Trusts & Wills
Estate planning is one of the most important steps you can take to ensure your family and loved ones are protected and provided for after your death. By working with a highly skilled and competent attorney to plan your estate, you can have direct control over how your property, assets, and money will be divided and allocated. However, estate planning can be an incredibly complex process. For this reason, it’s in your best interest to work with an estate planning attorney who has the resources and experience to guide you through the estate planning process, and provide you with much needed advice along the way.
Orange County Estate Planning Attorney Kristin Yokomoto has years of experience helping people like you create a will and/or trust. By creating a high-quality will and/or trust, you will save your family and beneficiaries the headache of going through the probate process, which is not only expensive, but will also put your assets in the hands of probate court. Furthermore, by establishing a will and/or trust, court-ordered conservatorship will be avoided and inheritance and property taxes will be reduced and/or limited.
A trust is a written contract that outlines how an individual’s assets and property will be controlled, divided, distributed. Creating a solid trust is one of the most important things you can do to ensure that your family is provided for after your death. There are two main types of trusts: revocable living trusts and irrevocable living trusts.
Revocable Living Trusts: a trust that is created while the grantor is still alive and can be amended or changed for any reason while the grantor is still alive. Furthermore, even after a revocable living trust has been created, the grantor can revoke the trust at any time and for any reason while he/she is still alive.
Irrevocable Living Trusts: a trust that is created while the grantor is alive, but cannot be amended or changed once the trust has been established.
In addition to revocable and irrevocable living trusts, there are a variety of other types of trust and estate planning tools that can be established to meet your unique needs. Kristin Yokomoto can assist you in setting up:
- Life Insurance Trusts
- Retirement Trusts
- Charitable Trusts
- Advanced Health Care Directives
- HIPPA Authorizations
- Powers of Attorney
A will is a legal document that states how a person would like his/her assets, property, and money divided and distributed after his/her death. It’s important to keep your will as up-to-date and specific as possible so there is less confusion and contention between your beneficiaries. An experienced estate planning lawyer can help you amend your will to reflect your changing needs and desires. Attorney Kristin Yokomoto can assist you in creating both simple wills and pour-over wills.
Simple Wills: simple wills are ideal for individuals whose estate is valued at less than $100,000. However, it is always wise to consult an experienced estate planning attorney, especially if you have complex assets and/or many beneficiaries you wish to name in your will.
Pour-Over Wills: Pour-over wills work in conjunction with a trust. If you have assets outside of your trust, they may be subjected to probate. However, by creating a pour-over will, you can specify how you want the assets held outside of your trust to be divided and distributed after your death. After your death, all of your assets outside of the trust will be transferred back into your trust, which will be divided and distributed based on the provisions and rules set up within the trust. Without a pour-over will, probate is inevitable. By creating a pour-over will, you can ensure that your beneficiaries are not subjected to the lengthy and expensive probate process.
Contact Orange County Estate Planning Attorney Kristin Yokomoto
When you retain the services of Kristin Yokomoto, she will work closely with you to identify your unique goals, and help you plan a customized, comprehensive estate plan that reflects the needs and best interest of you and your family. After reviewing your information, Kristin can determine the best way to transfer your assets, and take the proper steps to make sure your money, property, and assets get into the right hands after you pass on. Kristin prides herself of establishing trustworthy, supportive relationship with her clients, so you feel comfortable sharing your most personal and confidential information. Too many people get stuck when trying to plan their estate, mostly because they get frustrated and put if off, thinking they have plenty of time to create a will/trust in the future. Kristin wants you to know that estate planning does not have to be overwhelming. Kristin is here to help you and your family achieve your specific goals, so you can have the peace of mind knowing that your family and loved ones will be taken care of.
If you would like to set up a free initial consultation with Orange County Estate Planning Attorney Kristin Yokomoto, please contact the office at (949) 769-3448. Kristin also offers estate planning services to residents of Los Angeles County and San Diego County.