Living Trust Attorney in Aliso Viejo CA
Aliso Viejo Living Trust Attorney
Let our highly experienced California living trust attorney help you protect your assets and save you and your family from high costs in the long run.
In California, a Living Trust is very often the preferred Estate Plan for many people. The most common type of Living Trust in California is one that is revocable, which means that you have the power to amend and revoke the trust.
The power of revocation and amendment are important for clients in an ever changing world where financial and family circumstances continually change.
Living Trusts vs. Wills
Living Trusts and Wills are the primary Estate Planning tools as both allow you to decide who receives your money, property, and assets after you pass away, and who will manage, settle, and distribute your estate after you are gone.
The primary advantage of a Living Trust over a Will is that a Living Trust avoids the costly and timely necessity of putting the family through a Probate Administration. Avoiding Probate saves the family thousands of dollars in the long run.
Living Trust in California is settled more quickly than the average Probate, and a Living Trust allows families to carry out Estate Planning in private. Probate cases are a public record, and are open to anyone to inspect.
Living Trusts can incorporate special features to handle specific family dynamics. These special approaches can include Special Needs Trusts for the care of a disabled child or family member; Pet Trusts; customized provisions for a “Blended Family” for second marriages that include children from prior marriages, adopted children, step-children, etc.; and “Spendthrift” provisions which protect a child’s inheritance from creditors, predators, and from themselves.
Helpful During Periods of Incapacity
If you are the trustee of your own living trust and you become incapacitated, your chosen successor trustee can manage the trust’s assets for you, very similar to an agent with power of attorney.
Estate Tax Planning
Estate and Gift Taxation issues can be avoided or minimized through the use of custom tailored Living Trust in California.
Counseling and Advice: The Key Ingredient
The key ingredient in the crafting of a Living Trust or Family Trust is the counseling and legal advice I give each and every client as their personal lawyer.
I frequently counsel people who have experienced high-pressure sales pitches from non-lawyer “financial planners” purporting to offer living trusts. These trust schemes hide the real goal, that is, to sell dubious and expensive annuity and insurance products; and more often than not, result in the client buying a useless “botched trust”.
Aliso Viejo, CA
Aliso Viejo is a suburb of Irvine with a population of 50,925. Aliso Viejo is in Orange County and is one of the best places to live in California. Living in Aliso Viejo offers residents an urban suburban mix feel and most residents own their homes. In Aliso Viejo there are a lot of restaurants, coffee shops, and parks. Many families and young professionals live in Aliso Viejo and residents tend to be liberal. The public schools in Aliso Viejo are highly rated. The planned community of Aliso Viejo’s original 6,600 acres were once part of the 26,000-acre Moulton Ranch, owned by the Moulton family, who took title in the 1890s to land originally granted to Juan Avila by the Mexican government in 1842. Over the years, portions of the ranch were sold and became Leisure World, Laguna Hills and Laguna Niguel. In 1976, the Mission Viejo Company purchased the remaining 6,600 acres to create a new planned community – Aliso Viejo – with a master plan for 20,000 homes for a planned population of 50,000. The master plan was approved by the Orange County in 1979, and homes were first offered for sale in March 1982. Aliso Viejo’s first family moved in that November. As part of the project, 2,600 acres were dedicated to Orange County as part of the Aliso and Wood Canyons Wilderness Park, and 800 acres were set aside for local parks, recreation, schools and community facilities. The Aliso Viejo Community Association (AVCA) was set up to manage the local parks and community open space. It was the first community-wide association of its kind in California and has the unique ability to provide a full-range of community services and facilities. Aliso Viejo was the first planned community in California to plan a balance between the projected resident work force and the number of projected jobs within its borders. Pacific Park, the centrally located 900-acre business park and town center, was expected to ultimately provide more than 22,000 jobs. Every home in Aliso Viejo was located about 1 1/2 miles from Pacific Park, to encourage live-and-work opportunities.lacinia commodo. Pellentesque placerat tempus massa. Maecenas cursus dui non purus finibus ultrices.
The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.