Experienced Wills, Trusts & Estate Planning Attorneys
No matter how large or small clients’ estate, an experienced trusts and estate attorney can help planning for clients’ future. It’s important that everyone, regardless of the value of property and assets, speaks to an attorney about estate planning.
Typically, estate planning involves writing a will and considering whether client will create a trust. In some cases, estate planning can also involve drafting powers of attorney and healthcare-related documents. Our dedicated estate planning lawyers consult with clients and provide comprehensive estate plans customized to meet our clients’ needs. At J.J. Kim & Associates, we also assist clients with the frustrating and complicated process of probate.
Personalized Service for Wills and Trusts
Estate planning can be extremely complicated, and it’s important to work with an experienced trusts and estates lawyer who understands the legal nuances of drafting a will or constructing a trust.
A will is simply a document that specifies who will receive certain property upon one’s death. In some cases, wills can also be used for other matters. For instance, some clients rely on provisions in a will to govern guardianship of a minor child in the event of his or her death.
Trusts tend to be a bit more complex than wills, but they can be very important. Trusts, in short, allow to transfer assets to client’s beneficiaries without requiring probate. Probate can be overwhelming for the executor or executrix of an estate, and trusts can help to alleviate that burden. Trusts typically include the following types:
- Living trust: a living trust is a document, like a will, that’s created during client’s lifetime. It determines the use and transfer of client’s property. Most importantly, it allows to avoid probate while still allowing client to transfer its property upon death.
- AB trust: an AB trust is an “ongoing” trust that’s typically used to help ease the burden of estate taxes. Generally speaking, client can leave money up to a federally specified amount before it’s subject to an estate tax, but after that, beneficiaries can face substantial estate taxes. Depending on the specific elements of each case, an AB trust can eradicate estate taxes.
Trusts can be quite complex, and it’s important to discuss options with an experienced estate planning attorney.
Practice Areas for Wills, Trusts & Estate Matters
Estate planning issues can range from drafting a will to making medical decisions in an advance directive. We work with clients who are at the early stages of estate planning, as well as heirs who have questions about probate and estate taxes. At J.J. Kim & Associates, we regularly assist our clients with the following estate planning matters:
- Durable powers of attorney;
- Health care powers of attorney; and
- Advance directives.