My 7-Step Estate Planning
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And Will Help You Become a (Bigger) Hero to Your Family!
Eric did an excellent job creating our Living Trust. His work was very detailed and thorough, and at a very reasonable cost.
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Law Office of Eric
Ridley and Estate Planning in Ventura, Santa Barbara & Los Angeles Counties
Preparation is key when it comes to ensuring the well-being of your loved ones. When you take the time to plan ahead, you are giving yourself and your family peace of mind. There are a number of things you can do to get started with estate planning, including the following:
- Talk to who? Meet with an attorney who focuses on estate planning. I can help you create a plan that fits your specific needs and meets all legal requirements.
- Make a will. This is a very important document when it comes to estate planning. It lays out what your wishes are for your property after you die.
- Create a living trust. This allows you to designate someone to oversee your assets after you die and can help avoid probate court.
Taking the time to do estate planning is one of the smartest things you can do for your family. Let me help you reach your goals and provide you with the care and service you deserve.
Estate Planning | Probate | Asset Protection
What is Estate Planning?
No Matter How Large Or How Modest, Everyone Has An Estate And Something In Common – You Can’t Take It With You When You Die.
Everyone has an estate and something to inherit. Whether you’re wealthy or poor, young or old, healthy or sick, rich or broke, you still have an estate and something to leave behind.
Estate planning helps you avoid paying taxes by making sure your estate is distributed according to your wishes. By doing so, you can reduce the cost of administering your estate and save on taxes.
Your heirs also won’t have to go through probate to get access to your assets.
My Three-Step System
How Can an Estate Planning Lawyer Help Me?
I have helped countless clients create estate plans that protect their assets and ensure that their wishes are carried out accordingly. If you are ready to take the first step in protecting your estate, contact me today.
- Identify all of your assets and how they should be distributed
- Determine who will receive your assets and when they will receive them
- Minimize estate taxes and capital gains taxes
- Make sure your children are cared for if something happens to you
- Create a plan that can be amended as your life changes
I have helped countless clients create extensive estate plans that protect their assets and ensure that their wishes are carried out accordingly. If you are ready to take the first step in protecting your estate, contact me today.
Eric is a true professional. He is extremely thorough, knowledgeable, and patient, always with a pleasant uplifting tone to his voice.
How Does Probate Work In California?
The death of a beloved one can be very upsetting. However, you might have responsibilities even while dealing out with your grief. You should handle the affairs of the deceased person’s property and assets. This can be a difficult task that will require a lot of time and effort. Probating an individual’s will is the official procedure by which a will is acknowledged and the executors appointed to administer the deceased’s property.
In California, probating is both expensive and lengthy; basic steps exist for the probation of wills in California, which is somewhat similar to every other jurisdiction. Though these steps may seem straightforward, they can be complicated if there are disagreements among the parties involved.
A probated will must be filed with the proper authorities in order to be officially recognized. The will itself must be submitted to the courts. The executors of the will must then locate and list all known assets and values. Creditors must be informed by letter or published notices in the local newspapers. The executors pay all debts, close the decedent’s account, and pay any outstanding tax liabilities. A request is made for the probated will to be closed. Once the will is approved, the executors distribute the remaining assets to the heirs.
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Eric did an excellent job creating our Living Trust. His work was very detailed and thorough, and at a very reasonable cost. I(…)
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Why Should I Hire an Estate Planning Lawyer?
There are a lot of reasons why you might want to consider using a lawyer instead of an online will or trust service. Here are just a few:
- You’ll get peace of mind knowing that your will or trust is legally binding, properly created, and properly implented. Online services may not be, which could create problems down the road.
- A lawyer can help you navigate the complex world of estate planning. There are a lot of moving parts, and it can be tough to know what you need to do to protect your assets and your loved ones. Online services are ‘one-size-fits-all.’ You are NOT. Your family is unique. Your finances are unique. Your values, your wishes are unique.
- A lawyer can help you plan for the future in a way that an online service simply can’t. I can take into account your unique circumstances and come up with a plan that’s best for your family and for your wishes.
I Will help guide You to Financial freedom
I choose to practice the areas of law that I do (Estate Planning, Wills, Trusts, Probate, & Bankruptcy/Debt Freedom)
so that I can help real people get back to focusing on what’s truly important:
Your family, your loved ones, your health, and your work.
Legal matters are stressful, but that doesn’t mean I can’t shoulder that burden for you. My job is to take on your stress so that you can live a life with more freedom, security, and happiness.
Here are the ways I make things easier for my clients.
I keep my schedule flexible so that I’m available when you need me, especially for your free consultation.
I will be on time for our scheduled calls.
We will schedule calls and online meetings after work or whenever makes the most sense for you. And whenever I can’t come to the phone, I will return your call, text, or email within 48 hours
We can accomplish everything through phone, zoom, texts, and emails.
I make this process simple. At least as simple as a will, trust, estate plan, or bankruptcy can be.
I am 100% on your side. I’m a pretty nice guy, but I’m not going to let anyone get away with abusing any of my bankruptcy or estate planning clients.
Everything you and I do together will be 100% confidential. I wlll zealously protect your privacy along with your freedom and your security.
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What are some common estate planning documents?
We may advise that you use any of a variety of estate planning documents, depending on your needs. Some common documents include wills, trusts, financial powers of attorney, health care powers of attorney, living wills, and many more. It is critical to work with an experienced estate planning attorney to design a plan that meets your specific needs, circumstances, and desires. Wills are the most common type of estate planning document. They allow you to specify how you want your assets to be distributed after you die. Trusts are another common type of estate planning document. They can be used to protect your assets and provide for your family after you die. Living trusts can also be used to pass more money on to your loved ones, to protect children, and for many other purposes.
What is a Power of Attorney?
A power of attorney is a legal document that allows you to appoint someone to act on your behalf in the event that you are unable to act for yourself. There are two types of power of attorney: general and special. A general power of attorney gives your agent authority to act on your behalf in any situation. A special power of attorney gives your agent authority to act only in specific situations. It is important to choose an agent who you trust implicitly and discuss with them what powers they should have.
What is a Trust?
A trust is a legal document that allows you to appoint someone to manage your assets and distribute them according to your wishes after you die. There are a variety of trusts, including revocable trusts, irrevocable trusts, and living trusts. A revocable trust can be revoked or changed at any time, while an irrevocable trust cannot be changed once it is created. A living trust is created while you are still alive and becomes effective upon your death. Trusts can be used to protect your assets and provide for your family after you die. It is important to work with an experienced lawyer to create a trust that meets your specific needs.
What are the benefits of using a trust?
There are a number of benefits to using a trust, including the following:
Protection of Assets: A well-drafted trust can help protect your assets from creditors and lawsuits. This is especially important if you have children or other loved ones who may be vulnerable to lawsuits or creditor claims.
Tax Savings: Trusts can offer significant tax savings opportunities, especially if they are set up correctly. For example, a properly structured taxable trust can save on estate taxes when the owner dies.
Privacy: Trusts can offer greater privacy than other types of estate planning documents. For example, a trust does not have to be filed with the court like a will. This means that your affairs will not become a public record.
What happens if I die without a Will?
If you die without a will – and in many cases, even if you die WITH a will – the state will distribute your assets in accordance with probate laws. This can lead to delays, confusion, and unnecessary (and very high) costs. It is critical to have (at a minimum) a will in order to ensure that your wishes are carried out in the most efficient way possible. A lawyer can help you draft a will that meets your specific needs.
What is Probate?
Probate is the legal (and slow, and expensive) process of settling a person’s estate after death. This includes identifying and inventorying all assets, paying any debts and taxes, and distributing what’s left to the beneficiaries named in the will. If there is no will, state law determines who gets what.
The probate process can be lengthy, frustrating, and expensive, so many people choose to plan for their estate in advance. There are a number of ways to do this, including creating a trust or setting up a living trust. These arrangements can help minimize the hassle and expense of probate and make sure your beneficiaries receive what you want them to have.
How do I set up a trust?
You will need to consult with an attorney or financial advisor to create a trust. The trustee will need to be named, and the terms of the trust should be spelled out in detail. Once the trust is created, assets can be transferred into it. It is important to keep in mind that once assets are transferred into a trust, they can no longer be accessed by the grantor. This is why it is important to consult with an attorney o beforehand to make sure a trust is the best option for you.
Is Eric Ridley the Right Lawyer for Me?
I’ve made standing up for others my life’s work because to me, nothing compares to the feeling of satisfaction I get when I’m able to make a client’s life better by solving their stressful problems or by helping them out of a jam. I’m passionate about making your life better, easier, and less stressful.