Any reason to not use a Certified Specialist in estate planning, trust and probate law? Ok, there isn’t any good reason I admit it. You MIGHT save a few dollars as some attorneys, who are not specialists, charge less. However, do you really want to entrust all of your hard earned assets and your family’s future to someone who isn’t dedicated to estate planning and probate law?
I actually find that my firm charges less than a lot of non-certified specialists so if it’s simply based on cost there is absolutely no reason to use a specialist because we are likely less expensive for getting a trust, pour over will, durable power of attorney, living will, quitclaim deed and other planning documents completed. The same goes for living trusts, irrevocable trusts, life insurance trus
Probate takes seven months minimum in California. Can be longer but a full California probate will not be shorter than 7 months. Let me explain….
Let’s hypothetically say we meet today, June 26, 2012, to sign your probate documents.
I often file documents within 24 hours of the initial meeting so let’s say we file it in Court, June 26, 2012.
Your first Court date is likely to be about 6 weeks out so that will be approximately August 15, 2012.
That starts the four months probate period. This is when property is sold, creditors dealt with, taxes paid, etc….
That period ends approximately December 15th.
Assuming we planned ahead we can file the final probate petition on that day, December 15th.
Our final Court date will be about 6 weeks later, roughly late January or first week
Estate planning is not just about giving your stuff away when you die. It’s about giving your stuff away when you die in the most efficient manner possible and providing the best protections allowable to your loved ones. This is the most simple asset protection available. Anybody that does not include some form of trust protection, for their loved ones, is missing the boat!
There is no simple way to create a trust for yourself that gives you asset protection. However, when you set up a trust up for a third party it can give them asset protection. That is, creditor protection or liability control or whatever you want to call it. This is estate planning 2.0 to use the current vernacular.
In the “old days” trusts were set up to be distributed to children at age 30 or 35 or some such r
Estate planning is more than planning for after death. You can use trusts, and other entities, to create asset protection. The key is planning AHEAD. Do not wait until you have a problem. Take reasonable precautions by planning ahead. You can use revocable trusts to create creditor protection for your kids. You can use irrevocable trusts to create creditor protection for you and your spouse. Let’s talk about some options for you. -John