Look for an Estate Planning Attorney who is also a Certified Specialist.

@@CunninghamLegal Our testamentary trust is fine for now.

We are here to help. Our Corporate office is based out of Auburn, CA. Here is the contact information for that office: www.cunninghamlegal.com/living-trust-and-estate-planning-attorneys-auburn-california/ (530) 269-1515 Additionally, here's a video on What Happens in a Trust After Death or Incapacity so you feel best prepared for what comes next: kzfaq.info/get/bejne/b9GndLqjla7PdIk.html

If you don’t plan properly, a whopping 90.3% of your IRA can go to taxes when you pass it on to your loved ones! Here is a link to an article that explains an estate planning strategy to protect your IRA: www.cunninghamlegal.com/ira-legacy-trusts/ For a consult with one of our attorneys please visit: www.cunninghamlegal.com/california-law-offices/contact/ or give us a call at 866.988.3956

I think it is the complete opposite :). IRA and other retirement accounts by nature have beneficiaries already declared, and so they will never need to go through probate = distributions will happen directly to the beneficiaries. Bank accounts, however, don't always are the POD (payable-on-death) type where beneficiaries can be declared. In this case these bank accounts will end up going through probate if not listed as trust assets.

@@spikermike2843 Thank you the first post don’t like take the ira money would cause taxes and put in bank savings loose intrest on what a ira presently getting .

We have! Here is our video on Pet Trusts: kzfaq.info/get/bejne/o757f7Oe0NC3nJ8.htmlsi=l4jmgkuSF3kA-DWu

There are different types of Medi-Cal and the rules are complex and often don’t make sense. www.canhr.com is an excellent resource.

If it is the family home (or farm) it may qualify in full or in part for the family home reassessment exclusion under Prop 19. Please check out our recent video on Prop 19: kzfaq.info/get/bejne/nbaKhNKftrOcon0.htmlsi=fapeWeAYGKylFBsw or contact our office.

Yes, professional Trustee services can be an option! Please see this video on Educating Your Future Trustees for more information: kzfaq.info/get/bejne/q6dzjZhqqb6wqX0.htmlsi=vV3NuWAw-AI0GqHa

Great idea! It is never to late to safeguard you and your families assets. When your ready, we will be happy to start the conversation with you. Please use the link to book an appointment. www.cunninghamlegal.com/book-your-appointment/

Thank you for sharing your situation. While the cost of an estate plan may initially seem high, it's essential to consider the top 3 potential savings and benefits a living trust can offer: Designating Beneficiaries: With a living trust, you can clearly designate who will receive your assets, ensuring your specific wishes are honored. Without a plan, California intestacy laws and Probate Court would govern your estate, potentially passing your assets to parents, siblings, or more distant relatives, which might not align with your wishes if you wanted assets to go to friends or charitable organizations. Cost of Probate: Probate can be a lengthy and costly process, often amounting to 4-8% of your estate's value in fees. Probate fees are calculated based on the gross value of your estate, not the net value. For example, if you own a condo worth $500,000 with a $200,000 mortgage, probate fees could be assessed on the full $500,000 value, not just the $300,000 equity. This could mean $20,000 to $40,000 in probate costs, significantly higher than the cost of setting up a living trust. And that's just the condo! In Probate, fees will be based on all assets, including the brokerage accounts. We have a probate fee calculator on our website so you can see the difference: www.cunninghamlegal.com/california-probate-fee-calculator/ Incapacity Planning: Incapacity planning is crucial as it designates someone you trust to manage your financial affairs and healthcare decisions if you become unable to do so, preventing court intervention and potential familial disputes. It also allows your medical preferences to be honored and provides peace of mind that your affairs are in order.

CunninghamLegal provides complete Trust Administration Services in California, regardless of where you as a Trustee are located-and we often work with people located out of state. Please consider contacting us right away when you become the Trustee of an Estate in California: www.cunninghamlegal.com/california-law-offices/contact/ Every day our offices work with heirs and trustees who have gotten themselves in a bind, and sometimes even legal trouble, because of the way they have misunderstood the steps they had to take. If they had come to us earlier, much strife could have been avoided. We have offices throughout California, and we offer in-person, phone, and Zoom meetings. Just call (866) 988-3956 or book an appointment online: www.cunninghamlegal.com/california-law-offices/contact/

Yes

Hi Stan, only licensed attorneys should prepare Wills and Trusts.

You should reach out to us, there may be a way to minimize taxes and provide creditor protection if your father is looking to transfer the property to you. Book a free 15 min call with one of our client specialists here: www.cunninghamlegal.com/book-your-appointment/

Please see our updated video for a deeper dive to the online platforms: kzfaq.info/get/bejne/h5udZNyfsb6noo0.html

Hi, yes we are offering consultations! If you have any California assets or connections to California, it's possible we can help you! Please contact us using the form on our website or calling our main office line: www.cunninghamlegal.com/california-law-offices/contact/ or 866.988.3956. We look forward to speaking with you!

Yes, all of our webinars are recorded Live. You can register on our website: www.cunninghamlegal.com/webinars/

Thank you for your interest in our services. Unfortunately, we can't provide quotes on KZfaq because we need to fully understand the facts of your estate, which can be more complex than it may seem. This can be resolved during an initial consultation, where we can discuss your needs in detail. During the consultation, you might find that you're interested in additional services such as asset protection, tax planning, and more that we offer. Please contact us to schedule an appointment or watch our recent video where we give hypothetical examples: kzfaq.info/get/bejne/h5udZNyfsb6noo0.html