The Estate Plan:
A living trust is a legal document that contains your instructions for what you want to happen to your assets when you die. A living trust avoids expensive probate at death, controls all of your assets and can prevent the court from controlling your assets if you become incapacitated.
Benefits of Having a Trust
A trust helps you avoid probate (including multiple probates if you own property in other states), save in taxes, provides maximum privacy, is relatively inexpensive, is easy to set up and maintain, and provides quicker distribution of assets to your loved ones.
Burdens of Not Having a Trust
Not having a trust will expose your loved ones to the very expensive probate process which can take up to 18 months or longer; your assets will not be kept confidential, attorney fees will be paid from your estate along with court costs, and sadly assets are distributed according to state law, not your wishes. Sometimes relatives you do not know (or care for) can end up with a large part of your estate.
Typically, it only takes a few weeks to prepare the legal documents after you provide all the necessary information to begin drafting your estate plan. We can streamline the process to make it as fast or as slow as you would like. The quickest we have been able to provide an estate plan was in two days!
At Kennedy Law Group, P.C. we assist you with every aspect of your estate planning needs. Our firm believes a carefully conceived estate plan can be one of the most important gifts you give to yourself and your loved ones. For this reason, we assist clients with estates that vary from large to small. Unlike other firms, our clients can be anyone regardless of socio-economic status. Our flat fees and payment plans allow flexibility for virtually anyone to obtain an estate plan to protect their family. We are committed to making sure you have a stress-free estate planning experience.
For a free confidential consultation, call Kennedy Law Group, P.C. today at (888) 392-8880. We would be delighted to assist with your estate planning matter.
We have offices in Valencia and Century City.