Los Angeles Estate Planning Attorney
The Importance of Estate Planning
Estate Planning arranges for the transfer or disposal of assets after your death. Thus comprehensive and careful planning is extremely important if you want your wishes to be carried out in an appropriate manner and to avoid disputes or litigation among family members or other beneficiaries.
The Law Offices of David A. Shapiro, A Professional Corporation, focuses on estate planning and administration. We know that the goal of estate planning is to secure the future for you and your loved ones. We understand the importance of eliminating uncertainties in estate planning at the outset and maximizing the value of your estate by reducing taxes and other expenses.
Methods of Estate Planning done by a Los Angeles Lawyer
Without a proper and comprehensive estate plan, your assets and wishes may not be administered according to your intentions. This includes not only the distribution of your property, valuables, and monies through your will or trust but such things as the estate planning with life insurance.
Irrevocable Life Insurance Trusts
If set up correctly, an irrevocable life insurance trust allows for the avoidance of estate taxes on life insurance proceeds. It is usually set up as a trust for the benefit of a spouse and/or children. When the trustee of the irrevocable trust buys the life insurance policy at the outset, it's considered to have no owner and therefore doesn't incur estate taxes. Irrevocable life insurance trusts are a beneficial way to maximize your life insurance proceeds for your estate.
Other Estate Planning Options
Below are some estate planning options that we can discuss with you:
Be protected and have your future and that of your loved ones ensured through proper estate planning and administration. Don't wait until the last minute or until it's too late. A Los Angeles estate planning attorney at our firm are ready to assist you with personalized attention and care.
Contact a Los Angeles estate planning lawyer David A. Shapiro, today for a consultation about your estate planning needs.