Citadel Law Corporation

California has its own set of processes to determine who gets what and how much of it. Generally speaking, the law provides the majority of assets to parents, spouses and children. When there are no living parents, children or a spouse, assets will normally go to the closest living relative.

Many people make the egregious error of assuming that estate planning is only for the very wealthy; nothing could be further from the truth.

Trusts are an important form of estate vehicle, and they come in many varieties. One of these is the charitable remainder trust, commonly referred to as the CRT. CRTs provide numerous advantages for those who want to leave a legacy behind for a noble purpose. Here's how they work.

Learn how estate planning works and why you shouldn't neglect it and all the basics you need to understand.

Estate Planning Seminar - Part 1

Should You Get a Living Trust? A living trust is a legal document that allows your assets to be put into a trust and handled the way you choose during your lifetime. When you eventually pass on, the assets will be transferred to your beneficiaries without the need to go through probate court.

There are a variety of documents that you may need to ensure that your wishes are carried out, and an estate planning and living trust attorney can design and draft these documents. If you do not create an estate plan, the legal system will take over and make choices about who will receive your assets upon your death and who will make medical choices for you. These may not be the people who you would wish, so it's important that you do not put off creating an estate plan.

Daniel C Hales is giving a seminar telling Estate Planning techniques and explaining the benefits and necessity of Estate Planning.

Charitable remainder trusts allow individuals to further noble causes, look after beneficiaries and avoid taxes. Whether they're set up inter vivos while a donor is still alive or following their death as testamentary vehicles, these trusts are associated with a number of unique benefits. This basic guide should make it easier to understand the nuances of different giving plan options.

Living trusts are ideal for individuals who have complex personal and financial circumstances. Other than saving on time and money, a living trust ensures that the individual's personal information remains private.

To help you determine which firm is right for you, here are a few questions that can help you get a better feel for what an estate planning attorney can do for you.

Marcia Santos Sadler’s Interview of Dan Hales Discussion Topics: - What amount of net worth do you need to have for a trust?... - What amount triggers estate taxes? - New law in the news: End of Life Option Act. See more

Probate is the process of handling debts and assets that are left behind by a deceased person. Having a will can go a long way in assisting bereaved family members deal with the aftermath of a death, which is why it’s so strongly recommended. However, people sometimes never get to working on their will for a variety of reasons.

Many individuals are aware that they should create a will to protect their assets in case of their death. However, most people don’t recognize the importance of choosing an executor. An executor of a will is the person who administers to matters that have to do with the estate and assets of someone who has passed away. If you select the right executor, your assets will be distributed in a straightforward manner.