Los Altos Estate Planning

Your hard-earned wealth deserves careful planning. An estate plan in Los Altos protects your assets and provides peace of mind for you and your family. In the vibrant community of Los Altos, Keyes Law Group offers a tailored approach to estate planning that addresses the unique financial and legal needs of Californians. Explore our offerings on this page.

When Do You Need an Estate Plan in Los Altos

Estate planning is an indispensable strategy for anyone intent on effectively managing their assets and ensuring their intentions are honored. This is especially true in Los Altos, where high property values and substantial personal assets make early planning not only beneficial but essential for securing financial advantages and peace of mind.

The best time to initiate estate planning is now. The unpredictable nature of life means that preparedness is key, allowing you to safeguard your assets and ensure your loved ones are provided for in any eventuality. Adulthood brings various changes and responsibilities that warrant a solid estate plan. Significant life events, such as getting married, welcoming a child, undergoing substantial financial shifts, or receiving an inheritance, serve as critical junctures to start or revise your estate planning efforts.

Estate planning is more than just a precaution; it’s a proactive measure to protect your legacy and ensure your wishes are seamlessly executed, giving you and your family confidence in the future, no matter what it holds.

Why Estate Planning in Los Altos Matters

Many assume estate planning is only for the affluent, but this misconception could not be further from the truth. Regardless of your financial status, estate planning is crucial for anyone interested in proactive asset management and securing family welfare after their passing. Effective estate planning can mitigate future legal hurdles, reduce tax burdens under laws such as the California Probate Code, and safeguard minor children’s interests through guardianships.

What We Can Do To Help You

At Keyes Law Group, our services are designed to accommodate the unique needs of each client. Here’s how our Los Altos estate planning lawyer can help:

Living Trusts and Family Transfers

A living trust is an essential estate planning tool that helps you manage your assets efficiently during your lifetime and ensures they are transferred smoothly to your beneficiaries upon your passing. This legal arrangement allows you to maintain control over your assets by appointing a trustee, who manages the assets according to the terms set forth in the trust.

One significant advantage of a living trust is its ability to bypass the probate process, which is public, time-consuming, and can be costly. In Los Altos, probate fees can be substantial, as they are calculated as a percentage of the gross value of the estate, making living trusts a financially savvy choice.

When it comes to family transfers, careful planning is required to ensure that assets are passed to the next generation as intended, with minimal tax consequences. This involves understanding and utilizing tax exemptions and deductions available under California and federal tax laws. For instance, the use of the annual gift tax exclusion and the lifetime estate tax exemption can significantly reduce the tax burden associated with asset transfers.

Special Needs Trusts

These trusts are crucial for families with disabled members, allowing for the transfer of assets without compromising the beneficiary’s eligibility for government programs like Medicaid or Supplemental Security Income (SSI). An SNT, which must be set up correctly in accordance with federal and state guidelines, holds assets that the beneficiary does not control.

Managed by a trustee, this trust can pay for expenses that enhance the beneficiary’s quality of life while preserving their access to essential public benefits. The importance of an SNT cannot be overstated, as it secures a financially stable future for disabled individuals without sacrificing their needed benefits.

Elder Law and Medi-Cal Planning

Elder Law focuses on issues affecting the aging population, including estate planning, healthcare, guardianship, and retirement. Our services are designed to help seniors protect their assets while addressing potential long-term care needs, including navigating the legal implications of transferring assets and establishing healthcare directives.

Medi-Cal Planning

Medi-Cal is California’s Medicaid program, offering health care services to eligible residents, including seniors. Effective Medi-Cal planning is essential for those who wish to qualify for Medi-Cal to cover long-term care costs without depleting their life savings. Our legal strategies involve structured asset transfers and the use of specific legal instruments, like irrevocable trusts, to ensure asset protection while maintaining eligibility for Medi-Cal benefits.

At Keyes Law Group, we understand that each client has unique circumstances that require tailored legal solutions. Whether it’s establishing a living trust to avoid probate or setting up a special needs trust to secure a loved one’s future, our comprehensive approach ensures that your estate planning needs are met with the highest level of professionalism and care. Discover more about how we can assist you by visiting these pages: Estate Planning, Special Needs Trusts, and Elder Law.

The Keyes Law Group Approach

Estate planning is not merely about distributing your assets; it’s about ensuring peace of mind for yourself and your loved ones. With Keyes Law Group, your estate planning needs in Los Altos are handled with careful consideration and legal proficiency. If you’re ready to take the next step, contact us today. Let us help you make the most informed decisions—your legacy deserves nothing less.

HOW CAN WE HELP YOU?

CLIENT TESTIMONIALS

"I have had the pleasure of working with the Keyes Law Group these past months. To date, Mr. Keyes has been a great asset to our family; helping to plan a trust and the appropriate tax strategies for us and the next generation. What has worked very well for my wife and I is the time Mr. Keyes has devoted to not only hearing our financial planning concerns, but to also take the necessary time to explain and offer options for us to consider. We have worked with tax attorneys and financial consultants over the years. For us, a successful relationship is one of the key factors that we strive for. Working with the Keyes Law Group has been a very good fit for us as we work to get our financial affairs in order." -- RY
"I can’t say enough great things about Keyes Law Group! They are thorough, caring, and extremely efficient! I send everyone I know to them for Estate Planning! They took such great care of my family and they have earned my business forever! Look no further than Keyes Law Group if you want a seamless process and to cover all bases for your estate! They aren’t just Estate Attorneys; they are family!" -SL
"The patience with helping us achieve our goal and the patience in breaking down the legalese into simple language that we could understand was very beneficial. We felt we were very well taken care of." -GR
"We truly appreciate your thoughts, ideas and time. I very much value your expertise and look forward to more dialogue about best ways to move forward, build healthier relationships with our children and their children and to pass on our values to the degree we are able." -R.Y.
"I was able to have a honest dialog with such an understanding, compassionate, and caring human being. Thank you." -Y.H.
"I've had the opportunity to work with Elijah for several years now. I started during a challenging situation with my mother and he was terrific. I'd say he's very responsive, reliable and exceptionally fair. Also very empathetic. It's refreshing to engage with him and feel that I'm being well taken care of and my needs are being met. His staff is also lovely and overall super accommodating." -I.S.
"It is very important to research and choose wisely when looking for an estate planning attorney. Did you know that the California State Bar Board of Legal Specialization has a unique recognition for attorneys who go beyond the regular requirements to practice Estate Planning? Elijah Keyes has this designation; Certified Estate Planning Specialist. He is extremely well versed with this specific area of law and is a strong advocate for his clients in estate planning, including establishing living trusts, wealth planning and family transfers, dynasty trusts, conservatorships, special needs trusts, elder law medi-cal benefits and planning, trust administration and probate. Thank you Elijah, for being a trusted resource for us and for our clients!" -M.H.
"Keyes Law Group helped our family through a very difficult time with estate planning. He's honest, transparent and genuinely cares about his clients. His own personal experiences have shaped his approach in working with people - especially older folks who might be more mistrusting. He can finesse difficult conversations with ease and for that, I'm forever grateful. 100% recommend!" -Y.V.
"Elijah was very helpful with editing our family trust after my wife passed away. He answered all my question in a timely manner and if he did not know the answer he found out quickly. He would take time out of day to reassure me that he had everything under control. He took his time to explain why he worded the trust the way he did and that I understood what it meant. Will use him again when the trust needs to updated." -D.