Decide Who Gets Your Assets with the Help of a Trust and Estate Planning Attorney
Should you pass away in Nevada without having a will or trust, the State of Nevada will determine who the heirs of your estate will be. You worked hard for your assets - you should determine who the heirs of your estate will be. Hiring an estate planning attorney will do just that. Estate planning also allows you to decide what kind of medical care you will receive if you become incapacitated and assign your legal guardian preference should you require a guardianship in the future. Estate planning also clarifies your final wishes upon death which minimizes disputes between your heirs after your death.
Question: What does a Jesse Kalter Law, P.C. trust include?
What our trust includes:
- Revocable Living Trust Agreement
- Declaration of Execution of a Living Trust
- Pour Over Will
- Personal Property Transfer
- Gifts of Tangible Personal Property
- Durable Power of Attorney for Healthcare Decisions
- Directive to Physicians (Living Will)
- General Power of Attorney for Finances
- Deeds-deeding real property into trust
Why Should You Hire an Estate Planning Attorney?
An estate planning attorney will assist you in determining whether you need a will or a trust depending on the extent of your assets. In most cases, individuals who own real property should have a trust. A trust usually avoids the court probate process and allows your heirs to collect their inheritance quicker without court approval. As the trust usually avoids the probate process (which is a public proceeding in court), your estate assets and debts remain confidential and not subject to public inspection. A trust can be amended as many times as necessary. An estate planning attorney can help you determine what is right for you. Any assets that are not within the trust may have to be probated, which defeats the purpose of the trust. An experienced estate planning attorney can ensure that none of your assets are excluded from your trust.
Jesse Kalter Law, P.C. also does trust amendments. Unlike other firms, Jesse Kalter Law, P.C. is happy to sit down with you to review your existing trust from our firm or another firm and ensure it is exactly the way you want it. Usually when your trust agreement needs to be amended, you also need to update the other documents within your trust, including your pour over will, durable power of attorney for healthcare decisions and general power of attorney for finances.
How to Navigate A Trust if You’ve Been Appointed as the Trustee
If you have been appointed as a trustee, then it is your responsibility to ensure that the debts are paid, and the estate assets are distributed efficiently and cost effectively. Trustee administration can be a difficult task to undertake. However, an experienced trust lawyer will make sure you comply with the provisions of the trust which protects you as the trustee and the trust heirs.
It is, unfortunately, a common event, but many trusts are disputed by family members. If this happens, beneficiaries and fiduciaries need to engage a talented trust lawyer to represent them. It is vital to call on an experienced trust attorney to ensure the best possible outcome for all parties involved. This will also ensure you avoid unnecessary legal fees and lengthy court proceedings.
Jesse Kalter Law, P.C. has an Experienced Trust and Estate Planning Attorney Available for You
Jesse Kalter Law, P.C.’s team offers affordable options for estate planning and trusts. He and his team stand ready to help you develop a comprehensive and affordable estate plan or trust. They will ensure that these processes meet your needs while you are alive and facilitate a smooth transition of your assets to your descendants. You will never work with a paralegal in these matters. The attorney works face-to-face with you and do all the heavy lifting to make sure that the special needs of your family are met long after you are gone. These matters can be very sensitive, and our attorneys have the experience to support you through these troubled times. Whether you are defending a trust or disputing one, they are ready to fight for you.
Your Final Wishes are Ensured When You Hire an Experienced Probate Lawyer
A probate lawyer can simplify the weeks and months after the death of a family member. The death of a loved one is a difficult process to endure. Not only do you have your own grief to deal with, but you might also carry the heavy burden of being named the executor of the deceased estate. Nevada probate law can be confusing and stressful. A probate attorney is versed in Nevada law and will guide you over the pitfalls and pains of this very difficult process.
What is Probate Law and What does a Probate Lawyer Do?
Probate law is the legal process used to distribute the estate, i.e. the debts and assets of a person who has passed away. There are several mandatory legal steps that must be followed to successfully navigate through the probate process. If those steps are not followed, you may become personally liable and/or must start the probate process all over. An experienced probate lawyer can guide you through this difficult time and ensure the best possible outcome for all parties involved.
Different Probate Processes for Different Estates
The value of the estate dictates the probate process. For smaller estates, i.e. estates worth less than $100,000.00, it can take as little as 6-8 weeks from start to finish. For estates valued between $100,000.00 and $200,000.00 it takes approximately 4-6 months, and for estates valued over $300,000.00 it takes at least 6 months. Sometimes estate assets must be sold within the probate to satisfy estate debts which may prolong the probate process. Hiring an experienced probate lawyer will make sure that you complete all the necessary steps to the satisfaction of the law and court.
Jesse Kalter Law, P.C’s Team of Trusted Probate Attorneys are Here for You
Unlike other probate attorneys who hand their probate work to their paralegal, at Jesse Kalter Law, P.C. you will work hand in hand with your lawyer who is always available to answer all your questions or concerns. Jesse Kalter Law, P.C. has the most competitive probate prices. If the initial cost to initiate the probate process is an issue, Jesse Kalter Law, P.C. can show you how to legally use funds from the deceased estate to cover the probate process.
Jesse Kalter, P.C. serves Reno, Sparks, Carson City, Fallon, Fernley, Dayton, Yerington, Douglas County, and all other Northern NV rural counties.