Are you looking for living trust Russian-speaking attorneys in Bay Area?
Are you looking for a living trust Russian-speaking attorney in Bay Area, California? If so, look no further, because attorney & counselor at law Andrei Jingan is a dedicated estate planning attorney who is fluent in both Russian and English. He helps Russian-speaking clients navigate the intricacies of trusts by communicating with such clients in Russian (if needed). Attorney Jingan is licensed to practice law in California, and his practice areas are aligned with his passion for helping families plan for incapacity and succession. In fact, he creates professional trust-based estate plans for tax planning, avoidance to lengthy and expensive probate, and even asset protection (depending on circumstances).
Being born and raised in the Republic of Moldova (a former USSR republic), Mr. Jingan learned to speak Russian language when he was only 4 years old by playing with Russian-speaking kids. His father always encouraged him to learn as many languages as possible. He continued to improve his Russian language skills by studying Russian in school and watching television in Russian language besides Romanian (his native language), English and Italian. In law school, thank to his Russian language skills, he was able to read the law from Russian law school books (in addition to European, USA, and Romanian manuals) to widen his knowledge in comparative law. Even at home, he speaks both Russian and English with his wife and three wonderful kids. You can read Mr. Jingan’s autobiography at the following link: http://dky.35f.myftpupload.com/attorney/andrei-jingan/
Not only Mr. Jingan is fluent in Russian language, but also he is a well-versed estate planning and business law attorney serving clients from entire California (especially Bay Area where approximately 80% of his clients are located). He easily conducts his appointments via Zoom video conferences, phone calls, and in-person meetings at his offices in San Francisco, Walnut Creek or El Dorado Hills. However, please note that due to his busy business schedule, an advance appointment is mandatory.
Top 10 Documents that Should be Included in a Complete Estate Plan in California
California residents might be wondering what their estate plan should include, and this list provides a general summary of what a comprehensive estate plan should include.
A Living Trust is a legal instrument for financial, incapacity, and estate planning that allows a person ("Trustee") to hold another person’s ("Trustmaker's") property for the benefit of someone else ("Beneficiary"). Unlike a testamentary trust, a Living Trust goes into effect during the trust maker's lifetime once signed by the trust maker.
Most often, the Trustmaker, Trustee, and initial Beneficiary are the same person (while alive and competent). In such cases, the Trustmaker keeps full control over his/her property and money and retains the right to use and spend that property and money as if it had never been transferred into the trust.
A professional living trust created by an estate planning attorney brings many advantages such as:
1. Avoidance of Lengthy and Expensive Probate Court Proceedings; 2. Tax Planning; 3. Control over assets even during incapacity or after death; 4. Protection Against Creditors and Predators; and 5. Privacy of Assets Distribution.
A "Will" is a written instrument in which a person (testator) makes a disposition of his or her property that takes effect after his or her death. In most cases, a standalone will needs to be probated, which as mentioned above, is a lengthy and expensive process considering that probate fees are calculated as a percentage of the total estate value. For this reason, if a trust-based estate plan is created by your attorney for you, oftentimes you will encounter a "Pour-over Will" which is a catch-all document for money and property not transferred into the revocable living trust or by beneficiary designation before death. Also, you can nominate in the Will or Pour-Over Will the intended guardians for your minor children should you become incapacitated or die before your children reach the age of majority.
Durable (Financial) Power of Attorney
A Durable (Financial) Power of Attorney designates who will be in charge of managing the trustmaker's accounts and property if the trustmaker is living but unable to make decisions; states what authority the trustmaker's chosen decision-maker has; avoids a legal conservatorship, which is the court supervision of trustmaker's financial affairs.
Advance Healthcare Directive
An "Advance Healthcare Directive" clarifies a person's wishes regarding life-sustaining procedures. You have the right to give instructions about your own health care. You also have the right to name someone else to make health care decisions for you. This form lets you do either or both of these things. It also lets you express your wishes regarding the donation of organs and the designation of your primary physician. This document is especially helpful in those cases when the patient is terminally ill and has no chances of survival; however, doctors nevertheless keep such patients on life-sustaining devices for years without giving their families the choice to let these patients leave this world with dignity.
Nomination of Guardian (for minor children)
A guardianship nomination document sets out how the parents of minor children would like their minor children to be cared for if both parents die. In this nomination, such parents are able to specify the person(s) they would like the court to appoint as their minor children’s legal guardian(s), and leave any instructions for their care. Because minor children are unable to manage most types of property (e.g., real estate, significant sums of cash, stocks, bonds, insurance benefits, retirement plan proceeds, etc.), such parents will also be able to designate a guardian to help manage their minors' property until such children reach the age of majority.
However, please note that the guardianship nomination document comes into play only after both parents are deceased or permanently incapacitated. Your preferred person must still be approved by the court and that person must follow state law requirements when acting for your children. Though the court has the ultimate discretion in deciding whom to appoint as guardian of your children (by considering factors, such as what is in the child’s best interests), parents' nominations are given considerable weight during the process.
Health Insurance Portability and Accountability Act (HIPAA) authorization form: names the person you have chosen to access your protected healthcare information. This authorization is super important because doctors are prohibited from disclosing health-protected information to third parties, including immediate family members such as spouses or children unless a HIPPA authorization form authorizes these persons to access your healthcare information.
Trust Funding Instructions
After the creation of the living trust, it's super important to transfer your property and money into your trust to avoid probate at death. This applies to both current assets and assets acquired by you in the future. Again, this is VITALLY IMPORTANT for a successful estate plan and the Funding Instructions will give you specific guidance on how to transfer your property and money to the trust depending on such assets' category.
Assignment of Personal Property
The Assignment of Property lists every item of trust personal property that you've indicated doesn't have a title document, plus ones you weren't sure about. It simply says that you're transferring all those items to you as the trustee of your trust.
Assignment or Transfer of Business Interests
If you own an ownership interest in a business, such interest needs to be assigned or otherwise transferred into the trust to avoid probate court involvement when this business owner dies or becomes incapacitated.
Also, business owners might consider having a Buy-Sell Agreement for their business interest. A buy and sell agreement is a legally binding contract that stipulates how a partner's share of a business may be reassigned if that partner dies or otherwise leaves the business.
Remembrance & Memorial Instructions
This document gives an opportunity to share some life wisdom with your loved ones, instruct the family on your funeral preferences (including what scriptures to be read and what music to be played), etc.
And most importantly, work with a trusted Russian-speaking estate planning attorney which is the main ingredient, because an experienced lawyer is best suited to properly counsel you, foresee any legal risks, and ensure that your estate planning goals are fully accounted for, and you can fully rely on attorney Andrei Jingan in this regard.
Are you surprised that this page is addressed to Russian-speaking clients from Bay Area?
If so, please be advised that Northern California is the home of more than 2 million Russian speakers, of which about 400,000 located in Greater Sacramento and over 900,000 in San Francisco, East Bay and Bay Area. An average size of a Russian-speaking family is 4 people for the Bay Area and about 5 for the Greater Sacramento Area.
And you might be surprised; however, 65% of Russian-speaking population from Bay Area is comprised of Non-Russians who happen to speak Russian as second, third or even fourth language. More specifically, we are referring to those who relocated to Bay Area from former USSR republics, and while Russian is not their native language, they manage to speak Russian as a common language between former USSR nations.
The Russian-speaking community from Bay Area has experienced a rapid economic growth in the past 20 years, resulting in 60% home-ownership, with average income of $ 100,000 per household.
Furthermore, rapid economic growth in Russian Federation results in massive funds flow into the Russian-speaking diaspora, which enables Russian immigrants to consume, invest in businesses, commodities, real estate in the USA (including Bay Area).
A large segment of Russian-Speaking immigrants are investors and business owners. Over 60% of adults have advanced degrees in their professional field. Education is a cultural priority.
Self-motivation and hard work help Slavic people achieve great heights in their professional field. Wimbledon Champion Maria Sharapova, frequent Hollywood guest and a professional tennis player Anna Kournikova, boxing Heavyweight Champion of the World (WBC) Oleg Maskaev, co-founder of the GOOGLE internet search engine Sergey Brin, this are just few members of Slavic Community.