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Steve H. Hornstein, CPA, Esq., LL.M., CFP  Michaeline Roche, Esq. 20335 Ventura Blvd., Suite 203

Steve H. Hornstein, CPA, Esq., LL.M., CFP  Michaeline Roche, Esq. 20335 Ventura Blvd., Suite 203 Woodland Hills, CA 91364 Office: (818) 887-9401 Toll-free: (888) 280-8100 Fax: (818) 887-7173 Steve@HornsteinLawOffices.com Missy@HornsteinLawOffices.com

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Steve H. Hornstein, CPA, Esq., LL.M., CFP  Michaeline Roche, Esq. 20335 Ventura Blvd., Suite 203

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  1. Steve H. Hornstein, CPA, Esq., LL.M., CFP Michaeline Roche, Esq. 20335 Ventura Blvd., Suite 203 Woodland Hills, CA 91364 Office: (818) 887-9401 Toll-free: (888) 280-8100 Fax: (818) 887-7173 Steve@HornsteinLawOffices.com Missy@HornsteinLawOffices.com www.HornsteinLawOffices.com

  2. Advantages of a Revocable Living Trust over a Will • You keep control during your lifetime. • Later, your designated Trustee keeps control. • Flexible. • No Probate (a Will may need a probate). • Private unlike the Probate of a Will. • Lower Cost to Settle than Probate of a Will. • Faster to Close than Probate of a Will.

  3. After you transfer your assets into your Revocable Living Trust, you continue to manage those assets as you please.

  4. A Revocable Living Trust can be changed or revoked anytime, assets added or removed at will, usually without a lawyer.

  5. Later on…..With a Will, while in Probate, a Judge controls the assets,whereas a Trust is administered by a Trustee of your choosing.

  6. A Trust maintains Your Privacy.

  7. A Will Goes Through Probate, a public legal process.A Trust is a private procedure.No Public Court Hearing.

  8. But isn’t a Trust Expensive?

  9. The cost of a Will is about $500.The cost of a Trust is about $2,150.

  10. However……. The cost of Probating (proving) a Will is set by the State of California, and can be expensive.

  11. * $11,000 to the attorney;* $11,000 to the executor (could be waived);* $400 (approx.) court filing fees;* $200 - $800 (approx.) publication fees to give notice to the public to make claims against the estate if they are owed anything;* Additional Fees as the Judge authorizes. Example of Fees to probate a $400,000 estate: TOTAL FEES COULD BE $12,000 to $23,000!

  12. The cost of administering a similar size Trust is about $2,000.

  13. A Trust closes faster than Probate.

  14. A Probate typically takes 8 to 24 months. A Trust usually can be closed in 4 to 8 months.

  15. To Review, the advantages of a Revocable Living Trust over a Will. You Keep Control Flexible No Probate Private Lower Cost to Settle Faster to Close

  16. Why Choose a Hornstein Law Offices Trust?

  17. We prepare a Complete Trust Package. Includes Trust Pour Over Will Durable Power of Attorney Advanced Medical Directive Deeds to put Real Estate into the Trust

  18. And……. • We have our in-house CPA review the Trust for possible tax issues. • We use our experience to help you write your Trust so that your wishes will be carried out with a minimum of expense and bureaucracy.

  19. Steve H. Hornstein, CPA, Esq., LL.M., CFP Michaeline Roche, Esq. 20335 Ventura Blvd., Suite 203 Woodland Hills, CA 91364 Office: (818) 887-9401 Toll-free: (888) 280-8100 Fax: (818) 887-7173 Steve@HornsteinLawOffices.com Missy@HornsteinLawOffices.com www.HornsteinLawOffices.com

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