Legal Question in Wills and Trusts in California
Will, Living Will or Trust
We are a married couple of 27 years with two grown children, 19 & 21. We own a home,my husband has a retirement savings, a we min 2 -5 small investments. What would you recommend that we do, a will, living will or a living trust. I was told that a will would be fine. I basically want to have something in place since all my family is back east with the exception of my sons. I would want for things to be laid as to what would happend with our estate and a health directive. Which one would be the simplest to do?
4 Answers from Attorneys
Re: Will, Living Will or Trust
My office can handle this matter for you at a reasonable rate. There are several means of passing property, and we can talk about each of those. To give you the best advice however, I would need more information regarding your assets and how you wish to pass your property. Please call my office to setup an appointment.
Joshua Hale, Esq.
619.298.1969
Re: Will, Living Will or Trust
If you wish to avoid probate a revocable trust is the best approach. Springing durable powers of attorney for asset management and advance health care directives should also be prepared at the same time. Please contact me if I can be of any assistance.
Re: Will, Living Will or Trust
A comprehensive estate planning package includes a trust, will, and both medical and financial directives. You can try to do this yourself using commercial software or forms that are available at office superstores. Or, you can contact an attorney to discuss the specifics of your situation and he/she can recommend the best way to proceed and prepare the documents for you and your husband.
If you would like a no cost private consultation to discuss the specifics of your situation, please feel free to call my office to schedule an appointment.
Re: Will, Living Will or Trust
The simplest thing you can do is to place your home into a living trust, which will provide for the distribution of the home after your deaths. That will help to avoid the probate system and the legal fees that come along with it. There are other things you can do as well; feel free to contact me if you would like to discuss them.
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