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Category: Estate Planning

Estate planning services refer to the process of managing and distributing one's assets and properties after their death, in a way that ensures the smooth transfer of wealth to the intended beneficiaries while minimizing taxes and other expenses. Estate planning services may include drafting legal documents such as wills, trusts, and powers of attorney, as well as providing guidance and advice on strategies for asset protection and wealth transfer. These services may be provided by lawyers, financial advisors, or other professionals with expertise in estate planning. Effective estate planning can help individuals achieve their long-term financial goals and provide peace of mind for themselves and their loved ones.

Revocable Transfer on Death Deed: What to Know - Werner Law

Revocable Transfer on Death Deed: What to Know

POSTED ON: April 14, 2022 BY: Troy Werner
What we own in life must be divided among the living when we die. It’s one thing to carry our favorite necklace or a wedding ring into the earth, but another to cling to the family home or the vintage convertible.  The purpose of a last will and testament is to put a person’s wishes, […]
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What Is Generational Wealth and How Do You Build It? - Werner Law

What Is Generational Wealth and How Do You Build It?

POSTED ON: April 11, 2022 BY: Troy Werner
We all dream of leaving behind a financial legacy to see our children through successful lives – to ensure their dreams and the dreams of their children can be made possible, through the hard work we endure in our day-to-day. But the reality can be starkly disappointing. The majority of “generational wealth” disappears by the […]
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Form 1041 Instructions Explained - Werner Law

Form 1041 Instructions Explained

POSTED ON: April 4, 2022 BY: Troy Werner
An estate consists of everything you owned in death. A trust is a legal entity funded by your property and managed by a third-party trustee for the sake of your chosen beneficiaries. In both instances, these are accumulations of property and assets meant to be passed onto others at some point after your death (usually). […]
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The Importance of a Succession Plan Within Your Estate Plan - Werner Law

The Importance of a Succession Plan Within Your Estate Plan

POSTED ON: March 31, 2022 BY: Troy Werner
There comes a time when it is prudent to think about life after death. Not necessarily in a philosophical or theological sense, but in a logistical one. We each have tangible and intangible things attached to our name, whether it is a bank account, a boat, a home, an investment property, or a business. These […]
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springing power of attorney - Werner Law

Defining a Springing Power of Attorney in California

POSTED ON: March 29, 2022 BY: Troy Werner
Estate planning tools can be powerful when used appropriately. A power of attorney can be used to grant designated individuals, or “agents”, the right to act on your behalf, whether in a limited capacity or to fulfill a single purpose. Different power of attorney documents is used for different purposes.  Most of the time, a […]
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Why You Should Avoid Do It Yourself Wills and Trusts - Werner Law

Why You Should Avoid Do It Yourself Wills and Trusts

POSTED ON: March 27, 2022 BY: Troy Werner
Wills and trusts are two common elements of a comprehensive estate plan, and if you were to believe various online services and websites, they do not seem very hard to draft and create by yourself. But do not be fooled into thinking that a cheap or free estate planning software can substitute the legal advice […]
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What is a Restatement of Trust in California? - Werner Law

What is a Restatement of Trust in California?

POSTED ON: March 15, 2022 BY: Troy Werner
Trusts are powerful and versatile legal entities, allowing for asset protection, the elimination of conflicts of interest, minimizing tax liabilities, and the quick distribution of wealth before and after death. Yet to perform any of these functions, trusts must be written and managed in a certain way. There is a lot that goes into developing […]
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What is a Bankruptcy Petition? - Werner Law

What is a Bankruptcy Petition?

POSTED ON: March 8, 2022 BY: Troy Werner
Filing for bankruptcy can be a harrowing experience. When filing as an individual, you must prepare to lay yourself bare financially and be open to an intense audit of your personal and business dealings. Whatever is left to your name will be divided among your creditors, and all but the bare minimum will be stripped […]
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How to Change a Will in California - Werner Law Firm

How to Change a Will in California

POSTED ON: February 28, 2022 BY: Troy Werner
Your last will and testament is only your last will and testament so long as you do not make a new one. And there is really nothing standing in your way to making a new one. But what if you only want to change one line? Make one small amendment? Take one beneficiary out? Add […]
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How a Transfer on Death Deed Avoids Probate - Werner Law

How a Transfer on Death Deed Avoids Probate

POSTED ON: February 21, 2022 BY: Troy Werner
On a literal level, most wealth is transferred on death. But a Transfer on Death deed is separate from setting up a will or funding your assets into a trust. Transfer on Death, also known as TOD, is a clause or deed designating a beneficiary as inheritor of an asset or account upon your death, […]
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The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship. See full disclaimer here.
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