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FAQ

What and how do you charge?
Since our planning services are personalized for each client, it’s only after we have a feel for your needs that we can determine what level of planning, and therefore fee level, best fits you. But unlike traditional estate planning attorneys, who charge by the hour, we charge flat fees—that way there are never any surprise bills, even if you need extra time or attention. Our goal is not to charge clients for every minute we spend with them; our goals are to put a plan together that’s tailored for you and your family, and to walk you through an easy, smooth, comfortable process. And since your goal is to protect your whole family wealth, our services are truly an investment, not a cost.

Should I choose an attorney who is in my area?
It’s not absolutely necessary, but it is ideal. The biggest reason is that way you can meet with them face to face. Creating an estate plan isn’t a one-time transaction. Because your plan needs on-going maintenance you should choose an attorney that you can establish a long-term relationship with. Someone you like, who will get to know you, and who will be a trusted advisor for you and your loved ones in times of need.

What is a trust?
A trust is a very powerful estate planning tool that can help avoid the time and expense of a court supervised probate, provide estate tax planning, and in some circumstances protect assets from lawsuits and divorce. A trust is a legal arrangement memorialized by a legal document containing instructions and guidance on how it works. But since a trust is nothing more than a collection of words on paper it needs a person to actually carry out its instructions. This person is called the trustee and they are charged with managing the trust assets for the beneficiary and following the trust’s instructions for allowing the beneficiary access to the assets. The beneficiary is the person who is entitled to use or receive the trust assets.

Trusts come in two varieties – revocable and irrevocable. The revocable trust is the cornerstone of many foundational estate plans, while the irrevocable trust is used for more advanced planning. A well-drafted revocable trust allows the trustmaker (also called the trustor, settler, or grantor) to hand-pick the trustee who will manage the trust assets for the trustmaker if the trustmaker becomes incapacitated.

How do I know if I should work with a lawyer?
You would benefit from working with a lawyer if:

  • You own more than just personal belongings, such as cars, clothing, jewelry or furnishings.
  • You want to ensure that the people you love will have a trusted advisor to turn to when you are gone.
  • You want to avoid probate or estate taxes or protect your children’s inheritance.
  • You want to guarantee your plan will work when your family needs it.

Should I work with a Life Transitions Lawyer?
If you decide that you would benefit from working with a lawyer, your next decision is what kind of lawyer – a traditional estate planning lawyer or a Life Transitions Lawyer. Depending on what you decide, the experience will be very different.

A traditional experience often goes something like this: You meet with a lawyer who makes things seem complicated or confusing. The lawyer prepares your documents for you. You sign them and put the binder on a shelf at home. While the documents probably will help your estate avoid probate and estate taxes, it likely leaves assets unprotected and doesn’t adequately protect your kids. And if you need to ask questions or decide your plan needs changing it will be done at an hourly rate.

A Life Transitions Lawyer works more like this: You create a long-term relationship with your attorney, who provides a lifetime of guidance for you and your loved ones. Your attorney gets to know you, your needs, goals and values and creates a plan with you that is tailored just for you. The plan ensures your children will be taken care of in the best way possible, and that they’ll receive whole family wealth, including your financial, human, intellectual and spiritual assets. You’ll always be able to ask questions and make changes quickly and easily to your plan. And fees are on a flat-fee basis, so there are never any surprises.

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Associations

     

As Seen On

Elder Council Elder Care Matters Wealth Council   Good Day Sacramento Financial Advisor Fox 40
Sacramento Estate Planning Council Neala     Credit Card Guide The Sacramento Bee  

Life Transition Planning

Contact Us

   
Young Adult or Parent of Minor Children
In the Prime of Life
Concerned About the Impact of Long-Term Care
Handling A Loved One’s Estate
The Chubb Law Firm
1833 Iron Point Road, Suite 120
Folsom, CA 95630
Phone: 916.241.9661
Fax: 916.294.7275
Or use our online form >>
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