WILL AND TRUST
Wills And Trust in Fairfield, Hayward, and San Jose
Lack of estate planning might make it harder for a person’s surviving family members. Even with careful planning and no legal issues, your family may still face a significant amount of work in administering your estate. Tax preparation, asset distribution, trust declarations, and other common estate issues can be complicated and need for expert help. No matter how complicated your estate may be, a will or other estate preparation document makes the process simpler and less stressful for your loved ones should you pass away.
Trust
A Living Trust is established to safeguard the assets retained in your estate during your lifetime as well as your personal information. Your personal assets, such as real estate, farmland, stocks, bonds, and bank accounts, are used to fund trusts. A trustee may hold assets on behalf of one or more beneficiaries under a legal document.
Will
A Will it is a legal document that states your final wishes. Also known as a “Last Will and Testament.” A Will is read by the county court after your death. The court, known as a “probate” court will get involved to make sure that your final wishes are carried out. A “self-proving” Will does require a notary and can speed up the probate process, as the court will accept the Will without needing to contact the witnesses who signed it.
The most crucial factor is that a trust avoids the potentially costly and drawn-out Probate process. Your recipients will consequently save time and money as a result. The gifts you designated for your beneficiaries will be distributed to them right away in accordance with the directions you specified in your Trust. You can decide whether to set up a trust or a will.
If you are looking for help with this any other legal issue contact us in KKG Law Offices.
You can call us to 510-255-0993 or 707-241-3036