PROBATE VS. REVOCABLE TRUSTS: THE REAL COST TO YOUR FAMILY
The time necessary for a probate proceeding in Southern California has risen dramtically due to Covid-19. A conservatorship proceeding for an impaired family member is laborous and emotionally draining. Christopher Abrams, head attorney at the Law Offices of C.R. Abrams, P.C., says "while most seniors are aware they need an estate plan to avoid probate and conservatorship, many get confused and discouraged when deciding how to proceed. The Law Offices of C.R. Abrams, P.C.'s primary goal is to advise our clients on the benefits and peace of mind an estate plan provides." A revocable trust is a legal entity which enables assets, titled in the name of the revocable trust, the ability to avoid probate supervision. The trust allows beneficiaries to inherit quickly and without court supervision. It is a private document, so creditors and general public have difficulty discovering the Trustor's (owner's) assets and plans for distribution. A revocable trust also contains language to prevent beneficiaries from contesting the terms of the trust; should a beneficiary choose to contest the terms and fail, the contesting beneficiary will lose any distribution he/she/they were guaranteed in the trust document. In the event of incapacity/ incompetency, the revocable trust has language so that the Trustor can designate someone to assist him/her/them in the event of sickness and without court supervision. Limitations are in place to safeguard so that this power cannot be abused. The Law Offices of C.R. Abrams, P.C. has a unique perspective on revocable trusts, they should be affordable for everyone. The Law Offices of C.R. Abrams, P.C., has two office locations in California, one in Southern California and one in Northern California. (The firm has been in operation for over 25 years and they have provided over 15,000 estate plans for Californians). They offer an entire estate plan for just $799. The firms typical estate plan includes: a revocable trust, last will and testament, financial power of attorney, advance health care directive, certification of trust and additional documents. Unlike competitors and internet self-help websites, the Law Offices of C.R. Abrams, P.C. provides easy access to an attorney and also provides asset transfer documentation assisting the client in transferring all real property, bank accounts, and personal items into the trust. Notary service is also included, free of charge. Old-fashioned customer service is at the forefront of the firm's business model. The estate plans are easily understandable and simple for the trustee to administer. The firm provides real-time support in the maintenance and care of the trust. After major events like incapacity or death, family members are entitled and encouraged to rely on the firm for legal guidance with trust distribution and administration. To attend a Free Revocable Living Trust Seminar in your area, or to join a Zoom Living Trust Webinar, visit our website at crabrams.com or simply call The Law Offices of C.R. Abrams, P.C. for more information and to register. 27281 Las Ramblas Mission Viejo, CA (833) CRABRAMS (272-2726) www.crabrams.com