Sacramento Estate Planning and Wills & Trust Attorneys
Why should you create an estate plan now? That's the easy questions – it is the same reason why we buy life insurance. We make the "how" and "where" to get an estate plan easy too. Our attorneys are focused on you and what you care about, so you can focus on more important things like when you child's soccer game is.
Will your family be able to handle the finances if you are incapacitated? Will they have to pay unnecessary taxes? These are just a few of the questions that the estate planning attorneys of Maloof Law Group, APC can answer.
We walk you through what you do need and what you do not need, so you can be confident about the future. Allow us to help you ensure that your property goes to the people you care about.
At a minimum, your family should have the following documents:
Our Trust Package includes all of the above at a very reasonable and competitive price. Please contact us
Your family may also be able to take advantage of additional tax savings through other types of trusts. A free consultation with one of our estate planning lawyers can help you determine affordable options for your property.
Sacramento Pour Over Wills Attorneys
The trust is "funded" by virtue of the creators of it transferring property into it. For real property, that means actually deeding the property into the trust's name, which you will choose. For other property, the trust will specifically acknowledge its inclusion. There is some property, however, that inevitably escapes inclusion, and this is why the pour-over will is important. The Pour-Over Will ensures that the assets omitted from the trust "corpus" are nonetheless distributed according to the trust's provisions. Without this piece of the package, your estate could remain subject to a probate proceeding, thereby incurring additional administrative expenses.
Have the Maloof Law Group, APC help you fashion an estate plan that is complete. Contact us
Sacramento Health Care Directives Attorneys
If you are alive but unable to convey your wishes regarding the health care you receive, your loved ones will be faced with the difficult task of determining your treatment without your guidance and direction. Unfortunately, this is usually a very emotional and stressful time, and some will want to "hold on" longer than others, or even you, would want. There is a delicate balance to be struck here, and the person most equipped for handling that balance is you through a well-drafted and thorough "Advanced Health Care Directive." That document will not only identify the level of care you wish to receive in the event your incapacity, but also discuss organ donation issues, cemetery arrangements, and other facets of this time of your life that is otherwise very stressful and uncertain for your family.
Your family and friends love you and want the best for you. Putting them in a position of having to guess your wishes or asking them to make decisions without your input that could leave them feeling guilty should not be options for you. Rather, contact Maloof Law Group
and have us help you consider your options and fashion your wishes in a way that is just-right for you and your family.
Sacramento Revocable Trust Lawyers
A revocable trust is the centerpiece of most estate plans. By placing assets and liabilities into the trust during your lifetime, the ultimate beneficiary of those assets becomes pre-determined. When you pass away, the "trust" lives on and the testamentary provisions allow the property to transfer to your intended beneficiaries. A revocable trust is fairly simple to set-up, but there are many options. Moreover, care should be taken in choosing your trustee(s) and, in some cases, your beneficiaries. If you intend to leave property to someone other than your "heirs apparent" (meaning someone other than your children, who are the typical choice), care should be taken in drafting to ensure your wishes are respected. Similarly, the trust should be drafted carefully as to detailing individual items of property you may wish to have pass to a particular person or entity.
For larger estates, the revocable trust does more than just cleanly permit property to pass without the hassle of a probate proceeding. In those estates, it also serves a tax saving, tax deferral, or tax avoidance strategy. These strategies are especially difficult to convey without a detailed consultation regarding your particular situation.
The revocable trust is the cornerstone of your estate plan. Whether your estate dictates the use of a revocable trust or perhaps a simpler will, do not allow the fate of your children and your possessions to be determined by a document produced by a cheap software program or online offering. Rather, contact Maloof Law Group
, APC today.
Sacramento Durable Power of Attorney Lawyers
The will or revocable trust package mainly pre-plan what will occur upon your death, but what if you remain alive but are unable to tend to your property, pay your bills, file your taxes, or otherwise conduct daily financial business? In this situation, you need a well-drafted Durable Power of Attorney. The "Durable" aspect of the document means that the document's instructions will survive your incapacity, meaning that the instructions can be relied upon even if you cannot affirm them to be consistent with your wishes.
Life is uncertain, and though it is sometimes not pleasant to speculate how or when it will end, it is prudent to consider all of the possibilities in order to not put your loved ones through additional hardship. A Durable Power of Attorney is yet another piece of that puzzle. Contact us
today in order to help one of our lawyers assist you.