Estate Planning Solutions
Estate planning solutions are tools and strategies for managing and distributing your assets and personal affairs during your life and after your death or incapacitation. These solutions include creating legal documents like wills, trusts, and powers of attorney, and establishing healthcare directives to ensure your wishes are followed, minimize taxes and legal complications, and provide for loved ones. Estate planning ensures your wishes are followed and provides clear instructions on how your affairs should be handled, reducing uncertainty. Estate planning minimizes legal and financial burdens and helps avoid lengthy and costly probate processes and reduces potential conflicts among family members. Finally, estate planning provides peace of mind.
In California, an Advance Health Care Directive is a legal document that allows you to appoint someone to make medical decisions for you if you're unable to do so yourself, and to express your preferences for medical treatment, including end-of-life care. It combines elements of a living will and a medical power of attorney. This document ensures your wishes are known and followed when you can't communicate them directly.
Testament Concierge services include:
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Prepare the Health Directive document.
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General Health directives.
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Mental Health directives
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Pregnancy Options (Optional)
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Religious Observance (Optional)
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Burial Instructions (Optional)
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Portability (Optional) (Premium)
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$145
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A last will and testament is a legal document that outlines how a person's assets and property should be distributed after their death. It also allows individuals to name guardians for their minor children and designate an executor to manage the estate and carry out their wishes. In essence, it's a way to ensure your wishes are followed regarding your possessions and loved ones after you pass away. Creates a legally binding document that guides the probate process (the legal process of administering a deceased person's estate). In California, wills are subject to probate when the estate's assets are under a certain value, or when assets are held in ways that bypass probate. Specifically, if the total value of the probate estate (excluding assets with beneficiary designations) is less than $184,500, a small estate affidavit can be used, or if the estate is less than $184,500 and doesn't include real estate worth more than $61,500, a small estate affidavit can be used to avoid formal probate. Additionally, assets with beneficiary designations (like life insurance or retirement accounts) and assets held in trusts bypass probate, regardless of the will.
Due to average property values in California most estates that include real property will not be exempt from a probate proceeding. In California, the probate process for a will typically takes nine months to 1.5 years. The cost can range from 4% to 7% of the value of the estate. Time and cost are based on the complexity of the estate, its size, and its value.
Testament Concierge services include:
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Prepare the last will and testament documents ready to be witnessed.
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Provide multiple copies of the will including one for submission to the probate court.
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Provide a set of instructions for probating of the will.
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$545
Revocable Living Trust--Single
A revocable living trust in California allows you to manage and distribute your assets while avoiding probate. It's a legal document that holds your assets, like real estate, bank accounts, and investments, and dictates how they should be managed during your lifetime and distributed after your death. You retain control of the assets and can amend or revoke the trust at any time while you are alive and competent. The primary benefit is that assets held in the trust bypass the probate process, which can be time-consuming, costly, and public. You can amend or revoke the revocable trust at any time during your lifetime, as long as you are mentally competent. Unlike a will that is individual’s wishes, a joint trust can express the wishes of a couple.
Testament Concierge services include:
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Create the Revocable Trust per your instructions.
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Prepare the Trust Documents ready to be notarized.
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Prepare a Pour-Over Will to cover any contingencies not enumerated in the Trust, ready to be witnessed.
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Fund the trust-Quit Claim Deed for your primary real property, ready for you to file.
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Fund the trust-Instructions to communicate with your mortgage company.
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Fund the trust-Complete a Preliminary Change of Ownership form to be filed when your quit claim deed is filed.
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Complete Guardianship documents, per your instructions. (Optional)
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$745
A revocable living trust in California allows you to manage and distribute your assets while avoiding probate. It's a legal document that holds your assets, like real estate, bank accounts, and investments, and dictates how they should be managed during your lifetime and distributed after your death. You retain control of the assets and can amend or revoke the trust at any time while you are alive and competent. The primary benefit is that assets held in the trust bypass the probate process, which can be time-consuming, costly, and public. You can amend or revoke the revocable trust at any time during your lifetime, as long as you are mentally competent. Unlike a will that is individual’s wishes, a joint trust can express the wishes of a couple.
Testament Concierge services include:
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Create the Revocable Trust per your instructions.
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Prepare the Trust Documents ready to be notarized.
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Prepare a Pour-Over Will to cover any contingencies not enumerated in the Trust, ready to be witnessed.
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Fund the trust-Quit Claim Deed for your primary real property, ready for you to file.
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Fund the trust-Instructions to communicate with your mortgage company.
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Fund the trust-Complete a Preliminary Change of Ownership form to be filed when your quit claim deed is filed.
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Complete Guardianship documents, per your instructions. (Optional)
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$745
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