If you do not currently have a Will, your loved ones may not receive the assets you wish to leave them in the event of your death. A Will is a legal document that sets forth your wishes regarding the distribution of your property and the care of any minor children.
Creating a Will gives you sole discretion over the distribution of your assets. It lets you decide how your belongings should be distributed. If you have a business or investments, your Will can direct the smooth transition of those assets.
Making a Will is a necessary and usually fairly simple process that can save your family time, money and grief as well as give you peace of mind. To maximize the likelihood that your wishes are carried out you need a Will; it is the best thing you can do for yourself. You need a San Diego attorney to help you write your Will. Contact the offices of Gordon G Meyer to set up an appointment to get started. Call: 619-855-4070
What Is a Trust?
A Trust is traditionally used for minimizing estate taxes and can offer other benefits as part of a well-crafted estate plan.
A Trust is an arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. Trusts can be arranged in many ways and can specify exactly how and when the assets pass to the beneficiaries.
Since Trusts usually avoid probate, your beneficiaries may gain access to these assets more quickly than they might to assets that are transferred using a will. Additionally, if it is an irrevocable trust, it may not be considered part of the taxable estate, so fewer taxes may be due upon your death.
Assets in a Trust may also be able to pass outside of probate, saving time, court fees, and potentially reducing estate taxes as well.
A Marital Trust is designed to provide benefits to a surviving spouse and is generally included in the taxable estate of a surviving spouse.
Having a Rancho Bernardo attorney help you with your Trust is beneficial to you.
Contact Attorney Gordon G. Meyer serving the communities of Rancho Bernardo, Rancho Penasquitos, Poway, 4S Ranch, Escondido and all of North County San Diego.