Service You Can Depend On, Experience You Can Trust
Proactive Estate Planning
Our knowledgeable legal team at the Bauer & Shekerlian Law can help you protect your loved ones through personalized estate planning. We strive to help you transfer assets to your heirs in the most cost-effective way, and with the least possible tax burden. Estate planning instruments can include wills, trusts, powers of attorney, health care directives, nominations of guardians, and certificates of trust. Some of the advantages of an estate plan include:
The ability to choose who will inherit your assets
Potential reduction of taxes on what you leave behind
The ability to name your children’s guardian in the event of your untimely death
A reduction in the chances of family conflicts and unfortunate legal battles
The ability to designate who can care for you and manage your finances if you get Alzheimer’s, Dementia, or in any other way mentally incompetent
Even if you think you don’t have any valuable assets to pass on, settling your affairs in the California courts could be time-consuming and very costly for those you leave behind without having a proper plan in place.
Trusts Tailored To Your Needs
A trust helps individuals maintain control over how their assets are distributed after they die. A trust must be created during your lifetime and you must transfer title of your assets and property from your name into the trust. Your assets in the trust usually are for your benefit during your lifetime, and then are held for the benefit of selected beneficiaries upon your death. When you die, the trust saves your beneficiaries the expense and delay of probate, which can sometimes drag on for years and costs tens of thousands of dollars. There are many types of trusts, and we can help you determine which type is right for you.
A will can be used as a way to name guardians for children and specify funeral arrangements but is much better suited to act as a “safety net” for assets that are not included in a trust. For a trust to fully control your assets, those assets must be formally transferred into the trust. If those assets are not properly transferred into the trust, then they will only pass on to your heirs by the ruling of a probate court judge.
Planning Your Legacy
Legacy planning can give you a sense of purpose for your life as a way to be remembered through your giving. This typically includes philanthropic goals in addition to family beneficiaries. As a part of your plan, we can help you identify and implement goals that will utilize your existing assets to benefit family and charities after you die. Additionally, you can often get tax benefits during your life for contributing to charities when you die.
Our fees for estate planning for singles is $2,500 and $3,500 for couples However, it's important to note that fees can vary significantly depending on several factors, including the complexity of the estate plan, the attorney's experience and expertise, the region where you live, and the specific services required.
Estate planning for singles typically involves drafting important documents such as a will, power of attorney, healthcare directives, and potentially setting up trusts or other arrangements to manage assets and distribute them according to your wishes. The complexity of your estate plan will influence the overall cost.
To get a more accurate estimate for your specific situation, it's advisable to schedule a consultation call. We can provide you with a detailed breakdown of fees and discuss the specific services we will offer. Additional costs, such as filing fees or document preparation expenses, that may be associated with your estate plan.
Remember, estate planning is a crucial aspect of ensuring your assets are protected and distributed as per your wishes, so it's generally recommended to work with an experienced attorney who specializes in estate planning to help you navigate the process effectively.
We’re Here For You
We understand that you may have many questions and concerns about making decisions for your estate. We are happy to answer any questions about the planning process and your options. Schedule a free consultation with Bauer & Shekerlian Law by calling (949 233-2894 or by sending us an email.