San Jose Will Attorneys
A Lawyer for the Creation of a Simple Will: Protect Your Family's Welfare
A lawyer for the creation of a simple will can help protect your family's long-term welfare. Any individual or couple with financial investments, children, or assets will benefit from a will. The Campbell Law Office in San Jose serves individuals and families throughout Northern California with wills, trusts and estate planning.
Because of our extensive experience with wills, trusts and other estate planning issues, we can assist you in creating a tailored will to protect your financial interests, your loved ones and the future well-being of your family. You may have questions for your lawyer related to simple wills. We have answers and can explain how we can best help in your particular situation:
- Representation for young families who want to make sure their children are protected with proper legal arrangements
- Health care directives and powers of attorney should you become incapacitated
- Designation of assets and determination of beneficiaries for couples with significant assets
- Individuals and families whose net worth is under $150,000 and do not need more complex planning involving taxes or trusts.
Simple wills can be an effective estate planning tool. They often are an excellent choice for young couples or individuals who do not have a high net worth or who do not have vast assets.
A will works best in conjunction with other estate planning techniques. If most of your assets can be transferred though a beneficiary designation or through joint tenancy and you do not have minor children, then a simple will is probably all that you need. The state of California allows the transfer of up to $150,000 without the need for a probate. Assets that are in joint tenancy or have a beneficiary do not count towards the $150,000.
Advantages of Having a Simple Will
A simple will can accomplish all of your estate planning needs. You can do anything with a will that you can do with a living trust. The main disadvantage is that a will requires probate if your estate is over $150,000 or if you own real property.
You can even put a trust in a will that will become effective at your death. This is called an inter vivos trust, and can be used to provide for your children or other beneficiaries after your death. However, if a complex will is needed, it is often better to consider a living trust. A living trust is more flexible and does have the advantage of avoiding probate.
Free Attorney Consultation
For a free consultation with an experienced Santa Clara simple will lawyer, contact the Campbell Law Office in San Jose for an appointment: 408-277-0648 or contact us by e-mail.