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Living Trusts From $650 for Single Persons and $850 for Couples
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Pour Over Will(s)
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Asset Informational Guide
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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 saved 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.
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 and which includes the following documents:
Iron Clad Living Trust is managed by Attorney Paul A. Hanks, who has a track record of 28 years in the practice of law in California, 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 directly 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, then you are probably an excellent candidate for a living trust. A living trust serves as a wonderful 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 in 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 like 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, living trust attorney, at Iron Clad Living Trust to arrange for a free consultation.
A proper estate plan centered about a living trust is a vital component for anyone. People work very hard to get a 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 for 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 insulate 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 a probate of the home, there cannot be a forced sale of the home 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 like 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 of 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 title. The deceased spouse may never have contemplated.
It is not uncommon for a living trust to provide a beneficiary’s share be managed on their behalf. They can specify for it to be distributed at certain intervals, for any number of reasons. The beneficiary could be young, or laboring under disability, or reckless with spending. In such a case the 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 estate planning 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 primary 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 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 drafting precise language. The child is needs to be properly 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, then 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 Estate Planning Attorney Paul A. Hanks. We can arrange for a free consultation and answer all your questions about living trusts, power of attorney, certification of trust, or pour over wills.