| |
Diamonds & Pearls of Wisdom
The Divorce Wizards Blog by Lynne Diamond
Estate Planning Basic Information |
Wednesday, December 27, 2006 | Estate planning is a topic that most of us would rather avoid. Part of maturing is facing these issues and providing for your children and your property which you have worked so hard to accumulate. Sometimes life's events trigger the desire to get this done and over with. During a divorce or after the death of a parent, estate planning may take on new meaning for you. We can simplify this process.
A living trust is a plan - a plan to care for your loved ones, your children and property - when you pass on to the next place in the journey of life. If you don't have a plan, your state of residence takes over. Think D.M.V. Do you want those folks handling your affairs when you go?
When a person dies, their estate is governed by probate, the legal process for paying their final bills, distributing their property and determining the guardian for any remaining minor children. Probate is a lengthy process, the average case taking one or two years to complete. Often assets are frozen pending Court orders. It is also costly with it's court, legal and probate fees. And, like most other court hearings, it's public record.
A living trust is an alternative to probate. Once established, with all of your property properly titled in the name of the trust, it's very easy for your successor trustee to handle your affairs. The process is much quicker, less expensive and more private than probate. There is no need for your assets to be frozen, no requirement about publication of your death be made and your affairs remain very private, a comfort to your family in their time of despair.
To get started on your estate plan, please visit the below link:
Divorce Wizards Estate Plan
|
Lynne Diamond |
0 comments
| 
|
|
|
|
|
|
Get Divorced Online!
You can complete your own California divorce with our help, like thousands of other couples. Read about our process and hear what others have to say!
Find out more »
Start your divorce now »
|
| Divorce Question?
You can contact us or send us an
email for a
free consultation!
|
|
