Sosa Steve

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(310) 458-7236Visit WebsiteMap & Directions1348 10th StSanta Monica, CA 90401 Write a Review

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Mon - Fri:	9:00 am - 5:00 pm

Places Near Santa Monica with Attorneys

Venice (4 miles)
Pacific Palisades (4 miles)
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Culver City (9 miles)
Playa Del Rey (9 miles)
Beverly Hills (10 miles)
El Segundo (13 miles)
West Hollywood (14 miles)
Inglewood (14 miles)
Sherman Oaks (15 miles)

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West Los Angeles, Mid-City

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Law Office of Steven C. Sosa

Steve C Sosa Law Office

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http://www.probateandtrustlitigation.com

Categories

Attorneys, Bankruptcy Law Attorneys, Bankruptcy Services, Business Law Attorneys, DUI & DWI Attorneys, Divorce Attorneys, Estate Planning, Probate, & Living Trusts, Family Law Attorneys, General Practice Attorneys, Tax Attorneys, Trust Companies, Wills, Trusts & Estate Planning Attorneys

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Phone: (310) 458-7236

Address: 1348 10th St, Santa Monica, CA 90401

Website: http://www.probateandtrustlitigation.com

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Sosa Steve

Divorce
Premarital Agreement
… The spouse executed a valid waiver (either by premarital agreement or other legally enforceable document or contract). As you already know, the purpose of your will is to ensure that the property you want to be given to certain heirs upon your death is handled according to your wishes.
Guardianship
I am looking for an ideal estate planning attorneys. Yes, Steve Bliss with Moreno Valley Probate Law offers the legal services with an achievable estate planning attorneys. If errors are not objected to promptly, the rights and interests pertaining to these errors may be considered waived by the party of interest. Some Trust Lawyers charge flat fees for estate planning services, like creating a simple will or a power of attorney. They could also bill you hourly ($300-$600 or more) for time spent meeting, thinking, and working on your trust. This is why the client must retain custody or knowledge of what happens to their original Will once they sign it. It is advisable to speak with a credible Estate Planning Attorney to ensure that all your trust needs are met, and the whole plan is in place legally. Client leaves the original Will with the attorney who drafted it. Make final arrangements. When considering the question, you need to weigh the amount of time and possibly specialized knowledge required against legal costs. What To Avoid In Estate Planning?. The federal tax on a generation-skipping transfer of wealth would apply only if the amount exceeded $5 million. guardian over the minor’s Estate to hold and manage the money. Your Estate will have to pay attorney fees to handle the guardianship proceedings to appoint the guardian, and the guardian may not be someone you want to oversee your children’s money. The personal representative’s job initially, whether it is an executor or an administrator, is to get the case filed in court and get it moving. Suppose the decedent owned an account that named a beneficiary (such as a retirement account), but the beneficiary has passed away before the account owner. The form of property ownership most rapidly expanding in the estate planning field is that trustee ownership. Consequently, the most significant limitation on an executor’s actions is that they are a fiduciary to the estate. If you choose a revocable trust, you’ll be able to change its provisions. But you won’t be able to do the same with an irrevocable trust. This cannot be very clear to many individuals who write wills and expect the stipulations to occur without incident. Get the information and legal answers you’re seeking. I am looking for an ideal asset protection trust attorney. Yes, Steve Bliss with Moreno Valley Probate Law offers the legal services with an achievable asset protection trust attorney.

DUI/DWI
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Business and Corporate Law

Limited Liability Companies
Should You Have Both Wills and Trusts? Moreover, having both a will and trust is essential when protecting your loved ones. I passionately believe you should have both a will and a living revocable trust. Asset Protection Strategies Beyond the Use of Asset Protection Trusts: Although California limits asset protection trusts to the benefit of third parties, California does allow for other asset protection strategies that can protect a person’s assets. These include Limited Liability Companies (“LLCs”), corporations, professional corporations, liability insurance, and retirement plans such as IRA’s and private retirement plan trusts. That is unless you make a critical mistake. We wrote this beneficiary checklist to help you avoid it! The list...

Trusts and Estates

Estate Planning
The need to adjust means you’ve already avoided the most significant estate planning mistake: never drafting a plan. Nevertheless, when …
Wills
1. What Is a Testamentary Trust? A testamentary trust is a trust contained in a last will and testament. It provides for the distribution of all or part of an estate and often proceeds from a life insurance policy held on the person establishing the trust.
Trusts
Penalties to the Personal Representative: Failing to file a will within the time required by the state can have serious consequences. Although failure to file by itself is not a criminal violation, in most states, this subjects the person to a lawsuit by someone who was financially hurt by the failure to file. For example, in Washington, the law says that anyone who “willfully failed to file a will with the court” is liable to any injured party for the damages resulting from the violation. Funding an irrevocable trust at least five years before needing nursing home assistance protects those funds because you’ve given them away to the trust.
Power of Attorney
This is because executor fees are considered taxable income for state and federal taxes, whereas inheritances are generally not. If you have a durable power of attorney or a health care proxy, it’s essential to include that information on accounts such as IRAs, 401(k) plans, and insurance policies. California has one of the most detailed schemes, which provides that the executor fee is four percent of the first $100,000 of the estate, three percent of the next $100,000, two percent of the next $800,000, one percent on the next $9 million, one-half of one percent on the next $15 million, and a “reasonable amount” for estates above $25 million. In California, these forms of joint ownership are available: Joint tenancy. Property owned in joint tenancy automatically passes to the surviving owners when one owner dies. No probate is necessary. Joint tenancy often works well when couples (married or not) acquire real estate, vehicles, bank accounts, or other valuable property together. Each owner, called a joint tenant, must own an equal share in California. 1. Protects your assets for your family (or other heirs). A spendthrift clause can also prevent the Beneficiary’s creditors from accessing the trust funds to pay the Beneficiary’s debts. Before quoting you a price, a good lawyer will talk to you (on the phone or in-person). Social Security’s earnings limit could affect your survivor benefit if you are below full retirement age and still working. Overall, minimizing costs associated with the probate process can be prudent. In addition, you’ll also need to designate the person or persons benefiting from the trust upon your death. One year, however, could easily last longer with contests, procedural mistakes, or creditor issues. California has one of the most detailed schemes, which provides that the executor fee is four percent of the first $100,000 of the estate, three percent of the next $100,000, two percent of the next $800,000, one percent on the next $9 million, one-half of one percent on the next $15 million, and a “reasonable amount” for estates above $25 million. Get started now if you’re ready to find an advisor who can help you achieve your financial goals. The trust doesn’t own any assets, so none of the assets avoid probate or are subject to the terms of the trust.
Probate
I am looking for an ideal probate lawyer. Yes, Steve Bliss with Moreno Valley Probate Law offers the legal services …

Bankruptcy
Tax Law
Consequently, when you become incapacitated or die, the person you appoint as the successor trustee can easily step in and handle your affairs precisely as you have laid out in the document. Specifically, the court said, “With limited exceptions for distributions explicitly intended or required for the beneficiary’s support, a general creditor may reach a sum, up to the full amount of any distributions that are currently due and payable to the beneficiary even though they are still in the trustee’s hands, and separately may reach up to 25 percent of any payments that are anticipated to be made to the beneficiary.”. Living Revocable Trust – Defined, One Word at a time: That makes it exponentially more likely that the nominated Executor will retain the lawyer who wrote the Will to provide the Will for probate, which means that the attorney will make more legal fees. What Is Probate In California?. Lawyers in big firms generally charge higher rates than sole practitioners or small firms unless a small firm is made up of lawyers specializing in sophisticated estate planning and tax matters. What Happens at a Probate Hearing? The time immediately following the death of a loved one is difficult. In addition to the normal grieving process, other logistical issues need to be dealt with, including commencing the probate process. While hiring a professional isn’t quite the same, a pre-made form can help you create a no-frills Will that meets your state probate guidelines without exceeding your budget. In contrast, the trust beneficiaries have the right, as provided in the Trust, to use the trust property and receive the income or principal of the Trust. Fund a qualified personal residence trust. When Probate is not opened, a creditor has one year to file suit against the estate. You’d essentially be setting up a trust and transferring the ownership of it to another person.

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