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Escondido probate law What are the four important estate planning factors? here are four main elements of an estate plan; these include a will,a living will and healthcare power of attorney,a financial power of attorney,and a trust.Call Steve Bliss now for your free estate planning consultation.
Everything goes to the judge,and the judge has to issue a court order to transfer assets.
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That’s what confuses people; they think the existence of a will means there’s no probate,but the fact is,you really can’t do much with the will without the judge’s court order No you do not,A will is merely a writing signed by a deceased person In order to get assets transferred out of a deceased person’s name,you will need a court order,hence this is why you go through the probate process Escondido Probate Law A pour-over will is an unique type of last will and testament utilized in combination with a trust-based estate plan.
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Is the estate too small to owe either state or federal estate tax A living trust does not go through the probate process upon a person’s death,which can mean a faster distribution of assets to beneficiaries with no additional costs Escondido probate law Is it better to have a will or a trust? Deciding between a will or a trust is a personal choice,and some experts recommend having both.A will is typically less expensive and easier to set up than a trust,an expensive and often complex legal document.More details call estate planning attorney Steve Bliss now.
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