WHAT IS THE PURPOSE?
Peace of mind. It’s about everyone you love and everything you own. A Living Trust protects you and your family during life and insures that your estate will pass on to whom you want, the way you want, and with as little cost and time delay as possible.
WHAT IS THE PURPOSE?
Although a properly funded trust will avoid probate, the trust must still be administered. The administration of a trust is in many ways the most important step. Trust administration occurs after the death of either one or both settlors (creators of the trust), and before any trust assets can be distributed to beneficiaries. Furthermore, to protect the successor trustees, there are many things that must be done to ensure proper administration.
WHAT IS PROBATE?
When a person dies without a (properly funded) trust, his or her entire estate (all assets and liabilities they own at death), or select assets, must go through a court mandated process called probate before any assets can be distributed to their heirs. Probate is overseen by a court to ensure that the final settling of the decedent’s (deceased person) assets and liabilities is done completely and properly. This is true even if the decedent had a will!
Poor estate planning is a recipe for disaster. Look no further than Dickens’ Bleak House—or a telenovela—to witness the tragedy and melodrama inadequate estate planning can cause. While having your estate planning documents prepared is the first hurdle to overcoming…
Am I ever glad Jiro and I have our estate plans in place, thanks to you and your seminars here at Patelco Credit Union!
I am going through the most exhausting, emotional period in a long time. A younger brother died intestate (without a trust) with just a small estate but what a barrage of paperwork, VA/Court/Bank visits, etc. just to collect his small bank balance, VA benefits and a gravesite marker! I can’t believe the energy it is taking. And the emotions it brings up just thinking about him!
Thank God my partner and family will not have to go through this for me because now everything is in place!
A very dear friend of mine asked me to help him find a good honest attorney to help him sort out some legal issues with his estate. I started asking around and most of my friends said they didn’t feel that their estate attorneys gave them good service and most had problems getting their phone calls returned in a reasonable timeframe. It often took several days to get a call returned and this has them very concerned especially if they had an emergency. I thought this was one thing that my friend and I should make a priority when finding someone. In any case, nobody felt comfortable recommending their estate attorney. After calling my insurance agent at State Farm (who I really trust) he recommended Steven. He said Steven helped him with his estate planning and highly recommended him.
It was one of the best experiences we’ve ever had starting with scheduling our first appointment and throughout the entire process.
One of my co-workers recommended Steven to us to do our estate planning. After our first meeting we realized that we came to the right place. Steven’s knowledge, attention to details and the way he educated us on all options, caveats, etc made the entire process go very smooth and easy for us. We understood that the job would be done right from both a professional and an ethical perspective.
Thank you Steven.
Mr. Steve Davidson has been my legal advisor for some ten years. I have come to know him well. He has my strongest recommendation for person and professional attributes. Last year I requested that he develop a Living Trust for my wife and myself to replace our inadequate will. As a result of his astute questioning as to our wishes, Mr. Davidson produced a comprehensive and impressive set of documents to our complete satisfaction.
University of California, Berkeley