Planning for your death can be a daunting thought, but it’s a reality we all have to face and should prepare for. To ensure that your loved ones will receive the support they need, its best to make an estate plan before you leave this world. Tumer & Sharif are experienced in many will and trust solutions.
The last thing people want to think about is their death. But as much as we want to avoid it, it is an inevitability we all must face. Preparing for your death is a smart and compassionate choice for the love ones you leave behind. We have seen too often family members fighting over the deceased estate. Sometimes the rightful inheritor is deprived of the estate by people who attempt to get a “piece of the pie.” The result of this can lead to years and years in probate court, costing family members much anguish, breaking of family ties and possibly losing a large chunk of the estate to attorney fees. Preparing a will helps settle many future unnecessary conflicts.
At Tumer and Sharif we draft wills to your specific needs making sure that all your final wishes are met while remaining compliant with California laws. As there are many options for your final bequests we will provide you with all viable options so that you can make and informed decision. Do not wait until its too late. Far too many times we have seen clients drag their feet when it comes to contemplating and executing a will. We are here to make the process as smooth as possible so that your family and loved ones are provided for according to your wishes.
Types of Wills
Pour Over Wills
Trusts serve as a powerful estate planning tool. They can help avoid the lengthy and painful probate process, offer considerable tax savings, and much more. Trusts give a person the ability to control the finest details of his or her estate and for this reason, many choose to create a trust. There are types of trusts, each of which provide different benefits and consequences. For example, irrevocable trusts transfer ownership and control of the asset during the lifetime thus making the giving of the asset a life-time gift instead of a gift after death and charitable trusts benefit charities and can sometimes help avoid estate taxes upon death. Speak to an attorney about the pros and cons of each trust and what would best make sense for you as each trust carries different tax and control consequences.
Regardless what option the client may choose, Tumer & Sharif will be there to guide the client every step of the way to ensure the will conveys the wishes of the testator and is properly executed under California law.