Probate is a frustrating, expensive and time-consuming procedure that begins once an individual passes away. If you are interested in protecting your estate and avoiding probate, the Law Office of Paul R. Kraft is here to help. As a qualified estate planning attorney in El Dorado Hills, I have extensive experience and comprehensive knowledge in probate law. I personally help you devise the best plan of action for your valuable assets. Now is the time to discuss your options for avoiding probate before it is too late.
Request a free estate planning consultation with my El Dorado estate planning firm by calling (888) 487-3361.
A living trust is one excellent option for avoiding probate. Together, we create this trust while you are alive. It becomes effective immediately, rather than after you pass away. A living trust is a legal entity that enables you to pass down your property in a private, effective, and prompt manner. Living trusts hold your valuable assets for the benefit of your beneficiaries (the ones who will inherit the property).
When you create a living trust, it is important to understand that in order for the assets to be included within the terms of the trust, you must individually transfer them into the trust. For example, if you buy a car and forgot to include it within the terms of your trust, it will not be associated with that legal entity; instead, it will either be included in your will, or distributed through the state's succession laws if a will does not exist.
Deciding to create a living trust may be one of the most important decisions that you make for your family. At the Law Office of Paul R. Kraft, I am committed to breaking down the legal terms to make them simple to access and understand. I then help you create an effective strategy to avoid probate. Not only are you avoiding probate, but you are helping your family avoid the fees involved as well as the time, frustration, and potentially destructive involvement of the courts.
Whether you are interested in beginning your case or you wish to understand more about avoiding probate, call my El Dorado Hills estate planning firm today.