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We have a low price guarantee. Simply Stated: We will beat all quotes from other Estate Planning Attorneys. Just show us a signed quote for the same package of trust documents or power of attorney. We will beat that price by $100.
A living trust serves as a wonderful insulating layer of privacy. It will keep your estate out of the court system. It saves the fees that would be charged by the probate court. These fees are avoided to be passed on to your selected beneficiaries.
Too many people make the mistake of believing that merely having a will is enough to avoid probate. This is a trap for the unwary. In California, the mere value of assets exceeding $150,000 is enough to trigger probate. Probate is an expensive result.
Only a living trust can provide you with a feeling of security. You can rest comfortably, knowing that your wealth will pass to your beneficiaries.
We have a low price guarantee, simply stated: If you present us with a signed written quote for attorney fees for the same package of trust documents from another California law firm for a better price, we will beat that price by $100.
Complete Living Trust - Singles
Complete Living Trust - Couples
Estate Planning Attorney Paul Hanks has been a licensed Living Trust Attorney in California for over 27 years. Attorney Hanks prides himself on client contact and satisfaction. He has very extensive experience in drafting comprehensive, ironclad living trust packages. Best of all, he offers affordable rates. Paul Hanks is extensively published. In a recent article, he was quotes as saying “it’s not death and taxes most of us should be worrying about but death and probate. … Unless the value of one’s estate qualifies as a small estate with the value of all countable assets not exceeding $150,000, the estate is thrust into the nightmare that is probate”. Click for full article.
Iron Clad Living Trust offers great deals on complete living trust packages, consisting of the full array of personalized written instruments tailored to your individual estate needs. These include the following documents:
Iron Clad Living Trust is managed by Attorney Paul A. Hanks, who has a track record of 28 years in California law practice, including many years of estate planning and California living trusts. If you own multiple properties or are part of a corporation, partnership, or LLC, the cost may be slightly higher but still very affordable. All homeowners are encouraged to contact Attorney Paul A. Hanks at Iron Clad Living Trust for a free phone or in-office consultation.
Too many people make the mistake of believing that merely having a will is enough to avoid probate, which is a trap for the unwary. In California, the mere value of assets exceeding $150,000 is enough to trigger a costly and time-consuming probate proceeding where hawkers of information probe court filings such as probate, civil, family law, and bankruptcy and sell this information for profit. All homeowners are encouraged to evaluate their estate needs and protect themselves with a living trust. If you own a home, but it is not part of a living trust, you are probably an excellent candidate for a living trust. A living trust serves as an insulating layer of privacy and keeps your estate out of the court system. And fees that would otherwise be owed the probate court are saved and passed on to your selected beneficiaries.
Yet another added benefit of living trusts pertains to married couples. Only a living trust can provide you with the feeling of security knowing that your assets and wealth will eventually pass to your selected beneficiaries since the California living trust provides that upon the second spouse’s death, the estate plan will pass as you have stated in the trust. A will cannot control a disposition in the future to the degree as a living trust can. The trust preserves the estate for your children and guards against property, winding up with someone outside of your next generation. Please do not hesitate to email Paul A. Hanks, a living trust attorney, at Iron Clad Living Trust to arrange for a free consultation.
A proper estate plan centered on a living trust and power of attorney is a vital component for anyone. We also offer pour over wills. People work very hard to get home. Everyone knows that wealth is hard to come by. It is often surprising to see how many fail to have plans for them in place. Many people believe that merely having a will is enough to avoid probate, which is a trap for the unwary. In California, assets exceeding $150,000 will trigger costly and time-consuming probate. It can be troubling to have a single unaccounted asset (such as a stock, bond, annuity, or other investment). It may result in a lengthy and expensive probate proceeding.
Owning real property is another high-risk area for an unwanted probate case. All homeowners should evaluate their estate needs. You should protect yourself with an estate plan and power of attorney. If you own a home, but it is not part of a living trust, then you are probably an excellent candidate for a living trust. A living trust insulates the home from probate. It also gives the beneficiaries of your home greater flexibility to retain the home as an asset. Since a living trust will avoid probate of the home, there cannot be a forced sale of the house to cover probate fees.
Yet another added benefit of an ironclad living trust pertains to married couples. Only a living trust can provide you with a feeling of security. You will know that your wealth will pass to your selected beneficiaries. A trust provides that upon the second spouse’s death, the estate will pass as you have stated in the trust. A will cannot control a disposition in the future to the degree as a living trust can. The trust preserves the estate for your children and any other selected beneficiaries. It guards against property, winding up with someone outside of your next generation. Couples without estate planning are at risk of missing generational estate passing. For example, consider a home in the name of the husband and wife as joint tenants only and not in trust. When the first spouse dies, ownership of the home shifts to the surviving spouse. A surviving spouse is not bound by a living trust. There is zero assurance that the children of this couple will inherit the home. The surviving spouse can add a new partner or spouse to the title. The deceased spouse may never have contemplated.
It is not uncommon for a living trust to provide a beneficiary’s share to be managed on their behalf. They can specify for it to be distributed at specific intervals, for any number of reasons. The beneficiary could be young, or laboring under disability, or reckless with spending. A living trust can have the successor trustee manage the beneficiaries’ inheritance. You can specify distribution over time rather than paying it all out in a single lump sum.
We also see situations where a client has a disabled minor or adult child. These situations require attention. The attorney must take care to incorporate special needs trust provisions. A California special needs trust can protect the rights of the beneficiary. The result can be catastrophic if a special needs trust is not in place. The purpose of a special needs trust is to preserve entitlement to public assistance. It will provide access to government programs. The attorney must strive to draft special needs trust provisions to supplement benefits. It can not be set to supplant benefits. You may also need a power of attorney.
A living trust also involves the client’s selection of an order of successor trustees. A successor trustee can’t act on the trust until the creator is disabled or dies. The decision on who you will choose to serve as successor trustee should not be made in haste. A living trust is designed to guard against reckless handling of the estate. It should include a clause for competent, trustworthy, responsible and impartial successor trustees. A beneficiary who meets these criteria can also serve as a successor trustee.
At times a California living trust is also needed to disinherit one or more children. It is not uncommon for a parent and child to have drifted apart or developed differences. This requires a properly drafted California living trust. Special care needs to be taken in preparing precise language. The child needs to be correctly disinherited.
A California living trust is recognized in all 50 states. It can actually capture your property located in other states. A California living trust is a very flexible and far-reaching device. And if you acquire property in the future, there is no need to amend your living trust. If you decide to buy a vacation home next year, you merely have the home deeded to your living trust. This can be done at the time of the sale and real estate closing.
You may have been thinking about a living trust or Power of Attorney for quite some time. Your time may have just arrived. Please do not hesitate to call or email Paul A. Hanks. We can arrange for a free consultation. We can answer all your questions about living trusts or power of attorney.
Can you do a living trust yourself?
Some clients are tempted by the cheap lure of the “do-it-yourself” approach. Generic prepackaged trusts and sample estate plans are widely available on the internet. These assembly-line type trusts are peddled to a mass audience. Most clients are not trained in estate planning. They do not realize that any number of scenarios can arise. If not addressed in the trust, it could result in legal warfare. It could also involve probate courts after the person’s death.
An attorney is a wise choice for estate planning. A person embarking on the “do-it-yourself” approach does not realize a critical mistake. The impact of the error is not felt until after their death. That is the danger of the do-it-yourself approach. The mistake is a lot different from a hole left in your roof that is quickly noticed as soon as the next rainfall. Instead, the mistake made by the “do-it-yourselfer” lies in silence. The damage is only made known until after the time of death, and by then it is too late to correct.
Do you need a will if you have a revocable living trust?
A revocable living trust eliminates the need for a traditional will. However, a companion will to the living trust is needed, often called a “pour-over will.” The pour-over will function in conjunction with the trust. It will allow the entirety of the deceased person’s estate to be distributed. It will not need a probate court’s involvement.
Does a certificate of trust need to be notarized/certification?
The Certification of Trust is an essential part of a living trust package. The Certification of Trust is required for business done on behalf of the trust. For example, after the decedent’s death, the property of the estate may be sold. Financial accounts may need to be liquidated. In conducting these activities, the successor trustee will need to produce the Certification of Trust document. The Certification of Trust must be notarized.
How do I choose an estate planning attorney?
There are many ways to locate a qualified estate planning attorney. Most important is that your choice of an estate attorney be someone who informs and educates you. An estate planning attorney should take time to guide a client through the process. Almost all estate planning law firms provide a free consultation. The client should take advantage of the opportunity to meet the attorney. The client can have all their questions answered.