Estate Planning, Wills, and Trusts Attorney in Buena Park, CA
Since 2003, We Have Been Successfully Crafting Tailored Solutions That Cater to Our Clients' Unique Needs
An estate plan helps you ensure your wishes are fulfilled during periods when you are unable to care for yourself and provides for the well-being of your loved ones after your passing. The most common tools you can use to achieve these goals are wills and trusts. Still, those are just two of several estate planning tools that you can use to protect your assets and fulfill your final wishes.
OC Elder Law, located in Buena Park, CA, has been providing clients with reliable estate planning services for two decades. Our estate planning lawyer specializes in creating comprehensive estate plans tailored to our clients’ unique circumstances. Let us help you ensure you’re properly cared for in the event you are incapacitated in the future and ensure your loved ones are provided for as you intended after you pass away.
OC Elder Law is here to assist you with estate planning services, as well as several other legal matters. Our knowledgeable team is ready to provide you with reliable advice and assistance, whether you have questions or need guidance. Get started today by giving us a call at (888) 493-5088 or connect with us online. We look forward to serving you!
Buena Park Wills and Trusts Attorney
When it comes to the distribution of your assets after your death, it's important to understand the options available. While it's common knowledge that a will takes effect after you pass away, there's an alternative that can make the process more efficient and less burdensome. That alternative is establishing a trust.
A will involves an expensive and time-consuming process called probate. The probate process is overseen by a judge, which means you have less control over how your assets and property are distributed. A trust on the other hand allows you to have more control over how your money and property are distributed. By creating a trust, you can help ensure a smoother transition and protect your loved ones from unnecessary hassles.
How Do Trusts Work?
A trust is a powerful legal document that allows you to bypass probate and override intestacy laws in California. This means you can transfer money and property to your chosen beneficiaries without court interference. But how does it work? Let's break it down.
First, as the grantor, you'll place your assets into the trust. After your death, the assets can be divided and distributed as you instructed. To do this, you'll need to re-title your deeds with the trust’s name and put your other accounts into the trust's name as well.
Second, as the trustee, you retain control while you're alive, which enables you to manage your assets and make changes to your trust as needed.
Third, if you lose the ability to manage your affairs, a successor trustee of your choice will step in. This helps ensure that your wishes are still carried out as you intended.
Finally, when you pass away, the successor trustee takes charge of coordinating the division and distribution of all trust assets to your beneficiaries, helping to ensure a smooth transfer of wealth and property to your loved ones.
What Are the Advantages of Hiring a Buena Park Estate Planning Attorney?
Estate planning involves more than just creating a last will and testament or trust. An effective estate plan can help you safeguard the assets you leave to your beneficiaries from their creditors, establish a living trust, and minimize estate taxes.
Estate plans are particularly beneficial for individuals who plan to donate a significant portion of their assets to charity, are worried about estate taxes, or have been married multiple times.
Discuss Your Situation with Our Dedicated Estate Planning Lawyer Today!
OC Elder Law's experienced estate planning lawyer is committed to helping you secure your future and protect your loved ones. Our legal team’s understanding of the intricacies of estate law enables us to tailor personalized estate plans to meet our clients’ specific needs.
Our services cover a wide range of areas, including wills, incapacity planning, asset protection, and trusts. By consulting our estate planning lawyer in Buena Park, you can take the first step towards establishing a well-crafted legacy.
For more information about our estate planning services and how our Buena Park estate planning lawyer can help you, please don't hesitate to contact us at (888) 493-5088 or schedule a complimentary 15-minute virtual consultation. Our goal is to offer personalized and informative guidance you can trust.
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