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ESTATE PLANNING SERVICE
Estate planning is the creation of a definite plan for managing your wealth while you’re alive and distributing it after your death. These assets may be owned by you separately or jointly with others.
Estate planning is the preservation and the distribution of your assets, both during your life and upon your death. It is accomplishing your personal and family goals and easing the management of your financial and legal affairs, as well as minimizing taxes if your estate is large enough for taxes to be of concern.
When we talk about an estate, we mean all assets of any value that you own, including real property, business interests, investments, insurance proceeds, personal property and even your personal effects. An “estate plan,” generally, refers to the means by which your estate is passed on to your loved ones on your death. Estate planning can be accomplished through a variety of methods, including:
In California, the probate code sets a statutory fee for attorneys and executors for the administration of an estate. Many families are shocked to learn just how much the probate process will cost them, often leaving them with a much smaller inheritance than they’d expected.
Use our calculator below to estimate Probate fees for estates over $184,500, but less than $10,000,000.
Probate fees are set by California Probate Code Section 10810.
Protect Your Family's FutureDownload our free "Protecting the Future" worksheet to get started!
Elder Law and Medi-Cal Services
Elder Law involves planning for the complex health care, long-term care, and other issues facing elderly and disabled individuals and their families. Studies show that we stand a 40 percent chance of needing long-term care at least once before we die. Therefore, everyone should take into account that at some point residency in a nursing home or an assisted living facility may be needed.
However, the substantial cost of nursing home care for an incapacitated person can wipe away a family’s nest egg and the inheritance planned for surviving family members. The primary alternative to privately paying the nursing home is Medi-Cal.
Blog Author: Tereina Stidd, J.D., LL.M. (Tax), Associate Director of Education, American Academy of Estate Planning Attorneys, Inc. Creating an
Attorney Maggie A. LaBranch-Gonzales is now certified by the California State Bar Board of Legal Specialization as a Legal Specialist in Estate
Blog Author: Tereina Stidd, J.D., LL.M. (Tax), Associate Director of Education, American Academy of Estate Planning Attorneys, Inc. As most
Thank you for helping us raise over $3,200 to help end Alzheimer’s! We are passionate in our support of the Alzheimer’s Association and have
On Friday, October 21, 2022, LKA Attorney Maggie A. LaBranch-Gonzales welcomed Certified Financial Planner Glenn Young of Concentrum Wealth
Blog Author: Tereina Stidd, J.D., LL.M. (Tax), Associate Director of Education, American Academy of Estate Planning Attorneys, Inc. Paul Newman,
Blog Author: Tereina Stidd, J.D., LL.M. (Tax), Associate Director of Education, American Academy of Estate Planning Attorneys, Inc. Shortly after
The revocable living trust is a very versatile estate planning tool that can be the ideal choice for a wide range of people. Before we look at the
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