Estate Lawyer
It’s always a good idea to make sure that you and your family are taken good care of if something unforeseen happens to you. Our estate lawyer in Beverly Hills, CA at Inter Vivos, PLLC specializes in aiding our clients with the process of doing so. Estate planning can be a long and complicated set of tasks to complete, especially if you are not familiar with the process. There are many laws that you need to be aware of that apply to your estate. However, it is a process that should not be delayed. It is also not just a task that is reserved for the wealthy either. Anyone who owns assets can benefit from estate planning, especially if they plan to hand them down to certain beneficiaries. While it’s great to handle things that don’t affect you right now, it’s critical to ensure that the appropriate choices for your estate’s future have been made.
Our estate lawyer Beverly Hills, CA can handle the complicated process of estate planning for the disposal or distribution of property upon death, and the management of property in the case of incapacity while representing people, businesses, and families. Estate planning is not something that you should attempt to do if you have little knowledge about it. It is a time-consuming and complex process that is often challenging to do for the average person. With an estate lawyer there to assist you every step of the way, you can make a plan that serves all of your needs. They know what makes a strong estate plan and can help guide you so that you can accomplish your goals.
What is an Estate?
The assets that a deceased holds at the time of their death are referred to as their estate. The court appoints an executor or administrator to handle the decedent’s assets, pay creditors, and eventually transfer assets to the beneficiaries. When there are disagreements between interested parties over an estate and no agreement can be reached, it may be essential to go to court. For example, if a will is contested they will determine how to resolve the issue. Any estate-related action taken to probate court is referred to as estate litigation.
Estate planning is a way of having control over your estate once you pass away. The court will need to refer to your estate plan to distribute your assets. Making an estate plan may not guarantee that the estate will not need to go through the probate process altogether, but it makes it much easier for your loved ones. These preparations are vital to genuinely safeguard your possessions and family, make choices on your behalf, and ensure that a long probate procedure is not required when dealing with specialists.
Whether or not the decedent has a will, estate disputes can arise. There could be unexpected issues that may arise, so you need to have a plan in place in the event of one. If there is an issue regarding your estate, you can turn to a lawyer for legal assistance. You may require our Estate Lawyer Beverly Hills CA from Inter Vivos, PLLC for any estate planning or disputes.
The Benefits of Having an Estate Plan
Having an estate plan has numerous benefits, not just for you but for your beneficiaries and loved ones. When there is a plan in place to address the needs of your estate, then there will be less disruption from the court. It also gives your loved ones peace of mind knowing that they will not have to guess what your wishes are, and how to best distribute your assets. Using the services of a skilled estate lawyer has numerous distinct advantages:
- Reduce taxes as much as possible.
- Protecting Assets
- Fair distribution
- Putting together tax returns
- Estate administration and probate
- Trust formation
- Create limited liability businesses and limited partnerships for your family.
- Putting together financial powers of attorney and other financial documents
- Advance Health Care Directive – This document designates someone to act on your behalf under a power of attorney for any health-care choices that may be required.
While many people are tempted to generate these papers on their own, the fact is that there is no set formula or one-size-fits-all technique that can be used. Every estate plan is unique because everyone has a unique estate and different goals that they want to achieve. You may want to include certain things that are not present in another person’s estate plan, such as a trust fund. Setting up an estate plan can be overwhelming, especially if you have many assets or many loved ones that you want to transfer assets to. You should take your time when you are making an estate plan, however. It’s a complicated procedure that takes a variety of factors into account. If you ever feel stuck or run into an issue, you can contact an estate planning lawyer for detailed legal assistance. Consulting an expert lawyer to assist establish an estate plan that achieves exactly what you want is the greatest way to properly ensure that your family and possessions are secured.
Contact our California Estate Lawyer
The most crucial thing in your life is your family. Their requirements and comfort will always take precedence. You understand your duty in safeguarding their safety and well-being, which is why you want to speak with an estate planning lawyer. Sadly, you may have ignored making the necessary arrangements for their future if you are no longer involved. This is arguably the biggest blunder you can make. Luckily, you can turn to an estate lawyer sooner than later to get started with planning.
If you do not want the fate of your estate left for the court system to decide, it is recommended that you create an estate plan. You need to do so early while you are healthy and can make clear decisions. It’s fine if you are not exactly sure how you want to develop your estate plan, because a lawyer will be able to offer their guidance. If you don’t arrange ahead of time for the needs of your loved ones, the judges and California law will undoubtedly do it for you, and the manner your hard-earned assets are distributed may be contrary to your preferences.
Contact an estate lawyer Beverly Hills, CA residents recommend from Inter Vivos, PLLC today for further information.