- October 24, 2014
- Posted by: Elizabeth
- Category: Uncategorized
MINIMIZE OR ELIMINATE PROBATE FEES
At the moment, we have a very favorable estate tax situation in the United States, so that if you pass away this year, at least the first $5 million of your estate will not be subject to estate tax. However, in California, we have rather steep probate fees, so that for estates with a nice family home and a nest egg, tens of thousands of dollars can be spent on probate fees. Establishing and funding a living trust can remove assets from your probate estate, potentially saving your loved ones tens of thousands of dollars.
AFFORDABLE FIXED PRICE
Busy Wills, Inc. saves you money by offering services at an affordable fixed price. The various estate planning packages found on busywills.com include everything needed by the vast majority of busy Californians to protect their loved ones in the event of death or incapacity. Other documents necessary for your unique circumstances are available at a reasonable fixed fee.
Busy Wills, Inc. saves you money by providing convenience. Busy Wills, Inc. recognizes that time is money. Combine online convenience and in-depth telephone or in-person consultations so that you receive personalized service without ever having to leave your home or office. Time is not just money – it’s life. Save your days off for the beach.
INDIVIDUALIZED ADVICE FOR YOUR UNIQUE CIRCUMSTANCES
Busy Wills, Inc. saves you money through our advice. Attorney Elizabeth Botsford has a master’s degree in tax law from Loyola Law School. There are many ways that creating an estate plan can help you and your loved ones save money. Our packages provide the opportunity to discuss the possibilities and implement the right ones for you.
NURTURE YOUR LOVED ONES
Traditionally, a large majority of people in California have not created estate plans. Increasingly, however, people realize that being a responsible family member requires them to face this task. It is not luck which enables some families to thrive after bereavement, but a well-designed estate plan. Estate plans are not solely tax planning instruments, but rather they uniquely provide many important ways to nurture loved ones after death or incapacity.
THE RIGHT TOOLS FOR THE JOB
When it comes to choosing the right tool for the job of creating an estate plan, the most enthusiastic and responsible person can feel daunted.
SHOPPING FOR LAW FIRMS
On the one hand, there are traditional law firms with marble lined reception halls charging hundreds of dollars per hour. This is a model geared towards business clients, which generally deduct legal fees from their taxes, and thus do not bear the full “rack rate”. Legal fees from estate planning are generally not tax deductible and thus paying the same hourly rate is inappropriate for the majority of individuals, although it remains an option for the richest families.
On the other hand, there are purely on-line estate planning services. These are computer programs which churn out estate plans, without providing any advice or personalized attention. No attorney-client relationship exists so customers do without the protections and ethical standards required by the State Bar of California. Horror stories abound on the internet. One example is when people hold most of their net worth in IRAs or 401(k)s. They use an on-line computer program to create a will, but fail to change the beneficiary designations on their financial accounts (which may still reflect a prior relationship or leave out a new baby). On death, the assets do not pass through their will, but to the designated beneficiary. The money spent on the will was wasted, but their loved ones lost so much more. This type of scenario can easily lead to quarrels between family members who might be better off supporting each other in their grief.
BUSY WILLS, INC. SAVES YOU MONEY
Busy Wills, Inc creates estate plans for busy people in California, combining valuable advice and personalized service with on-line convenience, at an affordable fixed price. Busy Wills, Inc. aims to integrate the right money-saving techniques into each unique attorney-drafted estate plan. You never have to leave your home or office to move the process forward.