Personalized Estate Planning Solutions in Monterey County
Singh Law Firm is a Monterey County estate planning firm with extensive experience in the creation of wills, trusts and other estate planning vehicles. In developing an estate plan for you, our Monterey County Attorneys work closely with you to understand your financial situation, your family, your values and your goals. We then develop estate planning vehicles designed to achieve your goals.
Keep Your Monterey County Estate Plan Up to Date
As your life changes, it makes sense to periodically revisit your estate plan and modify your estate documents if warranted. A marriage, a divorce, a birth or death in the family — these or other events should move you to update your estate documents. For a competitive fee, our Monterey County Estate Planning firm can quickly and efficiently amend a will or trust so that it reflects your current wishes.
Using Trusts to Avoid Probate in Monterey County
The Singh Law Firm helps residents of Monterey County avoid the costs of probate by creating various types of trusts, in particular living trusts. In a free consultation, Monterey County Attorneys of The Singh Law Firm can discuss how a trust or trusts can minimize taxation and help you avoid burdening your loved ones with the costs and hassles of the probate process.
Top Ranked Monterey County Revocable Living Trust Attorney
Wills and trusts are powerful tools that can help you provide for your family and accomplish other goals, long after you are gone.
At Singh Law Firm, our Monterey County Attorneys create wills, trusts and other estate planning vehicles for people with estates of all sizes. We have particular experience with more complex estate issues, such as tax minimization, asset preservation and business succession, and are relied on throughout California for such services.
Our firm provides advice and services in Monterey County in matters involving:
- Simple wills
- Complex estate planning
- Living trusts
- Special needs trusts
- Generations trusts
- Amendments to wills or trusts
- Trust Administration
- And other matters relating to wills and trusts
SuperLawyer Ranked Attorneys in Monterey County for Advanced Estate Planning
Larger estates often require business succession planning or the creation of family limited partnerships or other types of arrangements that are put in place to protect as many of your assets as possible when you pass away. Our Monterey County legal team is well versed in all of these matters, including creating irrevocable life insurance trusts, irrevocable trusts, special needs trusts, qualified domestic trusts (QDOTs), and charitable trusts. There are various gifting strategies that could be helpful to you and can be discussed so you can make the best decision. Because estate planning is all that we do, we are up to date on all the latest tax law changes, and have developed a number of estate planning strategies to help people accomplish their goals.
We provide Skilled & Trusted Trust Administration services in Monterey County
A Trust Administration is NOT a court-supervised process, yet its ultimate goal is also the transfer of property from an individual who has died (the “decedent”) to that individual’s beneficiaries who are identified in his/her revocable living trust. The advantages of a trust administration over a probate proceeding include a potentially quicker distribution of the property to beneficiaries, a greater degree of privacy due to there being no court supervision of the process, and in most cases, a much less expensive manner of distributing property to beneficiaries. Many persons elect to establish a revocable living trust as the centerpiece of their estate plans instead of just last wills and testaments so that they can avoid a probate of part or all of their estates upon their deaths. If the legal title to stet property is held by the Trustee of his or her trust, then the administration and distribution of that property upon the individuals death is handled much more simply, much more quickly, and at much less expense than if that property had to be probated.
Relied Upon Irrevocable Trust Lawyer in Monterey County
An irrevocable trust is a trust that can’t be modified or terminated without the permission of the beneficiary. The grantor, having transferred assets into the trust, effectively removes all of his or her rights of ownership to the assets and the trust. The main reason for setting up an irrevocable trust is for estate tax considerations, and sometimes for asset protection purposes. The benefit of this type of trust is to remove the assets from the grantors taxable estate, by removing all incidents of ownership. Thus, the grantor is relieved of the tax liability on the income generated by the assets. While the tax rules will vary between jurisdictions, in most cases, the grantor can’t receive these benefits if he or she is the trustee of the trust. The assets held in the trust can include, but are not limited to, a business, investment assets, cash and life insurance policies.
Meet Your Monterey County Estate Planning Lawyers
There is no better feeling than completing your Estate Plan, bring relief to you and your loved ones by having your Living Trust, Wills, Financial Powers of Attorney, and Health Care Directives drafted by reputable Monterey County Estate Planning Attorneys of The Singh Law Firm.
Our Mission is simple: “Exceed the expectations of every client, by providing a once in a lifetime experience… every time.”
Providing Estate Planning Legal Services in the following Monterey County cities:
We proudly serve the following cities in Monterey County by providing the best Estate Planning, Wills and Trusts and Trust Administration services around.
- Carmel Highlands
- Carmel Valley
- Pebble Beach
- Pacific Grove
- Del Rey Oaks
- Santa Cruz
Monterey County Estate Planning Law Firm Ready to Help Plan Your Future
For skilled and trusted Monterey County Estate Planning representation from The Singh Law Firm, call (510) 742-9500. Let our family take care of yours.