california estate planning basics

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technical assistance to planning agencies throughout California.

I wrote it because there isn’t a California-specific estate planning book out there, and we, as Californians, have some special things to deal with. Basic Estate Planning Documents Three legal documents are often the first considered in a basic estate plan: Will : A will directs who will receive the testator’s (writer’s) money and property after death, names preferred guardians for surviving minor children and nominates an executor to manage the estate through the probate process. Important: The California Attorney General does not give legal advice to individuals. I wrote it because there isn’t a California-specific estate planning book out there, and we, as Californians, have some special things to deal with.In addition to an introduction to wills and trusts, what probate is and how to avoid it, and how to pick guardians for your minor children, this book also discusses these California-specific issues (and many others):I hope you enjoy it and, if you do, I hope you’ll help me to get the word out about it by posting a positive review on

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There are three, primary levels of estate planning available in California. But once you start looking around, you might be surprised by all the tangible and intangible assets you have.Once you inventory your tangible and intangible assets, you need to estimate their value.

Regardless of where you live, you should have several basic estate planning documents in place: a will, a durable power of attorney for finances, and a medical directive.

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1 Estate Planning 101 Dale B. Cazes, Esq. Planning, Zoning and Development Laws. All financial products, shopping products and services are presented without warranty. These beneficiary designations actually trump your will!

For some assets, outside valuations like these can help:When you don’t have an outside valuation, value the items based on how you expect your heirs will value them. Understanding the basics of estate planning. Estate planning can be a complex process, but you can make it easier with the support of capable, experienced professionals. It’s important to have an estate plan. The key question to ask yourself is: How do you want your assets distributed if you die or are incapacitated?You may think you don’t have enough to justify estate planning. Trusts and Estate Planning Basics. And these fees are for ordinary work.

Regardless of where you live, you should have several basic estate planning documents in place: a will, a durable power of attorney for finances, and a medical directive.

The Complete Guide to Planning Your Estate In California A Step-By-Step Plan to Protect Your Assets, Limit Your Taxes, and Ensure Your Wishes Are Fulfilled for California Residents (Back-To-Basics) [Ashar, Linda C.] on Amazon.com.

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back. Even though you won’t owe estate tax to the state of California, there is still the federal estate tax to consider.

For more information, go to Attorneys/Lawyers page or visit the California State Bar website. WITH OUR GROWING FAMILY IT'S GREAT TO KNOW THAT OUR CHILDREN WILL BE PROTECTED IF SOMETHING HAPPENED TO ME AND MY HUSBAND, AND WE CAN THANK MAX FOR THAT FEELING OF PROTECTION! is an important tool designed to help land use officials and planning professionals keep abreast on ever-changing land use laws and regulations. OLLI.

Contact me with your podcast/ blog questions or suggestions for future articles and podcast episodes. Trust and Estate Litigation Attorneys Serving Southern CaliforniaWhether you are attempting to defend an estate against a dispute, or you are looking to challenge I started Life/Death/Law because I think estate planning isn't really about the documents that lawyers create--it is about the conversations we all need to have about dying with grace and living with purpose.

HE ANSWERED ALL OF OUR RIDICULOUS QUESTIONS AS MY HUSBAND AND I HADN'T EVER THOUGHT OF HAVING A TRUST AND HAD NO IDEA WHAT WE WERE DOING. This can help ensure your possessions are distributed equitably among the people you love.Once you have a sense of what’s in your estate, think about how to protect the assets and your family after you’re gone.A complete estate plan includes important legal directives.Your will and other documents may spell out your wishes, they may not be all-inclusive.Estate planning is often a way to minimize estate and inheritance taxes.

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Probate Code § § 10810, 10811) sets out the percentages:  Lawyers aren't required to charge a percentage fee, but most of them do, because it usually results in a nice fee for not a lot of work. You don’t have to be rich to need estate planning. And if you live in California, a prosperous state with sky-high real estate values in its urban areas, it's an especially good idea to also think about planning to avoid probate after your death.California has an unusual system of compensating probate lawyers. Estate Planning Basics. This experience allows our attorneys to foresee issues before they arise when drafting your customized and tailor made estate plans, saving you and your family the expense, and frustration associated with costly litigation.Max Alavi has been named to the Top 100 Registry of Business Leaders And Professionals 2018© 2019 MAX ALAVI Attorney at LAW, APC.

My new book, Every Californian’s Guide to Estate Planning is available now and I’m excited to share it with all of you. You want to make sure the assets you’ve worked so hard to accumulate during your lifetime go to the people or organizations you care about.

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