Thinking about the future – especially one where you’re not around – can be daunting. Estate planning is commonly thought of as something that only people who are at the end of their lives have to do, but that simply isn’t true. Estate planning is important for those of all ages and wealth ranges who have loved ones and assets they want to keep protected from whatever the future holds! 

At Equal Justice Law Group, our skilled Elk Grove will and trust lawyer will simplify the estate planning process and give you the tools you need to face the future with confidence! Our team is friendly and approachable, and we limit our use of confusing legal jargon because we want our clients to feel as comfortable as possible while working with us. Instead, we strive to communicate with you in an easily understandable way that gives you peace of mind. 

If you’re ready to learn more about how our legal representation can make a difference in how your future unfolds, call today to schedule a consultation. We look forward to speaking with you!

Wills And Trusts Are Most Powerful When They Are Used Together. 

Many people make the unfortunate mistake of thinking they only need a will or only need a trust. The truth is that both are necessary! Wills and trusts are two different things that serve two different purposes. 

You are likely already familiar with wills – they are the document in which you express your final wishes. It outlines the distribution of your assets after your death and appoints guardians for minor children. Its contents generally include:

• Designation of an executor who carries out the provisions of the will
• Beneficiaries (heirs) who will inherit your assets 
• Instructions for how and when your heirs will obtain the assets
• Guardians for any minor children you have

Another mistake that many people make is thinking that having a will keeps their estate out of probate, which is an incredibly complex, expensive, and time-consuming court procedure. The only way to keep your assets out of probate is to protect your assets in a trust, which is a financial entity separate from your estate, which “owns” your assets.

There are many different types of trusts, and our Elk Grove will and trust lawyer can help you determine which one is right for your specific financial circumstances and goals. Some options might include:

• Revocable living trust
• Irrevocable living trust
• Special needs trust
• Spendthrift trust
• Asset protection trust
• Charitable trust
• And more. 

Our Experienced Elk Grove Will And Trust Lawyer Help You Clarify Your Goals

Wills and trusts are extremely personal, and that’s why they’re important to have. If you don’t take the time to clarify your wishes in a legally valid way, then someone else will be the one to make those decisions – most likely, a judge who does not know you or your family. 

Working with our Elk Grove will and trust attorney to finalize your goals:

• Ensures the seamless distribution of your assets after your death
• Ensures that any minor children you have are provided for
• Ensures your privacy is protected
• Ensures your assets are managed if you become incapacitated
• Maximizes your tax benefits
• And more!

Move Forward With Equal Justice Law Group And Take Control Of Your Future

At Equal Justice Law Group, we invite you into the process of drafting your will and trust, rather than just doing it for you with no explanation. Our Elk Grove will and trust lawyer will work alongside you, ensuring that everything you care about most is protected. Moreover, we make it easy for you to make revisions later on down the road if your goals should change or your family dynamic shifts. Call today to book your consultation and learn more about your options!

Frequently Asked Questions About Wills And Trusts In Elk Grove, CA

What happens if someone dies without a will or trust?

This scenario is what’s known as dying “intestate.” Each state has its own laws when it comes to intestate succession – or, how the decedent’s assets should be distributed in the absence of a will or trust. The decedent’s family does not get a say in how the assets are distributed. 

What assets can be placed in a trust?

Real estate, bank accounts, investment accounts, retirement accounts (in some cases), life insurance policies, business interests, personal property, vehicles, intellectual property, savings bonds, and treasury bills. 

Can I draft my own will and trust?

DIY estate planning is not recommended. Wills and trusts are legal documents that, if not done the right way, won’t hold up in court. It’s best to work with our Elk Grove wills and trusts attorney, who has nearly 30 years of experience and can give you peace of mind that your loved ones and your estate are protected!