QUESTION
Estate, living trust, final expenses,
Asked on Feb 10th, 2021 on Trusts and Estates - California
More details to this question:
I need information regarding my estate. leaving it to my wife all the contents ( Home, Cars ect.) I have health condition I may need someone to make decision for me ? If something happens to both my wife and myself what do I need to have in place ? Final expenses ? A Will who gets what ?
1 ANSWER
Estate Planning Attorney serving Folsom, CA
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The Law Office of Carol A. Fauerbach
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If you have real estate or assets totalling $166,250 or more, you will likely need a revocable living trust to avoid expensive and time-consuming probate. In addition, a durable power of attorney and advance health care directive will allow you to authorize others to make decisions for you if you become incapacitated. You should speak with an estate planning attorney to discuss your options and to develop an estate plan that meets the needs of you and your family.
Answered on Feb 11th, 2021 at 7:58 AM