Estate Planning
The attorneys at InHouse Co. Law Firm understand the importance of an estate plan and provide estate planning services for estates of all sizes. For many families protecting their primary residence is their main concern, or perhaps, the goal for a family may be to preserve wealth for future generations. Regardless, InHouse Co. is dedicated to preserving the hard earned assets of our clients. Each family is unique and each family has its own goals and desires. Whatever the case may be, the attorney's at InHouse Co. Law Firm can effectively guide you from the initial planning process till all necessary documents have been drafted and finalized. The need for an estate plan is extremely important as an effective estate plan provides for the distribution and management of your assets upon death, in addition to addressing future needs if you are no longer able to take care of yourself.
Not having an estate plan (either a Trust or a Will ) in place at the time of your death leads to Intestate Succession, which gives the state of California control over how your assets will be distributed upon your death. An estate plan also helps in avoiding the Probate process, by placing the distribution of the estate outside the court system which can save a family time and money. Further, an estate plan may provide tax benefits as certain devices can effectively minimize income, estate, gift, and generation-skipping transfer tax liability.
The estate planning services that InHouse Co. Law Firm provides include the following:
- Revocable Living Trusts
- Wills
- Powers of Attorney
- Advance Health Care Directives
- Life Insurance Trusts (ILIT)
- Qualified Personal Residence Trust (QPRT)
- Grantor Retained Annuity Trust (GRAT)
- Family Limited Partnerships (FLP)
- Chairtable Remainder Trusts
- Chairtable Lead Trusts