Living Trust Lawyer in Los Angeles

Why a Living Trust?

Why should you consider establishing a living trust? This is a question that must be answered for yourself, taking your personal goals into account while weighing the potential advantages and disadvantages associated with a living trust. At our firm, we offer legal assistance to clients throughout Los Angeles who are interested in setting up a living trust. Your attorney can advise you of your options in this regard and can design a living trust that meets your expectations and suits your needs.

There are specific advantages associated with living trusts. Depending on the particular trust you establish, you may be able to avoid probate, reduce estate taxes and set up long-term property management. The primary advantage of a living trust is the fact that property left through the trust will not have to go through probate court. Probate may not only drag on for months, but when it finally concludes and inheritors receive what you have left to them, there may be less. Attorney and court fees may reduce assets by approximately 5%.

A living trust is set up while you are still alive. All property transferred into a living trust will not go through the probate process. Instead, the trustee (the person you have appointed to handle the trust) will transfer ownership to the beneficiaries you have already named. This usually only takes a few weeks and attorney and court fees do not have to be paid. Once the property is transferred, the living trust will no longer exist.

Working with a Los Angeles Living Trust Attorney

It is helpful to establish your trust with the help of a Los Angeles living trust attorney who is experienced in these matters. This process must be completed properly so it is not only legally sound but addresses your particular needs and concerns. Your lawyer can handle all of the paperwork involved so your trust is set up as you wish and future issues are prevented.

Learn more about this topic and how we can help by contacting a Los Angeles Living Trust Lawyer today.