Living Trust Attorney in La Habra CA
La Habra 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”.
La Habra, CA
La Habra is a city in the northwestern corner of Orange County, California. In the 2010 census, the city had a population of 60,239. Its related city, La Habra Heights is located to the north of La Habra, and is in Los Angeles County. In the ranchos days when vast herds of Mexican cattle and horses grazed over the hills and valleys of Southern California, Mariano Reyes Roldan was granted 6,698 acres (27 km2) and named his land Rancho Cañada de La Habra. The year was 1839, and the name referred to the “Pass Through the Hills,” the natural pass to the north first discovered by Spanish explorers in 1769. In the 1860s Abel Stearns purchased Rancho La Habra. Soon thereafter, heavy flooding followed by a severe drought brought bankruptcy to many cattle ranchers. The first La Habra Post Office was established in 1898 in a corner of Coy’s Store at Central (now La Habra Boulevard) and Euclid Street. La Habra, city, Orange county, southern California, U.S. The city lies just north of Fullerton and southeast of Los Angeles. Its name derives from the Spanish abra (“pass”), with reference to an opening in the nearby Puente Hills. A land grant, known as Rancho La Habra, was made in 1839, and cattle ranching quickly developed. The city was founded in 1896 and became a commercial centre for an extensive agricultural area (citrus fruit, avocados). A packinghouse was built after the arrival of the Pacific Electric Railroad in 1908. The nearby Coyote Hills oil fields were established in 1912. There is some industry, but the city is primarily a bedroom community of the larger Los Angeles area. La Habra hosts an annual corn festival. Inc. 1925. Pop. (2000) 58,974; (2010) 60,239.
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