Avoid Probate

Save your family the expense and hassle of going through the court process.

In California, attorney fees are mandated by the Probate Code and are comprised of a percentage of your gross estate, not including any potential extraordinary fees for handling other matters.

For example, the Probate Code establishes a sliding scale:

  • 4% of the first $100,000
  • 3% of the next $100,000
  • 2% of the next $800,000
  • 1% on the next $9,000,000
  • 0.5% on the next $15,000,000
  • A reasonable fee thereafter

Example:
If the only asset in an estate is a $500,000 house, and there is a $400,000 mortgage on it, the statutory fee of $13,000 is based on the full $500,000 value:

  • 4% of the first $100k = $4,000
  • + 3% of the next $100k = $3,000
  • + 2% of the remaining $300,000 = $6,000

Total: $13,000

Additionally, probate is public process. Theoretically, that means anyone can go into the probate court when a person dies and look at the estate file. They can read the will and find out what assets are available to beneficiaries and creditors so they know who to target.


 

Protect Yourself and Your Loved Ones

Plan for Incapacity

One of the major concerns today is not about dying but about living too long. Without doing some prior planning, loved ones may have to file an application with the court for a conservatorship to handle your financial affairs in the event you become incapacitated. A revocable living trust allows for the better management of your property by those you trust.

Provide for Minor Children

  • Identify guardians who will care for your children.
  • A well drafted trust can protect your assets to ensure that they are not subject to the claims of any creditors. Additionally, restrictions and incentives can be provided for your children to foster an independent and productive life.

 

Plan Your Legacy, Your Way.

Preserve your wealth and control the distribution of your assets.

A revocable living trust is an effective tool to preserve your wealth and control the distribution of your assets for generations to come.

You worked hard for your money so don’t take the chance that your money can go to others for whom it was never intended. At Trusted, we help you plan ahead. We want to protect the same thing you do: your loved ones. A revocable living trust can help guarantee that your loved ones will be taken care of long after you are gone. For those with sizeable estates above the federal estate tax exemption, we can assist you with sophisticated planning strategies such as Personal Residence Trusts, Irrevocable Life Insurance Trusts and a wide range of charitable gifting techniques to reduce federal estate taxes, gift taxes and generation skipping transfer taxes.