Westlake Village is a planned community within Los Angeles County with a modest population of around 10,000 people. The city is renowned for its secluded character as residents are provided with spectacular panoramic views of surrounding mountains and the Westlake lake. The city of Westlake Village has a thriving community, but not every person in the area has a comprehensive integrated estate plan established—and that lack of a plan could lead to devastating financial losses.
The best way to protect and preserve one’s assets during their lifetime and beyond is to craft a customized estate plan designed to fit their needs. Estate planning is by no means only for the wealthy. In fact, every person should have at least a will established for their estate plan no matter their age, background, or financial situation. With a well-crafted estate plan, the decedent can rest assured their assets are distributed according to their wishes and that their generational wealth is protected by creditors and other predatory agencies. To learn more about estate planning and what it entails, contact Botti & Morison Estate Planning Attorneys, Ltd. to speak to a qualified Westlake Village estate planning lawyer today.
Westlake Village Estate Planning Lawyer | Trusts and Probate, CA
Westlake Village probate and estate planning lawyers at Botti & Morison Estate Planning Attorneys, Ltd. have over 60 years of experience crafting tailor-made estate plans for their clients. Their services include the establishment of trusts, wills, power of attorneys, health care directives, benefits planning for veterans, Medi-Cal qualification, advanced estate planning, and so much more. Contact Botti & Morison Estate Planning Attorneys, Ltd. office today to speak to a skilled and knowledgeable estate planning Westlake Village lawyer.
Set up your first consultation with Botti & Morison Estate Planning Attorneys, Ltd. by calling their office at (877) 585-1885 or submit an online contact form. Botti & Morison Estate Planning Attorneys, Ltd. has an office in Westlake Village, and accepts clients throughout the State of California including the greater Los Angeles County area such as Los Angeles, Santa Monica, Thousand Oaks, Santa Paula, Oxnard, and Simi Valley.
- Estate Planning in Westlake Village, CA
- Westlake Village Estate Planning Resources
- California Estate Planning Resources
Estate Planning in Westlake Village
It’s a popular misconception by many that estate planning is reserved only for the wealthy. The reality is that every person should have an estate plan established at an early age and maintain/modify that plan over time to ensure it fits their interests. Without a customized estate plan, the decedent’s family must go through an arduous and time-consuming process known as probate. The decedent’s family will be obligated to attend a series of court-supervised proceedings where the State will transfer titles of the decedent’s assets based on California’s intestacy laws. In some cases, redistribution based on these laws is contrary to the decedent’s wishes—but without an estate plan there is not much their family can do.
However, probate can be avoided entirely with proper estate planning. An experienced and skilled Westlake Village trust and estate planning lawyer can utilize various estate planning instruments such as a revocable living trust to ensure the decedent’s assets are distributed to their wishes without the intervention of probate. They can even establish a financial and/or healthcare “agent” in the event the individual is too incapacitated to make critical decisions for themselves without any need to petition probate court for Conservatorship.
Listed below are some additional estate planning examples where an individual may need assistance from an experienced Westlake Village lawyer.
- Calculate the income limit/MAPR in order to receive Aid and Attendance benefits
- Utilizing the conversion approach with non-exempt assets to qualify for Medi-Cal
- Select a trusted guardian for any minor children
- Transfer assets that were left out of an irrevocable/revocable trust with a grant deed
- Craft a “pour over will” to act as an insurance policy for assets outside the decedent’s irrevocable or revocable trust
- Draft an Advance Health Care Directive to address any critical health care decisions
- Writing a comprehensive and customized last will and testament
- Assist with trust or probate administration duties
- Litigate either a probate or will dispute such as feuding co-trustees or contesting a holographic will
- Assisting with the establishment of a comprehensive revocable living trust
- Incorporate long-term care in the person’s estate plan
- Update or modify an existing estate plan
- Implement new estate planning tools that could be beneficial in the future
Westlake Village Estate Planning Resources
Los Angeles County Probate Court– Visit the official website for the Los Angeles County court system to research into their probate division. Access the division’s site to gain access to vital probate forms, learn the filing fees for probate, find definitions for important probate terms, and review the local court rules for probate.
Probate Q & A | Los Angeles County Court– Find answers to your burning estate planning and probate questions by visiting the self-help section for Los Angeles County Courts. Access the FAQ to learn how to initiate probate, how to probate an estate step-by-step, and more.
Senior Concerns Lectures | Westlake Village, CA – Visit the official website for Westlake Village to view their educational seminars reserved for seniors. Access the site to peruse their past seminars that pertain to estate planning, important city resources, and issues related to aging.
How to Estate Plan During COVID-19 — Visit the official website for the LA Law Library to peruse their various articles related to COVID-19 and estate planning. Access the site to learn how the pandemic could affect your current estate plan, why people are estate planning at a younger age, and what to consider when estate planning during a pandemic.
The Purposeful Aging Los Angeles Initiative (PALA) – Visit the official website for the Purposeful Aging Los Angeles initiative (PALA), which is a groundbreaking movement and partnership between public and private sectors in order to prepare for the dramatic demographic shift in California’s older adult population that will occur in 2030.
California Estate Planning and Probate Resources
California’s Probate Code —– Visit the official website for California’s Statues to learn more about the laws and rules surrounding probate, trust law and estate planning. Access the site to learn how one can initiate probate, what probate entails, definitions for probate, how to avoid probate, how to become an estate’s personal representative, and more.
Wills, Estates and Probate FAQ – The California Courts site provides answers to frequently asked questions about wills, estates, and probate law. Access the site to research into the various different ways an estate can be transferred after a person dies, what exactly is probate, and the requires first steps one must complete when dealing with a loved one’s estate.
California’s Medi-Cal Program – Visit the official website for California’s Medi-Cal program to learn more about what the program entails, how to qualify, what benefits the program offers, and how one may lose access to their long-term care benefits.
Guide on Financial Senior Scams – Visit the official website for the California Advocates for Nursing Home Reform to access their preventative guide on common financial abuse/scams used against seniors. Access the guide to learn common scams including those related to estate planning, and what you can do to protect your assets including your home.
Westlake Village Probate Lawyer| Los Angeles County, California
The attorneys at Botti & Morison Estate Planning Attorneys, Ltd. have decades of collective estate planning experience. With their extensive knowledge, skills, and resources, you can rest assured you’re receiving the absolute best guidance in regard to estate planning from certified experts. In fact, Chris E. Botti is Board Certified in Estate Planning, Trust, and Probate Law. His skill set has put him in an elite group of attorneys, and this group is so selective that only 1% of all attorneys in the state of California have this specific Certification.
Speak to a qualified and experienced lawyer today with Botti & Morison Estate Planning Attorneys, Ltd.. Call our office at (877) 585-1885 or submit an online contact form to set up your first consultation. Botti & Morison Estate Planning Attorneys, Ltd. has an office in Westlake Village, but we also have offices in other cities including Valencia, Ventura, Bakersfield, San Luis Obispo, and Santa Barbara.