Living Trusts: Protect Your Assets and Family with the Help of a Glendale Attorney

Categories: California Estate Planning Laws, Estate Planning

Imagine a scenario where an elderly couple, John and Mary, come to you seeking help with their estate planning. They have spent a lifetime building their assets and want to ensure that their wealth is protected and that their wishes are followed in the event of their passing.

One option they have considered is creating a living trust. A living trust can offer many benefits, including avoiding probate, maintaining privacy, and allowing for a smoother transfer of assets to their beneficiaries.

However, creating a living trust can also be a complex process. In California, the laws surrounding living trusts can be difficult to navigate. With proper planning, a person’s assets may be distributed as intended, causing legal and financial problems for the person’s family.

That’s why it’s essential to seek the help of an experienced Glendale living trust attorney. An experienced living trust attorney can help you navigate the complexities of estate planning, ensuring that your assets and family are protected.

What to Consider When Creating a Living Trust

• Your assets and liabilities
• Your wishes for the distribution of your assets
• The designation of a trustee
• Estate tax implications
• Health care directives and power of attorney

Step-by-Step Process for Creating a Living Trust

1. Assess your assets and liabilities
2. Determine your estate planning goals
3. Choose an experienced Glendale living trust attorney
4. Prepare and execute a living trust agreement
5. Fund the trust by transferring assets into it
6. Review and update your living trust regularly

Statistics on Living Trusts in California

• In California, probate can take up to 12 months or longer and cost upwards of $30,000.
• A living trust can allow for a smoother transfer of assets and potentially avoid probate.
• California does not have a state estate tax. However, over $11.7 million estates may be subject to federal estate taxes.

Take Action Now!

Please don’t wait until it’s too late to protect your assets and family. Estate planning is an essential step in securing your future and the future of your loved ones. Choosing an experienced Glendale living trust attorney can ensure that your living trust is executed correctly and that your wishes are followed.

Contact a Glendale living trust attorney today to start the process of protecting your assets and family. Don’t wait any longer. The time to act is now.