14 June 2013 0 Comments

Wills and Trusts

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Wanting the best for your family is only natural; providing the best for them when you are no longer here requires planning, looking for a positive outcome.

Estate planning isn’t about how much money you have; it’s about protecting what you have during your life and for those you love after you’re gone. It ensures that your assets and property get to the people you love, the way you want, when you want.

A will is a legal document that states to whom your assets and property will go after you die. A proper will can save your loved ones stress, time, expense, and grief by eliminating the need for a protracted probate process.

Probate is how the court distributes your estate assets; it could take a very long time before your heirs receive what you’ve left them. Establishing a will can protect your interests and provide your family with clear direction for the future.

A living trust is essentially an agreement where a trustee (someone you appoint) hold property for the benefit of someone else or yourself. It allows property to pass without being subject to probate – avoiding the costs associated with probate. In addition, unlike a will, a trust can remain private.

By using a trust you may be able to minimize taxes – leaving a larger inheritance for your loved ones.

A Riverside Estate Planning attorney at the Holstrom Family Law offices can help you manage your assets while alive, protect your assets in the event that you become sick, and provide for the care of your family after you are gone, Contact our office to discuss your questions with a Riverside County estate planning lawyer. We are available by phone at (866) 930-1949 during regular business hours.

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