Probate vs. trust: which is right for your estate?
Comparing the Pros and Cons of Probate and Trusts for Your Estate Planning Needs Estate planning is an important part of ensuring that your assets
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Laguna Legal provides Aliso Viejo probate services including the filing of necessary paperwork and serving of interested parties. We are not Aliso Viejo probate lawyers, this means you will save thousands in lawyer fees. You will need to represent yourself in probate court, which is not difficult when all your documents are in order.
After someone dies, probate is the judicial process through which their assets are distributed. The Aliso Viejo probate process can be lengthy, sometimes taking years and costing thousands of dollars in legal fees. At Laguna Legal, we can save you time and money by handling your Aliso Viejo probate process.
The Aliso Viejo probate process typically takes one year to complete. Our office will prepare and file the Petition for Probate, notify all heirs, arrange the required publication, work with your probate referee and finalize the process by filing a final accounting with the court. Any real estate can typically be sold within 3-4 months of filing the initial petition.
You can avoid probate in Aliso Viejo by setting up a Living Trust. Laguna Legal can help you prepare and retitle your real estate in the name of your trust to avoid probate. We charge a flat fee of $950 for a complete estate plan for a single person. A complete estate plan includes the following important documents: Revocable Living Trust, Certification of Trust, Pour-Over Will, Durable Power of Attorney, and Healthcare Directive.
When someone dies with a will (testate) or without a will (intestate), their assets can be passed on to their heirs using a court process called “Probate”. If your loved one passes away with real estate (regardless of value) or other assets valued above $166,250 and the assets are not titled in a living trust, you must file for probate for the Aliso Viejo probate court to order the distribution of those assets.
Aliso Viejo, California probate is required if you die with assets such as real estate (regardless of value) or bank accounts and investment accounts above $166,250. Financial institution accounts with a value below $166,250 can typically be unlocked using a Small Estate Affidavit. Laguna Legal can help you prepare a Small Estate Affidavit, if needed, or we can help you prepare and file the complete probate. Since we are a legal document service and not an attorney, you would need to represent yourself at the required hearings but Laguna Legal can help you with the preparation and filing of all the required court forms.
If your loved one passes away with real estate (regardless of value) or other assets valued above $166,250 and the assets are not titled in a living trust, you must file for probate for the court to order the distribution of those assets. If you don’t file probate in Aliso Viejo, then the property can be foreclosed upon (if there is a loan or tax lien) or the government can take the assets.
The Aliso Viejo probate process typically takes one year to complete. Our office will prepare and file the Petition for Probate, notify all heirs, arrange the required publication, work with your probate referee and finalize the process by filing a final accounting with the court. Any real estate can typically be sold within 3-4 months of filing the initial petition.
The assets that are subject to probate in Aliso Viejo are real estate (regardless of value) bank accounts and investment accounts above $166,250. Financial institution accounts with a value below $166,250 can typically be unlocked using a Small Estate Affidavit. Laguna Legal can help you prepare a Small Estate Affidavit if needed or we can help you prepare and file the complete probate. Since we are a legal document service and not an attorney, you would need to represent yourself at the required hearings but Laguna Legal can help you with the preparation and filing of all the required court forms.
Learn more about how we can help you to prepare and file the necessary probate paperwork, as well as notify interested parties.
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We’ve been providing Southern California with Excellent Legal Document and Divorce Mediation services since 1998.
We service the following counties: Orange, Los Angeles, San Bernardino, Riverside, San Diego, San Luis Obispo, Kern, Santa Barbara, Ventura and Imperial.
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Address:
Laguna Legal Headquarters
24800 Chrisanta Drive, Suite 200
Mission Viejo, CA 92691
Phone:
800-497-9850
Fax:
949-497-9877
Email:
team@lagunalegalhelp.com
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