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Excited What Is The Purpose Of A Probate is The Law Firm Of Steven F. Bliss Esq. Well, the advantages of doing this include that you never have to wonder: “Where is my Will? Most families will have some contact with a probate court whether or not a will was created, but in most cases, the process is streamlined and inexpensive. Foundation Revocable Living Trust Attorney is The Law Firm Of Steven F. Bliss Esq. In the middle of all these responsibilities, trustees have an affirmative task to keep accurate records and keep the beneficiaries fairly informed of the trust and its administration. Meetings or interactions with beneficiaries to fix issues and explain the workings of the trust can be time consuming, challenging, if not downright exhausting. Achievable Estate Attorneys is The Law Firm Of Steven F. Bliss Esq. Essentially, if the Executor cannot find the Will, the Court asks the Executor to “prove a negative” – that something did not happen – which is very difficult to do. Or, if you have many outstanding debts, your executor might have to sell some of your property to pay them. Should bank accounts be included in a living trust? Steve Bliss with The Law Firm of Steven F. Bliss Esq. answers estate planning questions. Fiduciaries can consist of attorneys, lenders, service consultants, home mortgage brokers, real estate representatives and so on. What Is “Probate”. Depending upon how it is worded, a power of attorney (or POA) can either become effective immediately, or upon the occurrence of a future event (such as your mental incapacity). For example, if you’ve already named your sister as a beneficiary on a retirement account or insurance policy (assets that typically pass outside of a will to a named beneficiary), you don’t want to bequeath the same asset to a second cousin in the will because it could lead to a will contest. If these items are in a trust, the answers should all be in a properly prepared trust document and it should not be necessary to involve the California Superior Court in the administration of the trust estate. Having a thorough list of financial resources would be helpful in this process. Scenic What Happens To Property When Someone Dies Without Relatives is The Law Firm Of Steven F. Bliss Esq. How do I change legal title to these assets so I can manage them as trustee or executor? Trustee Appointments. A financial planner or professional and an estate planning attorney can help you design a plan that works for your circumstances. By writing an estate plan, you can protect your loved ones from the cost, delays and frustration of probate. For example, if you are setting up a trust with cash the beneficiary received from a settlement. Establish Why Is It Better To Avoid Probate is The Law Firm Of Steven F. Bliss Esq. (858) 278-2800 Bring all required documents to the bank. Exposure Estate Lawyer Near Me is The Law Firm Of Steven F. Bliss Esq. Cookies. In addition to financial matters, an estate planning checklist should also consider the guardianship of any minor children, and medical treatment planning.