Los Angeles Living Trust Attorney

The Importance of Living Trusts

A living trust is set up during your lifetime. It is usually a revocable trust in which you transfer some or all of your property to the trust for the benefit of your beneficiaries. The trust then owns the assets and property, but this doesn't mean that you lose control of them. Usually you name yourself as the initial trustee. You can then do what you want with your assets, transferring them out or adding in new ones. It's a handy way to gather and keep track of all your assets under one document and allows for the rapid and appropriate distribution of those assets to your beneficiaries after you die.

Assets in a living trust are exempt from probate proceedings, which may save your beneficiaries time and money. Another benefit is that a living trust can set up how your affairs are handled if you become incapacitated. Whomever you appoint as your successor trustee can then step in and administer your trust according to your instructions. Also a living trust is a private document whereas a will is not. Living trusts can hold assets for young beneficiaries or special needs beneficiaries as well.

Gaining accurate information that applies to your unique situation is one of the best ways to approach a living trust. If you live in or are looking for an attorney in the Los Angeles area to help you with a matter related to this topic, you have come to the right place. Our law firm may be able to provide you with the legal support you need. With a complete understanding not just of living trusts but of other options that may be available to you, we can give you a clear picture of what to expect. We can help you make choices that will benefit you now and in the long term.

Living Trust Lawyer Serving the Los Angeles Area

A Los Angeles trust lawyer from The Law Offices of David A. Shapiro, a Professional Corporation, can efficiently handle your living trust needs. We are ready to apply our knowledge, skill, and competence in estate planning to ensure your living trust is designed to your satisfaction. Our first priority is our clients. We are located in and serve all areas surrounding Los Angeles, including Century City, Westwood, Brentwood, Beverly Hills and other cities. You may have questions about setting up a living trust or may wish to know what repercussions, advantages and disadvantages this may have for you and your family. An attorney at our firm can answer your questions and address your concerns in order to guide you toward a swift and beneficial solution that suits your needs.