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Trust Attorney

Fullerton Trust Attorney 

Achieving Your Family's Financial Security Through Effective Estate Planning

At OC Elder Law, we strive to serve as a trusted estate planning and elder law partner for our clients. We understand the importance of securing a financially stable future for your family, and we're here to help our clients navigate through the complexities of estate planning and trust management. 

Estate planning is more than just drafting a will - it's about ensuring peace of mind for you and your loved one. Our Fullerton trust attorney is committed to helping clients bring these aspirations to reality. Established in 2003, we have been serving as a steadfast legal ally for the elderly and their families in Orange County, backed by a passionate team with over 30 years of combined experience. 

Our dedicated lawyers, paralegals, and administrative staff work tirelessly to maintain a smooth operation and foster strong client relationships. We have experience addressing many of the unique challenges related to aging, and we do so with an unwavering focus on minimizing stress, preventing disputes, and preserving family unity. Our mission is to assist you in planning for the future, prioritizing your rights, assets, and legacy. With OC Elder Law, you can rest assured that your estate planning needs are in skilled hands.

Your tranquility is our mission. Get in touch with our Fullerton will attorney at OC Elder Law today at (888) 493-5088 to arrange a consultation.

Fullerton Trust Attorney Serving Orange County and Beyond

At some point in time, everyone needs to contemplate their end-of-life arrangements. This ensures that their assets and properties are transferred to their loved ones according to their wishes. While the thought of estate planning might seem grim to some, it's crucial to adopt a pragmatic approach to this process and recognize the significance of dedicating time and effort to a robust and dependable end of life plan. 

At OC Elder Law, our team has built a reputation for helping clients craft wills and trusts that offer assurance and serenity. One of the pivotal topics in estate planning that everyone should understand is the concept of trusts. A trust can be an ideal solution to guarantee that your property is well-managed if you pass away or become incapacitated in any way. Our team is here to demystify how trusts operate and aid you in creating a trust that aligns with your family's interests. 

What is a Trust?

A trust is a legal setup where a property owner (trustor or grantor) transfers their assets' legal ownership to a trustee. Trustees can be family members, institutions or trusted professionals. The trustee's primary role is to distribute the trust's assets according to the trustor's wishes after their death. They typically receive stipulated compensation for this task. Understanding that a trust establishes a fiduciary relationship between the trustee and the beneficiaries is key. Essentially, the trustee must act in the beneficiaries' best interests and is legally liable for any mismanagement of the trust. 

The trust holds the assets and properties you intend to leave to your family after your death, which could include real estate titles, business interests, vehicles, bank accounts, retirement accounts, life insurance policies, securities, valuable items, antiques, precious metals, family heirlooms, jewelry, and owned patents and trademarks. Our Fullerton trust attorney can help you decide which assets are suitable for your trust and advise on the best type of trust for your needs. Trusts vary, and it's important to understand your options. The size of your estate, tax considerations, and the number of beneficiaries in your estate plan can influence the choice of one type of trust over others. 

Do I Need a Fullerton Trust Attorney?

While it's technically possible to establish a trust without a lawyer, this is usually only recommended for those with minimal assets or a single heir. For those with more intricate estates, seeking professional legal advice when setting up a trust is always a wise decision. A seasoned Fullerton trust attorney can ensure that your trust aligns with your intentions for your estate and assets, providing the peace of mind that comes from preparation. It's crucial to understand that a trust should merely be one element of a comprehensive estate plan. Ideally, an estate plan should encompass four key facets: a trust, a will, a healthcare plan, and a Power of Attorney designation. By collaborating with a skilled trust attorney, not only can you develop a robust trust, but also explore other estate planning avenues that can offer additional protection for you and your loved ones. 

Understanding the Types of Trusts Available to You

A trust is a legal arrangement that allows a third party, or trustee, to hold and direct assets on behalf of the beneficiary. There are several types of trusts, and each offers distinct advantages and limitations. 

At OC Elder Law, we offer several types of trusts: 

Living Trust: This type of trust comes into effect while the trustor is still alive. There are two subtypes: 

  • Revocable Living Trust: This flexible option allows the trustor to modify the trust terms and add assets as needed. However, it doesn't offer protection from creditors, and the trust's contents are subject to state and federal estate taxes upon the trustor's death.   
  • Irrevocable Living Trust: This is a fixed trust that cannot be altered after creation. It can serve as a tax shield against estate taxes and help avoid the probate process, as all assets transfer to the trustee immediately upon trust creation. 

Testamentary Trust: This trust only takes effect upon the trustor's death, with ownership transferring to the designated trustee. 

Each type of trust has its unique benefits and potential drawbacks. Our experienced Fullerton trust attorney can advise you in choosing the best option for your needs and goals. 

For those interested in the tax benefits of an irrevocable living trust but worried about future asset inclusion, ask our attorney about the tax benefits of a trust arrangement. 

Trust Creation and Administration at OC Elder Law

Deciding how to manage and distribute your assets is a critical decision that requires legal guidance. At OC Elder Law, our experienced attorney provides trust services and estate planning guidance you can trust. Our team can help you navigate the complexities of living trusts, testamentary trusts, and more. Whether you're considering a revocable or irrevocable living trust or need help with a "pour-over will," we have the experience to guide you through every step. Don't leave your estate planning to chance. Secure your legacy and ensure your loved ones are taken care of by partnering with our experienced Fullerton trust attorney at OC Elder Law.    

Schedule a consultation with our Fullerton trust attorney at OC Elder Law today by calling (888) 493-5088 or reaching out online.

Protect Your Treasures

Work with compassionate and experienced estate planning and elder law attorneys who will help you plan for the unknown and protect you and your loved ones. 

  • NOCC
  • Avvo - 2015 Clients' Choice - Elder Law
  • Avvo - 2015 Clients' Choice - Estate Planning
  • Wealth Counsel
  • Avvo - Supurb 10.0 - Top Attorney Estate Planning
  • CNN Money
  • The Meredith Vieira Show
  • People
  • Channel 4

Meet the Crew

Compassion, Experience & Integrity
  • Marty  Burbank Photo
    Marty Burbank Attorney

What Sets Us Apart

  • Over Three Decades of Experience & Service the Community
  • Home Visits Available for Those Who Are Unable to Travel
  • Services Available in Spanish & Korean
  • Free 30 Minute Evaluation

Start Your Journey

Contact us today for your free evaluation. We can help avoid the choppy waters of not having a plan in place for you and your loved ones.
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