What is a Special Needs Trust? In general, a trust is created when property or assets are managed by a person or firm for another person’s benefit. The person or entity who manages the trust
What is Estate Planning?
Estate Planning allows you to determine how your property will be managed while you’re living, how it will be distributed at your death, specify your health care wishes in case you are incapacitated and ensure your loved ones are provided for in your absence.
The flexibility of trusts make them an appealing planning tool. A trust can eliminate the need to appoint a conservator for your estate should you become incapacitated and eliminate the need for probate at your passing.
Special Needs Trust
This special type of trust allows individuals with disabilities to have an unlimited amount of assets in a trust without disqualifying them from government benefits.
Asset Protection Trusts
This type of trust provides creditor and divorce protection for your beneficiaries.
Durable Powers of Attorney
This document allows you to name an agent to make financial decisions for you in case you are incapacitated in any way.
Advanced Health Care Directive
A healthcare directive allows you to designate an agent to make medical decisions for you in case you cannot speak with a doctor yourself.
Unlike the probate process, trust administration is a not a court-supervised process. If you have been named as the Trustee of a loved one’s Living Trust, there are certain steps you need to take.
In the event a loved one dies without an estate plan in place, we can help you determine if probate is needed and walk you through this process.
It is a common practice for parents to treat their children equally when it comes to inheriting property or money. But sometimes, parents intentionally choose to not leave anything to a child, and the reasons
We all had our eyes on the election results last week. For Californians, we have a few law changes that might impact our property taxes. Basar Law wants to help Californians understand the shifts caused