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WORK WITH the Selik Law
Offices; You
and Joel Selik can create the customized
Estate Plan that is just right for you
and your family.
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| WILLS |
QTIPS |
| TRUSTS |
FOREIGN
CITIZEN TRUSTS |
| LIVING TRUSTS |
LIFE INSURANCE TRUSTS |
| CHARITABLE TRUSTS |
DURABLE POWERS OF
ATTORNEY |
| CHARITABLE REMAINDER
TRUSTS |
AVOID PROBATE |
| A-B TRUSTS |
LIVING WILL |
| QDOTS |
TAX BENEFITS |
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WHY HAVE A TRUST
| There are many
reasons to have a trust, depending on
your own beliefs, family and situation.
Some of the common reasons are: Avoiding
Probate, Privacy, Ease of transfer upon
death, take care of surviving spouse,
Save time, more control. Speak to an
attorney to find out what a Living Trust
can do for you. |
State Bar Resources
The
California State Bar offers detailed information
to consumers about the topic of Estate Planning.
Click
on the question links below for more information:
For
the complete text of the State Bar's Pamphlet on
Estate Planning use one of the links below:
A
LIVING TRUST IS NOT ENOUGH: FUNDING
| A living trust,
by itself, does almost nothing. You must
have the assets you own transferred to
the trust. If the assets are not in the
trust, you may not be able to avoid
probate, and you may not be able to have
the tax benefits you seek. Getting the
property into the trust is what is called
Funding. For real
property, Funding may be as simple as a
quitclaim deed; For bank accounts
and stock market accounts, changing the
name of the account into the name of the
trust. To transfer business,
partnerships, corporations and other
assets there are other methods used to
transfer assets.
Make sure you tell your
attorney about all you assets.
Bring to the attorney evidence of
ownership of each of your assets.
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SECTION NOT YET COMPLETED
WHAT TO DO AFTER ONE
SPOUSE DIES WHEN YOU HAVE A LIVING TRUST
HOW A LIVING TRUST MAY
AVOID PROBATE
HOW A LIVING TRUST CAN
HELP YOU REDUCE DEATH TAXES
COMMONLY
ASKED QUESTIONS:
| Is Life Insurance
Taxed? |
Generally no. |
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OTHER
DOCUMENTS TO GO WITH YOUR LIVING TRUST
| Will/Pour-over
Will |
| Durable
Power of Attorney for Health Care |
| Durable
Power for Asset Management |
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ABOUT
JOEL SELIK AND ESTATE PLANNING
| Joel Selik is a
well-known and respected trial attorney
in California and Nevada, but many people
do not know that he is a qualified Estate
Planning Attorney. Selik has an
advanced law degree (a Masters of Laws)
from the University of San Diego School
of Law, in Taxation. For many of
the early years of his practice, Selik
did nothing but Wills and Trusts.
Selik taught Wills and Trust for Thomas
Jefferson School of Law, then called
Western States Law School. |
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