It’s commonly believed that trusts are exclusively for the benefit of those who have amassed significant wealth. In truth, virtually any kind of asset of any value can be held in a trust– cash, stocks and bonds, life insurance policies, real estate, artwork, even Grandma Sadie’s diamond ring and Uncle Hal’s golf clubs. The advantages of creating a trust include:
- Minimizing or avoiding estate taxes
- Providing for minor children according to individual needs
- Caring for the needs of physically or emotionally challenged loved ones
- Planning for blended families
- Arranging for the continuation of a family business
Knowledge. Experience. Sensitivity.
Creating an estate plan carefully structured to afford retention of wealth and support for your loved ones is key to peace of mind. It is also the first step toward avoiding the emotional trauma that stems from unnecessary litigation.
Selecting an attorney who can competently and effectively accomplish your goals is a critical component of your overall plan.
You are invited to experience the distinctive style of Frayda Bruton Law. Here, strategies are meticulously implemented to minimize tax consequences and to streamline the planning and administrative processes. What’s more, you experience a dimension of understanding and compassion that enhances the legal solution.
Post-death administration can be a challenging process following the loss of a friend or loved one. In California, estate administration can be complex, time-consuming, and costly. Understanding that anyone in this situation requires calm confidence in approaching your unique situation as a partner who will listen and assess your needs is what sets Frayda Bruton apart from larger firms.
While Estate Planning streamlines the administration process, un-planned estates can carry unknown assets associated with unknown costs. Without a seasoned administrative guide, you may not know what you’re facing until you’re in it. Entering into the process of identifying assets & debts, gaining control of properties, settling debt, and distributing property to beneficiaries is where starting with experience-driven peace of mind will make a world of difference.
Even the simplest of needs can end up being overly complex, from getting mail forwarded to finding out who is owed money, to identifying what the assets really are. With upcoming changes in California Law, these situations will be overwhelming to find solutions on your own.
- Identification of assets
- Identification of debts & creditors
- Gaining control of assets
- Settling with creditors
- Distribution of property
The most valuable assets Frayda Bruton can provide are trust and peace of mind. Even with smaller estate’s individuals who attempt to take it on themselves quickly end up getting into barriers that are unforeseen. Simple things, like:
- Mail Forwarding
- Obtaining death certificates
- Clarifying inheritances
- Working with creditors
- Understanding new wealth
Should you find yourself in a place of uncertainty regarding post-death management or execution of a trust and are looking for individualized service, please reach out; it all starts with a conversation. Book a consultation to get started.