This document can give your agent the power to transact real estate, enter into financial transactions and make other legal decisions as if he or she were you. Amazing Estate Planning Attorney around 92025. What is estate planning and why is it important? Steve Bliss with the Escondido Probate Law answers estate planning questions. Should I put my house in a trust or LLC? LLCs are better at protecting business assets from creditors and legal liability. Trusts can handle many types of assets and are better at avoiding probate and reducing estate taxes. In some cases, both an LLC and a trust may be the best way to manage the estate. Amazing Estate Attorney around Midway, Escondido, CA. If a POA becomes effective upon the occurrence of a future event, it is called a springing power of attorney, because it “springs” into effect if the event occurs. Amazing Attorneys Estate nearby 92026. What assets can you keep in Chapter 7? Motor vehicles, up to a certain value.Reasonably necessary clothing.Reasonably necessary household goods and furnishings.Household appliances.Jewelry, up to a certain value.Pensions.A portion of equity in the debtor’s home. How long do banks take to release money after probate? If you need to close a bank account of someone who has died, and probate is required to do so, then the bank won’t release the money until they have the grant of probate. Once the bank has all the necessary documents, typically, they will release the funds within two weeks. What type of will Cannot be contested? A revocable living trust allows you to place all of your assets into a trust during your lifetime. A trust does not pass through the court for the probate process and cannot be contested in most cases.
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Escondido Probate Law720 N. Broadway, #107 Escondido, CA 92025
(951) 582-3800
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