William G. Wais
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Painless Estate Planning
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Painless Estate Planning & Living Trusts, William G Wais - Attorney, Glendale CA. 20 yrs experience in Living Trusts (Free DVD), Probate, Wills. Saturday appts. Painless process. 818-244-1894.
Painless Estate Planning & Living Trusts, William G Wais - Attorney, Glendale CA. 20 yrs experience in Living Trusts (Free DVD), Probate, Wills. Saturday appts. Painless process. 818-244-1894.
Painless Estate Planning & Living Trusts, William G Wais - Attorney, Glendale CA. 20 yrs experience in Living Trusts (Free DVD), Probate, Wills. Saturday appts. Painless process. 818-244-1894.
Painless Estate Planning & Living Trusts, William G Wais - Attorney, Glendale CA. 20 yrs experience in Living Trusts (Free DVD), Probate, Wills. Saturday appts. Painless process. 818-244-1894.
Painless Estate Planning & Living Trusts, William G Wais - Attorney, Glendale CA. 20 yrs experience in Living Trusts (Free DVD), Probate, Wills. Saturday appts. Painless process. 818-244-1894.
Painless Estate Planning & Living Trusts, William G Wais - Attorney, Glendale CA. 20 yrs experience in Living Trusts (Free DVD), Probate, Wills. Saturday appts. Painless process. 818-244-1894.
Painless Estate Planning & Living Trusts, William G Wais - Attorney, Glendale CA. 20 yrs experience in Living Trusts (Free DVD), Probate, Wills. Saturday appts. Painless process. 818-244-1894.
Painless Estate Planning & Living Trusts, William G Wais - Attorney, Glendale CA. 20 yrs experience in Living Trusts (Free DVD), Probate, Wills. Saturday appts. Painless process. 818-244-1894.
Painless Estate Planning & Living Trusts, William G Wais - Attorney, Glendale CA. 20 yrs experience in Living Trusts (Free DVD), Probate, Wills. Saturday appts. Painless process. 818-244-1894.
Painless Estate Planning & Living Trusts, William G Wais - Attorney, Glendale CA. 20 yrs experience in Living Trusts (Free DVD), Probate, Wills. Saturday appts. Painless process. 818-244-1894.
Painless Estate Planning & Living Trusts, William G Wais - Attorney, Glendale CA. 20 yrs experience in Living Trusts (Free DVD), Probate, Wills. Saturday appts. Painless process. 818-244-1894.
Painless Estate Planning & Living Trusts, William G Wais - Attorney, Glendale CA. 20 yrs experience in Living Trusts (Free DVD), Probate, Wills. Saturday appts. Painless process. 818-244-1894.
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Painless Estate Planning & Living Trusts, William G Wais - Attorney, Glendale CA. 20 yrs experience in Living Trusts (Free DVD), Probate, Wills. Saturday appts. Painless process. 818-244-1894.
Painless Estate Planning & Living Trusts, William G Wais - Attorney, Glendale CA. 20 yrs experience in Living Trusts (Free DVD), Probate, Wills. Saturday appts. Painless process. 818-244-1894.
Painless Estate Planning & Living Trusts, William G Wais - Attorney, Glendale CA. 20 yrs experience in Living Trusts (Free DVD), Probate, Wills. Saturday appts. Painless process. 818-244-1894.
Painless Estate Planning & Living Trusts, William G Wais - Attorney, Glendale CA. 20 yrs experience in Living Trusts (Free DVD), Probate, Wills. Saturday appts. Painless process. 818-244-1894.
Painless Estate Planning & Living Trusts, William G Wais - Attorney, Glendale CA. 20 yrs experience in Living Trusts (Free DVD), Probate, Wills. Saturday appts. Painless process. 818-244-1894.
Painless Estate Planning & Living Trusts, William G Wais - Attorney, Glendale CA. 20 yrs experience in Living Trusts (Free DVD), Probate, Wills. Saturday appts. Painless process. 818-244-1894.
Painless Estate Planning & Living Trusts, William G Wais - Attorney, Glendale CA. 20 yrs experience in Living Trusts (Free DVD), Probate, Wills. Saturday appts. Painless process. 818-244-1894.
Painless Estate Planning & Living Trusts, William G Wais - Attorney, Glendale CA. 20 yrs experience in Living Trusts (Free DVD), Probate, Wills. Saturday appts. Painless process. 818-244-1894.
Painless Estate Planning & Living Trusts, William G Wais - Attorney, Glendale CA. 20 yrs experience in Living Trusts (Free DVD), Probate, Wills. Saturday appts. Painless process. 818-244-1894.
Painless Estate Planning & Living Trusts, William G Wais - Attorney, Glendale CA. 20 yrs experience in Living Trusts (Free DVD), Probate, Wills. Saturday appts. Painless process. 818-244-1894.
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Frequently Asked Questions
Questions About The Law
QUESTIONS ABOUT THE LAW
Why do I need a Living Trust?
- With a Living Trust, your family should not have to pay probate fees on your home and other assets.
If I have a Will, do I have to go through Probate?
- Yes, you need to go through Probate if you just have a will. Probate fees are assessed against those persons who have just a will or nothing.
How expensive is Probate?
- A home worth $400,000 would be charged $22,000.00 in probate fees. For most homes, the probate fee formula is 4% of the fair market value plus $6,000.
Is there any way to avoid Probate other than a Living Trust?
- Joint Tenancy: Property held in joint tenancy between a husband and wife will avoid the first probate on the death of the first spouse. However, the surviving spouse will need a living trust to avoid probate.
- "Transfer on Death": Some financial accounts can include a "Transfer on Death" beneficiary designation. However, the designation is limited and may not reflect the way you want to distribute your property. A living trust will allow you to distribute your assets exactly the way you want to distribute them.
Do I need a Simple Living Trust or a Complex Living Trust?
- If you are a single person you are limited to a Simple Living Trust.
- A married couple should choose a Complex Living Trust if their taxable estate exceeds $5,000,000.
- A married couple should choose a Simple Living Trust if their taxable estate are less than $5,000,000.
How much should a Living Trust cost?
- Normally, an estate plan including a living trust, prepared by a competent attorney should cost between $1500 and $2500.
- Extra real estate properties and special add-ons may increase the cost of the living trust.
What legal documents do I need besides the Living Trust?
- A full estate plan will include a Will for each spouse, plus power of attorneys documents and a deed transferring the family home to the living trust.
What do I need to bring to the first appointment?
- All you need to bring to the first appointment is a copy of your property tax bill.
- Beware of attorneys who ask you to fill out a lengthy questionnaire listing your assets. Some of those attorneys are looking to see how much extra they charge.
- Get a quote over the phone before making an appointment.
How do you transfer my home into the Living Trust?
- We prepare a quitclaim deed which transfers ownership of the home to you as Trustee of the Living Trust.
What if I sell my house?
- Escrow will be able to take the house out of the Living Trust and transfer it to the new buyer.
How do I talk to my parents about doing a Living Trust?
- The best thing to do is obtain a copy of the DVD which we send to all potential clients.
- I can send you a booklet entitled "How to Talk to Your Parents About a Living Trust".
Who should be My Executor?
- Your Executor will probably be your adult child if you only have one child.
- If you have more than one child, you normally should have both children or two of the children act as Co - Executors.
- If your children are not old enough, you might choose one of your parents, a sibling or a friend.
Who should be my Successor Trustee?
- You are the Trustee (President) of the Trust while you are alive.
- Your Successor Trustee would probably be the same as your Executor.
Who should be the Guardian for my Minor Children?
- Someone you feel comfortable leaving your children with.
- Normally, your parents, or siblings or friends.
- This person would not handle any money, just take care of the minor children
Questions About My Practice
Would you continue to practice after you win the Mega Millions Lottery? Who would handle my Living Trust?
QUESTIONS ABOUT MY PRACTICE
How long have you been preparing Living Trusts?
- I prepared my first living trust back in 1980. I then spent twelve years as a litigation attorney. Starting in 1994, I have been preparing living trusts on a full time basis.
What percentage of your practice involves Living Trusts?
- Ninety - nine percent (99%) of my practice involves living trusts, estate planning and probate.
How many Living Trusts do you prepare each year?
- Generally, I prepare between 120 to 150 living trusts each year.
How many Living Trusts have you prepared in your legal career?
- In my legal career, I have prepared over 2500 living trusts.
How much do you charge for a Simple Living Trust?
- For a simple living trust, I charge $1500 for a full set of documents, including one real estate transfer (deed).
- Additional real estate transfers after the first one are $200.
- Special needs trusts incur an additional $300 fee.
- Corporate resolutions add another $300.
How much do you charge for a Complex Estate Plan?
- My basic fee is $2,000, with additional charges for more than one real estate transfer.
- A complex estate plan can run over $10,000.
- The final charges would normally would be based on an hourly fee of $200. per hour.
Do you handle Probate and Trust Administration cases?
- Yes. We even have our own proprietary software to handle them.
What is the fee for Probate cases?
- The Attorney's Fee for Probate generally breaks down to 2% of the fair market value of the property plus $3,000.
- A family home worth $400,000 would generate an attorney fee of about $11,000.
What is the fee for Trust Administration cases?
- The Fee for Trust Administration cases involves services charged at $200. per hour.
- The case usually involves between ten (10) hours and twenty (20) hours. Sometimes more, sometimes less.
Do you offer a free initial consultation?
- Yes, if you call ahead and make an appointment.
Do you offer a free review of an existing living trust?
- Yes, if you make an appointment and send me the documents ahead of time.
How do you educate your clients?
Three Ways ...
- Before the First Appointment: Send the DVD entitled "How to Disinherit the IRS". Explains how the estate planning process works.
- After the First Appointment: We send a hard copy draft of the estate planning documents in a dark blue booklet. Tab 1 inside the booklet contains a section we call "Frequently Asked Questions". We ask clients to read this section before reading the draft documents. After reading this FAQ section, clients are able to answer their questions regarding the documents.
- After Signing the Documents: We send clients a six page letter telling them how to put all of their financial assets into the Living Trust. We also provide nine "fill in the blanks" documents to assist them in transferring assets to the Living Trust.
- Our clients need only fill in the name of the financial institution and the account number to start the transfer process.
What do you do to help your clients understand their estate planning documents?
- We explain the documents at the first meeting and include twelve pages of Frequently Asked Questions when we send out the draft documents for review.
Do you help with the transfer of financial assets?
- We teach our clients how to transfer financial assets by means of a six page letter. We also provide "fill in the blanks" transfer letters.
Do you handle the transfer of real estate into the Living Trust?
- We normally handle just the transfer of California Real Estate.
- We ask that out of state counsel be used for out of state real estate.
What documents are included in your basic Living Trust Plan?
- Revocable Living Trust
Will(s)
- Advance Health Care Directive
(Health Care Power of Attorney)
- Property Power of Attorney
(Statutory Power of Attorney)
- Nomination of Conservator
- Pull the Plug Document
- Trust Transfer Quitclaim Deed(s)
Would you continue to practice after you win the Mega Millions Lottery? Who would handle my Living Trust?
- Many attorneys are qualified to handle your living trust if I retire on account of winning the lottery.
What do I need to bring to the first meeting?
- A copy (or original) of your property tax bill.
What type of legal software do you use?
- We use "Painless Estate Planning Legal Software". This software allows us to use our questionnaire form as a data entry form. We enter the data and merge the proper documents.
- Because of the efficiency of the software, you will normally have the draft documents within a week.
How quickly do you complete the Living Trust process?
- The entire process of review, correction and signing usually takes a total of five weeks.
- If necessary, we can speed up the process. In at least one case, we prepared all of the estate planning documents, including the living trust, within 24 hours.
Do you have some Saturday appointments available?
- Yes, we have some Saturday appointments available.
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