May 12, 2016
Components of the Probate System
It is always important to be prepared for the future, and at The Ashcraft Firm, we stand ready to help our clients establish effective and legally sound trusts and wills that can protect their rights, property, and assets.
When you choose to work with our team, we will take the time to get to know you and your goals and create a personalized plan of action that helps meet your needs. You can potentially take numerous paths when you undergo the estate planning process, and a Temecula attorney from our staff can help you choose the most beneficial option.
The Ashcraft Firm can help you understand the various components of the probate process, complete an estate plan, and assist you with the following:
- California living trust – A living trust establishes the creator of the trust as the trustee and enables him or her to manage all property and assets within the trust. The trustee will also name a successor who will take over the trust when the trustee passes. Upon the trustee’s death, the successor may be able to bypass a good portion of probate taxes and fees.
- Pour-over will – A pour-over will helps the designator name guardians of minor children and acts as a catch-all for any assets that were not named or funded in the original trust. Pour-over wills may be a good option for families with young children or extensive assets.
- Durable power of attorney – Designating a loved one to manage your affairs when you are no longer able to is important, and The Ashcraft Firm can help you grant power of attorney to a person you trust. Establishing this power will help you obtain peace of mind that your assets will be handled properly.
- Healthcare directive – If there ever comes a time in your life when you are unable to make medical decisions for yourself, having an effective healthcare directive will greatly benefit you. This type of directive will name a loved one to handle all medical concerns to your wishes and handle your remains after you have passed.
- HIPAA authorization – The Health Insurance Portability and Accountability Act (HIPAA) was created to help ensure that health information was not disclosed without the insured’s knowledge. This legislation can create particular complications depending on your situation, so you need to ensure that a knowledgeable attorney is on your side.
Trust Administration Guidance
In addition to establishing trusts and developing legally sound wills, The Ashcraft Firm can help individuals who have been named trust administrators complete their legal duties. We are aware that you may have questions or concerns regarding the administration of a trust, and our dedicated legal team is here to help.
If you are ready to get started, contact The Ashcraft Firm and speak with a trusted legal professional from our staff. We provide free case evaluations to all potential clients, so schedule your consultation today!
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