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Wills & Trusts

     Few of us enjoy thinking about final preparations. Nonetheless, most of us would prefer that our assets be distributed as we intended and that our family and friends not be burdened with complicated and lengthy legal wrangling and avoidable costs and tax liabilities. More importantly, businesses such as partneerships and sole proprietorships can be damaged or destroyed when principals do not carefully consider the consequences of the untimely death of an owner.

      Preparing a proper will and/or trust can reduce or eliminate these problems and give you and your family a sense of security that your wishes will be honored and your assets will be safeguarded.

      The attorneys at Legal Associates Of California will take you step by step through the process of creating the proper documents and making sure that they are drafted in a manner that reflects your desires while avoiding needless costs and delays. Geoffrey Mason Ely will thoroughly review your family and business needs and draft the appropriate documents in consultation with you.

One Document Won't Do It All

That's right. To adequately protect your assets and see to it that they are distributed with the lowest tax burden and greatest flexibility several documents may be necessary.

      Even though a Revocable Living Trust has some significant advantages, it should only be drafted as part of a complete set of other legal instruments, including, but not necessarily limited to, a Pour Over Will, Power of Attorney, and Healthcare Directive.

CAN A LIVING TRUST BE ADMINISTERED WITHOUT AN ATTORNEY?

      A Living Trust, standing by itself, will not accomplish this! When we create a Revocable Living Trust, we also provide many other important companion documents.

      These additional documents contain instructions which will help you or your loved ones administer the estate. In other words a family can follow specific procedures without an attorney's help but may still need some minimal assistance if there are particularly complex trust instructions.

      After we have drafted the documents we will send annual reminders should there be specific matters that should be reconsidered in your documents. When the time comes and you or your loved ones must begin the administration process, our office will provide any additional guidance or support requested for reasonable fees.

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