Planning your estate requires much more than just figuring out your will.
The purpose of an estate plan is to help you understand your financial
needs and ensure your heirs are provided for in the best possible way.
An estate plan not only makes the process of distributing assets and legacy
wishes easier, but can also help you and your heirs pay significantly
less in taxes, fees, and court costs.
No matter where you reside, it’s important to have access to
estate planning documents like your will, power of attorney for your finances, and a medical
directive. California law dictates who will take responsibility for your
personal care and assets in the event you are deceased or incapacitated.
This is why estate planning is so important; it ensures your directives
are followed and legally protected after your death or incapacitation.
For those of us living in California, it’s a good idea to think about
how to avoid
probate after death. Probate is the process of authenticating a person’s
last will and testament. This includes locating and determining the value
of the deceased or incapacitated individual’s assets, paying their
final bills and taxes, and distributing the rest of the estate to the
rightful heirs or beneficiaries. In California, probate lawyers can charge
a percentage of the gross value of assets that go through probate. These
percentages are usually:
- 4% of the first $100,000 of the gross value of the probate estate
- 3% of the next $100,000
- 2% of the next $800,000
- 1% of the next $9 million
- .5% of the next $15 million
Call (714)-908-4230 to learn more about our competitive probate rates!
Do I Need a Lawyer to Plan My Estate?
While you do not technically need an attorney to plan your estate, it is
highly recommended that you get legal advice. Estate planning law can
be complex, and the deadlines for filing can sometimes be confusing. At
P. Arnsen Blakely, our probate & estate lawyer has been practicing
since 1971 and has intimate knowledge of estate planning law and the procedures
involved in administrating your estate.
Contact our Orange County estate planning attorney
to find out how we can serve you!