This is such a great video and thank you for putting this information out. I needed this.
@HB-yq8gy2 жыл бұрын
How do you know you found the right lawyer with the basic estate planning protections? It seems they all lean towards a trust & the boogie man probate is the driver.
@CunninghamLegal2 жыл бұрын
Look for an Estate Planning Attorney who is also a Certified Specialist.
@HB-yq8gy2 жыл бұрын
@@CunninghamLegal Our testamentary trust is fine for now.
@leelowe84822 жыл бұрын
Yes
@mikekorn6968 Жыл бұрын
I'm in Auburn CA. & am named as trustee for my parents Living Revocable Trust and soon will need administrative help. I'd like the consultation as I'm slowly assembling my team. Thank you
@CunninghamLegal Жыл бұрын
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
@janaaranda9042 Жыл бұрын
If you have an IRA but you don’t have but $20,000 in it is it best to sell it and put it in your regular savings account to keep from having to go through that IRA stuff or forms etc.
@CunninghamLegal Жыл бұрын
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
@spikermike28434 ай бұрын
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.
@vmobile8902 ай бұрын
@@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 .
@maryr759311 ай бұрын
Have you covered how to leave money for the care of pets?
@CunninghamLegal11 ай бұрын
We have! Here is our video on Pet Trusts: kzfaq.info/get/bejne/o757f7Oe0NC3nJ8.htmlsi=l4jmgkuSF3kA-DWu
@sherrykreminski47713 жыл бұрын
Thank you for this information
@mag-ls9jg3 ай бұрын
Even tho California has no asset limit for medi-Cal Beneficiaries, Medi-Cal requires you report 100% of your inheritance within 10 days. How can you do this within 10 days when it takes months? Covered California, on the other hand, says you don’t have to report when you receive and inheritance, but have to report when you sell an asset. Why the discrepancy?
@CunninghamLegal2 ай бұрын
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.
@andreag86664 ай бұрын
My parents owned the property originally. They divorced. Daughter purchased the property at 550,000. The father then put the property back into his name, but did not release the title back before prop 19. If the daughter takes it back, will the assessment go back to the original $60,000 purchase or from her purchase at 550,000? This property is in LA County.
@CunninghamLegal4 ай бұрын
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.
@maryr759311 ай бұрын
What if there is no person to name as executor or trustee? Can you name a company to do this for you?
@CunninghamLegal11 ай бұрын
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
@lettybee77646 ай бұрын
What is the advantage of quit title vs revocable living trust
@miladorotea23382 жыл бұрын
No but planning to
@CunninghamLegal2 жыл бұрын
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/
@kiranwingelaar70092 жыл бұрын
Do you work with clients in Michigan. Can LLCs for rental properties be done with a paralegal? Or do they require an attorney?
@Instkarma9765Ай бұрын
I’m single, 65, no children. I own a one bedroom condo… i have some brokerage accounts but my estate is not complex. Shall i pay $2,500-4,000 for an estate plan? I think this is an unreasonable amount for my situation.
@CunninghamLegalАй бұрын
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.
@mariongreen9065 Жыл бұрын
I am a trustee of a private express trust
@CunninghamLegal Жыл бұрын
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/
@sherrykreminski47713 жыл бұрын
Are you located in California??
@allielee6533 жыл бұрын
Yes
@joetotin86652 жыл бұрын
Yes I have one
@stanleavell78612 жыл бұрын
Can a underwriter Do a will and a Trust
@CunninghamLegal2 жыл бұрын
Hi Stan, only licensed attorneys should prepare Wills and Trusts.
@papajoe53312 жыл бұрын
would it be wise to add an addition LT? we do have one in place with other property which my bro and sis will take...my dad is wanting to give me the property now but taxes will kill me... I am looking to put assets to work.. should I draw up a new trust on just the property he is giving me?
@CunninghamLegal2 жыл бұрын
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/
@Instkarma9765Ай бұрын
What are your thoughts on using the online platform Trusts&Wills?
@CunninghamLegalАй бұрын
Please see our updated video for a deeper dive to the online platforms: kzfaq.info/get/bejne/h5udZNyfsb6noo0.html
@OrimarDez Жыл бұрын
Do you still offer consultations? Also if I am in AZ can you still assist me?
@CunninghamLegal Жыл бұрын
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!
@richardbranch94523 жыл бұрын
Was this live?
@CunninghamLegal2 жыл бұрын
Yes, all of our webinars are recorded Live. You can register on our website: www.cunninghamlegal.com/webinars/
@Instkarma9765Ай бұрын
I’m located in Los Angeles county. Can you let me know how much you would charge to put together a simple trust and pour over will? Single, no children, only one bedroom condo.
@CunninghamLegalАй бұрын
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