12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

How to Secure Your Assets and Avoid Probate in Zip Code 95920

How to Secure Your Assets and Avoid Probate in Zip Code 95920


Put not your trust in money, but put your money in trust.
 
- Oliver Wendell Holmes


Probate can tie up property for months, sometimes more than a year. And, it can be expensive - attorney and court fees can eat up to 5% of an estate's value. Most of what happens during probate is essentially clerical - legal research, drafting and clerical processes.

Probate involves inventorying and appraising the property, paying debts and taxes, and distributing the remainder of the property according to the will. The probate attorney fills in forms and keeps track of filing deadlines and other procedural technicalities.
All of this expense and delay can be avoided with estate planning.

A Living Trust is just one of the many ways to avoid this court proceeding after your death and spare the surviving family the hassle and possible conflict when it comes to their inheritance. In addition to a living trust, you can choose other methods that are probate free. The best estate planning approach for you and your family depends upon your unique condition.

Estate Planning to Avoid Probate

Revocable Living Trust

A revocable living trust is a document similar to a will. It specifies your assets and who you want to inherit various assets. It is a probate free way of ensuring that there will be clarity and minimal strife amongst your heirs. Essentially, you place your assets into a trust. After you pass away, your surviving family members can transfer your property quickly and easily, without probate. More of the property you leave goes to the people you want to inherit it.

Bank Accounts that are Payable-on-Death (POD)

Bank and retirement accounts can be converted to payable-on-death (POD) accounts. This can be done by filling out a simple form naming your beneficiaries. No more probate proceedings, the money will go directly to your POD beneficiaries with your bank or financial services provider. The same can be done for securities and vehicle registrations and in some states, real estate, as well. Upon you death, all these assets automatically transfer to your POD beneficiary without going through probate.

You can avoid probate by owning property as follows:

1. Joint tenancy with right of survivorship. A surviving owner of a joint tenancy automatically inherits the property of the one who passes away without undergoing probate.

2. Tenancy by the entirety. This is similar to joint tenancy but can only be applied to married couples or registered same sex partners. It is also probate-free.

3. Community property with right to survivorship. Refers to properties located in different states that is co-owned by married couples. If one partner dies, the surviving part automatically owns the assets.

Gifts

Probate can also be avoided by giving away your property while you are still alive. If you no longer own the asset when you die, it won't go through probate. Most gifts are also not subject to federal gift tax.
 
Personalize & Print a Free CA Last Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Personalize & Print a Free CA Living Trust Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Related Legal Services near Zip Code 95920
Daniel J Roemer Law Office
1390 Willow Pass Rd Ste 192
Concord, CA 94520
(925) 349-9928
Administrative & Governmental Law Attorneys, Attorneys
Gilmore Wood Vinnard & Magness
7108 N Fresno St Ste 410
Fresno, CA 93720
(559) 448-9800
Gilmore Wood Vinnard & Magness
10 E River Park Pl E
Fresno, CA 93720
(559) 448-9800
Attorneys
Walter & Wilhelm Law Group a Professional Corporation
205 E River Park Circle Ste 410
Fresno, CA 93720
(559) 435-9800
Labor & Employment Law Attorneys, Wills, Trusts & Estate Planning Attorneys, Business Law Attorneys,
Justice For All Legal Center
480 N. Magnolia #101
El Cajon, CA 92020
(619) 593-9700
Paralegals, Bankruptcy Services, Divorce Assistance, Legal Forms, Notaries Public, Legal Service Pla
Barnett and Rubin Professional Corp
5450 Trabuco Rd
Irvine, CA 92620
(949) 261-9700
Attorneys,  Bankruptcy Services,  Bankruptcy Law Attorneys,  Legal Service Plans
Bruce D. Gleit
7 Nantucket
Irvine, CA 92620
(949) 727-9690
Attorneys, Insurance, Legal Service Plans
Rivas Jacob J
7050 N Fresno St # 208
Fresno, CA 93720
(559) 263-9667
General Practice Attorneys, Attorneys
Kutrubes Peter
2001 Salvio St # 17
Concord, CA 94520
(925) 969-9600
Attorneys Referral & Information Service, Attorneys Support & Service Bureaus, Attorneys
Craig P. Fagan
6320 Raydel Court
San Diego, CA 92120
(619) 528-9600
Family Law Attorneys, Real Estate Attorneys, Collection Law Attorneys, Discrimination & Civil Rights
Donald J Devries Law Office
6475 Camden Ave
San Jose, CA 95120
(408) 268-9500
Attorneys, Divorce Assistance, Family Law Attorneys, General Practice Attorneys, Legal Service Plans
Catholic Charities
4575 Mission Gorge Pl
San Diego, CA 92120
(619) 287-9454
Immigration & Naturalization Consultants, Attorneys, Immigration Law Attorneys, Social Service Organ
John E Petze Law Offices
205 Claydelle Ave Ste 101
El Cajon, CA 92020
(619) 441-9404
Attorneys,  Civil Litigation & Trial Law Attorneys,  Business Law Attorneys,  Personal Injury Law At
Zef Mihilli Law Offices
6136 Mission Gorge Rd
San Diego, CA 92120
(619) 702-9394
Attorneys Referral & Information Service, Attorneys, General Practice Attorneys
Divorce Document Svc
205 Claydelle Ave # 205
El Cajon, CA 92020
(619) 589-9333
Paralegals, Divorce Assistance
Nilc-Banning
6350 W Ramsey St
Banning, CA 92220
(951) 845-9300
Paralegals
Wright Janet L
7110 N Fresno Street, Suite 420
Fresno, CA 93720
(559) 435-9300
Estate Planning, Probate, & Living Trusts,  Attorneys,  Business Law Attorneys,  Agricultural Law
McCarthy Joanne C-Legal Doc Asst
2204 Concord Blvd
Concord, CA 94520
(925) 689-9244
Legal Document Assistance, Attorneys, Paralegals, Attorneys Support & Service Bureaus
Fortino Andrea
7405 Eigleberry St
Gilroy, CA 95020
(408) 842-9154
General Practice Attorneys, Attorneys
Oren & Oren Inc.
470 E Herndon Ave
Fresno, CA 93720
(559) 438-9139
Attorneys
Eleazarian John P
7489 N 1st St
Fresno, CA 93720
(559) 261-9110
Attorneys
Carol Ann Moses
575 E Alluvial Ave Suite 105
Fresno, CA 93720
(559) 449-9069
Attorneys, Criminal Law Attorneys
Bail Bonds in Buena Park
6651 Beach Blvd
Buena Park, CA 90620
(888) 201-9040
Criminal Law Attorneys, Domestic Violence Attorneys, DUI & DWI Attorneys, Bail Bond Referral Service
Bail Bonds in Los Alamitos
3202 Katella Avenue
Los Alamitos, CA 90720
(888) 201-9040
Criminal Law Attorneys, Domestic Violence Attorneys, DUI & DWI Attorneys, Bail Bond Referral Service
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US