A Living Trust Attorney in Long Beach CA is critical for you in order to get a proper and well planned living trust. Basically, Trust Attorneys in Long Beach, CA will explain that you must understand that getting a living trust from the computer or internet that is preplanned and basically just allows you to put in your name and birthday is not in your best interest. A Living Trust Attorney in Long Beach CA will be able to see a wide variety of items that make each living trust individual. Questions normally come up such as what if the Trustee dies or is incapacitated? Who will administer the Trust? What if you want real property to go to your children and you want your spouse to live in the house until he or she dies? How do you make it so your spouse does not bequeath the property to a new ‘honey’ or after acquired spouse? How do you best protect your children to get what you want to give them? How do you fund the Living Trust? The Estate Planning Attorney in Long Beach, CA will be able to have you answer a proper questionnaire and interview in order to determine the best way to protect you, your spouse and your children. One of the biggest reasons to do a living trust is to keep the matter out of Probate. The Long Beach, CA Estate Planning Attorney will explain that this reason by itself should give you incentive to do the Living Trust, rather than a simple computer generated Last Will and Testament.
California Living Trust Attorney
The Living Trust Attorney in Long Beach CA will make it clear that having a properly prepared living trust can be distributed in accordance with your wishes when you die through what is known as trust administration. It does not have to be put in front of a Judge in Probate Court. It does not need years of litigation because the families are fighting among themselves who gets what. In fact, the Estate Planning Attorney in Long Beach, CA can suggest better ways to proceed forward. For example, you might want to bequeath equally two houses to your two children on a 50/50 basis. However, a Long Beach CA Estate Planning Attorney might tell you that this will just cause the two children to fight against each other and ultimately cause dissension and the children to be alienated from each other. Rather, it would be better as Trust Attorneys in Long Beach, CA might discuss for you to bequeath one property to one child and the other property to the other child.
Living Trust Attorney California
The Living Trust Attorney Long Beach CA can advise and prepare Bypass Trusts to ensure your children get the real property and that after you die that your spouse will not bequeath the property to somebody else – to a stranger you don’t know. Your kids will be protected. Your spouse will be able to use the property for the rest of your spouse’s life. What about taxes? You don’t want your spouse and family to have tons of taxes to pay. The Living Trust Attorney Long Beach, CA can advise and prepare the procedures on legally minimizing taxes through the Marital Deduction Trust. The Estate Planning Attorney Long Beach, CA asks about funding the Living Trust. The Long Beach CA Estate Planning Attorney will be able to prepare the Deed of Trust for Real Property as well as other documents in order to properly ‘fund’ the Living Trust and protect the property and do what you want done under the Living Trust. Unfortunately, people who try to do the Living Trust themselves, usually have no idea about the ‘funding the living trust issue’. In fact, if you create a Living Trust and do not fund the Living Trust, it is like saving for years in a bank account, but putting the money in the wrong place. You might have saved the money, but unfortunately, once you have died, there is no way to access it. Thus, the Living Trust Attorney not only prepares the Living Trust, but executes what must be done to properly and correctly make sure that the intentions, desires and wishes of the person making the Living Trust are followed