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A revocable living trust is created for the purpose of preventing estate planning procedures.
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Steveblisslaw estate planning attorney san diego A living will,also known as an advance directive,sets forth your wishes regarding what types of life-prolonging medical treatment you do,or do not,want in the event you become terminally ill or injured and are unable to communicate your wishes.
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Is it better to have a will or a trust? Deciding between a will or a trust is a personal choice,and some experts recommend having both.A will is typically less expensive and easier to set up than a trust,an expensive and often complex legal document.More details call estate planning attorney Steve Bliss now A living trust does not go through the estate planning process upon a person’s death,which can mean a faster distribution of assets to beneficiaries with no additional costs steveblisslaw Does Steve Bliss Law work in 4S Ranch? Yes,The Law Firm of Steven F.Bliss in an Estate Planning attorney in 4S Ranch.
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A last will can also deal with the care of any minor children (or adult children with disabilities).
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Steve bliss law san diego estate planning lawyer A trust administration is NOT a court-supervised process yet its ultimate goal is also the transfer of property from an individual who has died (the decedent) to that individuals beneficiaries who are identified in his/her revocable trust allows an individual or household to designate somebody else,usually a trusted daughter or son,to transfer property after they pass away without the need for a court order.
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A vital part of sensible estate planning is deciding not only who our beneficiaries will be,but likewise how,when,and why they will get our tradition.
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