When should you create an estate plan? It’s never too soon to start.Click Here
Understand the details of probate and why you might want to avoid it.Click Here
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At Herrig & Vogt, LLP, we understand that it is important to many individuals that they are able to mitigate the excessive time and costs that probate can cause their loved ones. Our Roseville probate attorneys have more than a century of combined experience, throughout which we have gained comprehensive understanding of steps that you can take to avoid probate. We have the experience you need to help protect your family from the long and stressful process of probate.
Some of our attorneys have been rated AV Preeminent® by Martindale-Hubbell®, which is a peer review system that showcases our recognition in the industry for professionalism and excellence. This means that you can trust our legal knowledge and judgment to be efficient, and our quality of service and counsel to be first-rate. Contact our firm to learn more about what we can do for you.
In addition to drafting a revocable living trust, there are options for transferring your assets upon death without subjecting them to probate. One of the most common ways to prevent your property from probate is to assign death beneficiaries to your financial assets. Through this method, you designate an individual to take over certain funds and accounts upon your death. This designation transfers ownership of the fund when you pass which means the asset is no longer part of your estate and is thus ineligible for probate.
Through retirement accounts, you are free to name whomever you want to inherit your account. However, if you are married, your spouse may have the inherent right to some or all of the funds. When you set up a Payable on Death bank account, the named beneficiary brings identification to the bank to collect the account. With a Transfer on Death registration, you sign an agreement when you purchase a car or make an investment to directly transfer ownership after your passing.
When you share ownership of your property, the right of survivorship outweighs probate law. Essentially, when a joint owner of an asset passes away, the surviving owners inherit his or her portion of the ownership. The property is never considered part of the deceased owner's estate. This typically requires a written document that establishes the joint ownership and the right to survivorship, which our Roseville probate lawyers can help you complete.
At Herrig & Vogt, LLP, we are dedicated to helping individuals prepare for the administration of their estate after they pass. Our Roseville probate attorneys can help you understand your options for establishing inheritances and transfers of ownership in manners that avoid the complicated probate process. We understand that you want to protect your loved ones and your assets and are prepared to provide high-quality legal counsel to help you do so.
Schedule your free consultation today to start planning your estate!
At our law firm, our legal team brings more than 100 years of combined experience to every case. Several of us our top-rated by peers for exceptional ethics and legal ability, known for delivering client-centered counsel for any legal issue. Discover how we can be of service in a no cost, no obligation case review.