(562) 923-0971 jsawday@tldlaw.com

Estate Planning

Estate planning with me is easy. Estate planning typically consist of the following four documents:

  1. Revocable Living Trust
  2. Pour Over Will
  3. Durable Power of Attorney
  4. Advance Health Care Directive

Please fill out this questionnaire:

2017 Estate Planning Questionnaire

These documents are put in place to ensure that if something bad happens to you or you if you pass away — that your loved ones can handle your affairs until you get better or otherwise square things up without having to go to court.

A revocable living trust can be changed during your lifetime. You can amend it. You can revoke it. You can change the terms and rules anytime you like so long as you remain alive and well. A revocable living trust should own title to your home and other property and bank accounts to ensure that it can transfer to your loved ones without a probate or other court proceeding if you were to pass.

A pour over will is a document where you could name guardians for your minor children if you have children. It also functions as a back up in case you have more assets in your name when you pass away and transfers those assets to your revocable living trust.

The last two documents are put in place in case you are alive but not well and you can name who should make financial and medical decisions for you. The durable power of attorney authorizes someone else to make financial decisions for you. The advance health care directive allows someone else to make medical decisions for you in the event you are not able to respond to your doctor.

Estate planning is typically a flat fee price so you do not need to be concerned about every call or email to me during this process. Each call and email will not cost more and more money. It’s a one time flat fee for the work to be done. There are charges later if you go back years later to make changes or update all of the documents because your kids are grown and it is time to put them in charge of you, for example!