Everyone’s estate plan will vary depending on an individual’s assets and desires on how to distribute those assets. However, at a minimum, everyone’s estate plan should include the following:
Contact Anker, Hymes & Schreiber, LLP today to speak with our experienced Estate Planning Attorney in Los Angeles regarding your estate plan.
Posted in Estate Planning
Tagged Advance Healthcare Directive, Anker Hymes & Schreiber LLP, asset distribution, assets, business, Durable Power of Attorney, Estate Plan, Estate Planning Attorney, HIPAA, Los Angeles, pour-over will, power of attorney, revocable living trust
Wills can be of various degrees of complexity and can be utilized to achieve a wide variety of family and tax objectives:
- If a will provides for the outright distribution of assets, it is often characterized as a simple will.
- If a will establishes one or more trusts, it is often characterized as a testamentary trust will.
Alternatively, the will may leave probate assets to a preexisting living trust, where it is characterized as a pour-over will. Aside from providing for the intended disposition of your property, there are a number of other important objectives that may be accomplished, such as:
- Designating a guardian for minor children
- Eliminating the requirement for bond
- Designating future custodians for minors
For specific questions about drafting a will, please contact our will attorney in Los Angeles today at (818) 501-5800.
Posted in Wills
Tagged Designating a guardian, Designating future custodians, distribution of assets, drafting a will, living trust, Los Angeles, pour-over will, probate assets, simple will, tax objectives, testamentary trust will, Trusts, will attorney, Wills Attorney, Woodland Hills