The process of estate planning involves people, assets, and the various forms of ownership and title that those assets may take. A properly designed and implemented estate plan gives you the control while helping you in the smooth transfer of your estate to the special people in your life.
The failure to plan ahead can lead to the Internal Revenue Service (IRS) or California Probate Courts to determine how your assets should be distributed after you pass away, not to mention the probate fees that are deducted from your estate.
At Duisters & Parvizi, we strive to bring you peace of mind by ensuring that your wishes are carried out. We recognize the unique concerns of each and every client by tailoring each plan based on your specific needs. Our firm guides you through the planning process, and provides you with the appropriate legal services, whether it be drafting a will or trust, or providing another estate planning solution.
Contact us today to find out how we can help you create your estate plan, while advising you on such issues as taxes, title to assets, and the management of your estates. Let us work together to maintain the life you have created.
A will is a legal document which controls the distribution of property upon death. A will is revocable and subject to amendment at any time during your lifetime.
If you pass without a will, the state of California will determine how your assets should be distributed without regard to your wishes or your heirs needs. The judge may also appoint someone to manage your estate. This could be a person that you would not wish to handle such an important task on your behalf. With a properly designed and executed willl you can name:
Your Executor who is responsible for managing assets, pay any debts, taxes, and expenses that might be due, and distribute your assets all in line with the instructions in your will
Your Beneficiaries (family member, spouse, friend, charitable organization, etc.) that will receive your assets according to your instructions
Your Guardian for your minor children
Contact our office today to discuss your options and what may best suit your needs.