
Many Riverside residents wonder when the right time is to create an estate plan. This is an excellent question. The sooner you create an estate plan, the sooner you have enforceable legal protections in place to safeguard what means the most to you. Creating an estate plan makes certain that your estate, family, and medical care are managed as you wish when you are no longer able to do so. A Riverside wills and trusts lawyer can guide you through the process.
Karen J. La Madrid has over 30 years of California estate planning experience. She and her staff at the Law Offices of Karen J. La Madrid can assess your unique situation and goals and help explain how these documents can be of value to you and your loved ones, and help you craft a plan that makes you feel confident for your future.
A will, or last will and testament, is a planning tool in California that can be as simple or detailed as you wish. Wills are the most common documents seen in estate plans. However, other tools can be used in addition to a will when needed. By clearly naming specific people as inheritors of particular items such as jewelry, guns, furniture, china and sentimental belongings, a will can help avoid bitter disputes and other conflicts among family and loved ones.
Other documents and designations that may be included alongside a will in Riverside, CA include:
In addition to wills being a common tool within estate plans, trusts are also commonly used throughout California to protect assets. A well-prepared trust can preclude your estate from having to go through the California probate process because all the assets in a trust do not belong to you; they belong to the trust. Probate can be a draining process for your descendants, and having a trust in place can help them focus on grieving instead of complex legal processes.
There are many types of trusts, each with a specific purpose. Trusts are immensely powerful and flexible tools. Trusts can serve to preserve your wealth, minimize your taxes and protect your family assets and business. A trust can also be set up to provide for minor children or children with special needs. Different types of trusts in California include:
In 2025, only about 24% of Americans had a will. The cohort aged 35 to 54 is the largest group without estate planning documents, while many people over the age of 55 have an estate plan in place. No matter what stage of your life you are in, you can hire a wills and trusts lawyer to assist you with drawing up documents and handling your will and trust case.
Will and trust laws in California can be complicated, so it’s important to work with an attorney who has experience in this field of law. Your attorney can help you draw up legally binding documents and prioritize your wishes, making sure they are followed both after your death and as you near the end of your life. Your lawyer can also provide representation at the Riverside Superior Court Probate Division if it becomes necessary.
The average fee you pay a wills and trusts lawyer in California will vary drastically depending on your unique needs, the experience of your lawyer, and how complex your estate plan is. If your will is simple and takes little time to draw up, you won’t pay as much as someone who must perform complex estate planning. The experience level of your Riverside wills and trusts attorney can also play a role in determining what your attorney fees will be.
Choosing an executor can be challenging, as you want to make sure whoever you appoint can follow your wishes and adhere to legal regulations. Generally, you want to choose an executor who is organized, financially responsible, and level-headed. Prioritize choosing someone who lives close to the court and property, has sufficient free time to handle everything, and maintains a healthy relationship with their siblings to avoid conflict.
The biggest mistake California residents make with wills is failing to have one in place to begin with. For those who do have a will in place, the biggest mistake made is failing to update it after major life events. You should update your will after a marriage, divorce, birth, death, or major purchase and make sure that your beneficiary designations do not contradict each other.
Whether it’s better to leave a house in a will or trust depends on your primary goals. If your goal is to avoid a public probate process, minimize delays, and maintain strict control over how the home is inherited, set up a trust. If your estate is small and straightforward, it’s simpler and cheaper to draw up a will. You should discuss your unique goals with an experienced attorney who can help you determine the proper tools to use.
Karen J. La Madrid and her staff can assist in the management and protection of your trust assets through tax reduction, creditor protection and charitable giving. She and the team can arrange for the multigenerational transfer of wealth to be a smooth process. We also offer administration guidance. Contact our law firm today.
For experienced help with wills, trusts, POAs and other estate planning tools, contact the office today. Call 951-224-9209 or send the firm an email to get started. Get the help you need to make a plan, see it through and leave a legacy.