Probate & Estate Planning Lawyers

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Frequently Asked Questions on Estate Planning

Answers From an Estate Planning Lawyer in Southern California

Estate planning and probate is a complicated, confusing, and intimidating area of the law. While having a set plan in place for your future is essential, many people are unaware of the legal processes necessary for doing so. To help you understand this legal area and get you started, the estate planning attorneys at Sandoval Legacy Group, a division of Holstrom, Block & Parke, a Professional Law Corporation, have answered a number of common questions we receive from clients.

In general, probate is the court procedure by which a will’s validity is proved, assets collected, creditors paid and the remaining assets distributed to beneficiaries under the will.
A will contest is a legal action that challenges the validity of a will and/or its terms. Will contests involve allegations that a will was inadequately executed, invalidated by a later will, or was the result of forgery or undue influence.
Non-probate assets can be transferred without oversight by the probate court. Some examples of non-probate assets are proceeds from life insurance policies, an IRA account, a 401(k) account or any other taxed deferred retirement plan account with a named beneficiary.
The executor is responsible for initiating the probate proceeding, collecting and inventorying assets, paying debts owed by the estate, filing and paying taxes, distributing assets to the beneficiaries, and closing the estate. Because of the numerous details and technical requirements that must be satisfied, attorneys experienced in probate and estate administration are often employed to guide the executor through the probate process. The executor is entitled to compensation for time and expenses spent during the process.
There are several methods to use to avoid the probate process. These methods include creating a joint ownership with right to survival in property such as real estate, automobiles and other titled property; making beneficiary designations on accounts such as payable-on-death (POD) bank accounts and transfer-on-death (TOD) securities; and placing property in a revocable living trust. Your attorney can help you manage your property to avoid probate and to transfer property smoothly to your beneficiaries after your death.
The probate process can be slow and can tie up property anywhere from several months to several years. In addition, it can be costly since attorney fees, executor fees and court fees are paid out of the estate.
Every state has a set of default rules that determine how property will be distributed in the absence of a valid will (known as intestacy). If someone dies intestate, the property generally is distributed to a surviving spouse or domestic partner, children, parents, and other close relatives.
A revocable living trust is a type of trust that takes effect during the testator’s life and can be changed or terminated at any time with the property returning to the testator. The testator also can retain control over the property in the trust by naming themselves as the trustee and naming a successor trustee to take over trust administration at the testator’s death. These trusts are often used as a means to avoid probate because the title of property is transferred to the trust and is not considered property of the testator at his or her death, thus making the property unavailable for probate.

Sandoval Legacy Group, a division of Holstrom, Block and Parke, a Professional Law Corporation, adds a preeminent Elder Law, Tax Law, and Estate Planning and Probate law practice to our pedigreed Family Law firm. Clients now enjoy a vast range of legal services, resources and end-to-end representation, all under one roof.