The goal of My Estate-Plan is to educate and prepare potential clients in the area of estate planning.
Mr. Powell, (Dan to his friends) created My Estate-Plan to provide clients and potential clients with a vast resource of knowledge, insight, and understanding. He created MyEstate-Plan.com to mirror his method of practice which is simply “put the client first”.
Attorneys are fiduciaries to their clients which means they are to put their client’s needs and interests ahead of their own. As a matter fact, in order to obtain this, result some representation must be declined because sometimes it’s just not the right fit.
Mr. Powell believes that sometimes the best way to serve a potential client's interest is to decline representation and provide that potential client with the referral to another attorney who would better fit with the objectives of the client.
The most important aspect of estate planning is providing for your loved ones after you pass away. Without an estate plan, the state of California will determine how your assets are distributed among your heirs according to intestate succession laws. This may not align with your wishes and could potentially leave your loved ones without proper financial support.
Through an estate plan, you can designate beneficiaries for your assets and ensure that they receive what you intended for them. You can also appoint guardians for minor children and provide for their care and financial needs. This can give you peace of mind knowing that your loved ones will be taken care of after you are gone.
The first step is fast and easy. Just tell us a few things. The next step will be a call from attorney Dan Powell and you will be well on your way to learning about your options, caring for your loved ones, and having a solid, attorney designed and drafted estate plan!
When it comes to wills, trusts, and other types of estate planning, no two situations are the same. This is why my most important job is to listen to what you want to achieve in order to advise you on the best plan possible. Each and every document of your estate plan will be prepared by a licensed attorney to ensure your wishes are properly achieved.
Once Again, Proof Positive! - A robust, superbly drafted Revocable Living Trust centered estate plan is a superior method to prevent loss of time and money, and achieve your desires.
You do not have to trade sound professional legal advice for a reasonably priced will, trust, or complete estate plan. My law office offers packages that are affordable and competitively priced.
With so much riding on your decisions, you and your family cannot afford mistakes. An attorney, like myself, who practices estate planning is the only person who can properly guide you to ensure your wishes are carried out and give you the peace of mind that comes with a properly executed and implemented estate plan.
You will get an affordable plan, at a competitive rate, and the peace of mind that comes with a plan built especially for you.
Your exact situation and desired distribution will dictate the means to be used, as well as the ultimate cost of the plan. However, every estate plan I create contains the Revocable Living Trust, Certificate of Trust, Trust Summary, Pour-Over Will, Durable Power of Attorney, California Advanced Healthcare Directive, funding instructions for various assets, and the funding of your residence with a new deed and Preliminary Change of Ownership Report prepared by my office to put the residence into your trust. All documents are attorney prepared, and all advice is given by an attorney.
Legal Zoom won’t help you with funding or provide legal advice on such a personal level! Further, I will review the estate plan I create for you every three years, upon your request, with you for no additional charge*. Moreover, I am more than happy to discuss future changes to your situation, or family situation, as they arise and how it may impact the plan I drafted for you, at no additional charge*.
*Modifications will be at an additional charge.
Absolutely not. Think of a Revocable Living Trust as a bucket. It is a bucket that you constructed, and one which you hold. You are free to put things into the bucket, and take them out whenever you like. In the event you become incapacitated, you can determine whom you would like to hold the bucket on your behalf. In the event of your passing, you determine how the bucket is to be poured out to your family and friends. Moreover, the bucket and its content are not public record.
California Probate Code sets the rate currently as:
Keep in mind that the value of the estate is based on the value of the asset, and not its equity. Therefore, if you own a home valued by the appraiser at $500,000 and you have a mortgage balance of $400,000 – the value is not $100,000 but the full $500,000. Also, for example, let’s say you also have other property such as accounts and a car or two (worth an additional $150,000) that raise the total value of the estate to $650,000.
So the attorney probate fees for the estate break down like this:
For a total fee of $16,000
So given everything we know now, let’s see what the potential costs will be for a simple $650,000 estate. This can be any combination of probate property, but let’s say the home is $500,000 (not difficult in California) and an additional $150,000 in probate property. Please keep in mind that fees given are approximate and may vary by location, changes in laws, or other factors.
So you see that an average cost of $1,000 to $2,500 for a Revocable Living Trust Centered Estate Plan is far more affordable than the cost of a $10,000 to $30,000 probate.