to heirs.  The reason for this is that a Will must be processed as a probate in the county where the person resides.  The probate process frequently costs from $25,000 to $35,000 in processing fees.  Probate freezes all estate assets under strict court control for 11-18 months or more.  The probate information becomes a public record of all of your private details.  Because the information is made public, marketing companies frequently target beneficiaries of estates for a variety of sales offers.  The entire probate process can be easily avoided if a person simply creates a living trust to transfer his or her assets to heirs and merely registers the assets in the name of the trust.  When you have a living trust, a Last Will and Testament can be prepared to handle only a few assets that are hopefully below the value that would require a probate court proceeding. 


Having a revocable living trust does NOT eliminate all estate administration issues for the successor trustee after someone passes away.  However, the amount and level of detail needed to administer an estate that has a revocable living trust as the primary estate planning tool takes significantly less time and effort on the part of the trustee than a California State Superior Court & judge-supervised Probate processing of a Will requires.


We provide the services of estate planning for our clients.  We take care of all document preparation, using information we gather from clients about their wishes regarding the disposition of their estates and the distribution of their assets to beneficiaries and loved ones who survive them.  


Please call our office to set an appointment to discuss your estate planning objectives.  We can discuss fees for estate planning services at that time.  If you choose not to utilize our services in the creation and implementation of your estate plan, there will be no cost or obligation on your part for our initial meeting to discuss your long-range objectives.  It is recommended that you obtain our Estate Planning Questionnaire & Organizer Forms prior to your appointment.  The estate planning questionnaire provides a place for you to list your assets and identify your beneficiaries so that enough information will be available to get an overview of your estate planning needs and desires.


Please contact our office to schedule your no-obligation estate planning meeting.  Call now, so that your estate plan can be designed, implemented, and completed before the end of this year.  Do not delay.  Your beneficiaries will appreciate your advance planning in this area. 


I look forward to hearing from you soon.


Very truly yours,

Rex L. Crandell

Rex L. Crandell





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Call our firm at: (925) 934-6320
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