Estate Planning Walnut Creek, CA
Estate Planning includes a variety of strategies and documents.
If you have a lot of assets, then you may need to use procedures to avoid or defer estate taxes. For those who own real estate, you likely will need a revocable living trust to avoid probate. If you are just starting out in life and have not accumulated many assets yet then a simple will might be a viable option.
Estate Planning always needs to address your particular circumstances and location on the human life cycle continuum.
A “pre-packaged” or generic estate plan should never be considered as everyone’s situation is different. There is not a one-size-fits-all approach when it comes to Estate Planning. Your estate must directly fit your particular circumstances or it is not worth the paper that it is printed on.
Estate Planning Pricing Information – FLAT FEE
When you are ready to get the process started we recommend starting by downloading our Estate Planning Organizer, which is a document where you can list all the information that will be needed such as your assets, beneficiaries, etc. Click the button below to get started!Download our Estate Planning Organizer
Why is Estate Planning important?
Comprehensive Estate Planning Package
What is included in a Comprehensive Estate Plan?
Revocable Trust
Your Declaration of Trust document will be the primary instrument to manage and transfer your assets to beneficiaries. One advantage of a revocable trust is that assets that are owned by your trust are not subject to the lengthy and costly probate court procedures.
Last Will and Testament
Your Last Will and Testament. This document is also known as a pour over will because the will direct the executor to add any asset to the trust if it was not listed in the trust at date of death. A will is the only document to nominate care custodians for minor children when both of the child’s parents pass away. As this is a husband and wife estate plan, there will be one (1) Will prepared for husband and a different Will prepared for the wife.
Durable Powers of Attorney
Asset Management Your Durable Power of Attorney for asset and financial management document of any asset that is not held in the name of your trust in the event of mental incompetency. Incompetency is when you are no longer mentally able to manage your own finances or assets. This document only goes into effect upon incompetency, as determined by a medical doctor. This document is intended to avoid the burden of a legal court supervised conservatorship in the event you become incapacitated for any reason including Alzheimer’s Disease. Your designated agent can step in and manage your assets that are not titled in the name of your revocable trust. Again, as this is a Husband and Wife estate plan, there will be one document prepared for husband and a separate document prepared for wife.
Advance Health Care Directives
An Advance Health Care Directive is designed to allow your Health Care Agent to make decisions in the event you are not able to communicate with your wishes to your health care professionals. There will be one document prepared for husband and a separate document prepared for wife.
Transfer of Personal Property
A document to transfer asset that you own to your revocable trust. These assets may not have identifiable proof of ownership certificates. You mentioned that you do not own any real property.
Transfer of a Sole Proprietorship Business
If you have one, to your revocable trust.
Prepare a Trust Transfer Deed
Register your real property in the name of your trust in the land records office.
We understand that this sounds like a lot of things to know and do…
That is correct, but you do not need to worry about it because we prepare all the forms for you according to your wishes as to how you want your assets distributed.
Get Started with Estate Planning Now!
Our team is standing by ready to help!
Have a question? We are here to answer any questions you have
What does the Estate Planning process look like?
We provide the services of estate planning for our clients. First, we listen carefully to what a person wishes for the transfer of assets after they are gone. Then the documents are prepared using information we received from our clients and make a custom designed written plan for their estate. A one size fits all approach does not work for estate planning.
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.
It is recommended that you contact our office and request 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, desires, tax requirements, beneficiary information and your distribution plan.
Comprehensive Estate Planning Book by Rex Crandell – Now Available on AMAZON!
This book covers everything you need to know about Estate Planning in California and the various documents that are involved. Gain a thorough understanding of the Estate Planning process and understand the key terminology. From there you will gain practical understanding of each of the 4 main documents involved. A comprehensive estate plan is much more than a simple Will or a Trust.
“Please contact our office to schedule your no-obligation estate planning meeting.”
Rex Crandell Firm
ESTATE PLANNING RESOURCES & HELPFUL INFORMATION!
Find helpful information below about the Estate Planning process and how we can help you!
