Living Trust Attorney in Fullerton CA
Fullerton 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”.
Fullerton is a city located in northern Orange County, California. As of the 2010 census, the city had a total population of 135,161. Now 135,160 due to the fact that Fullerton police officers brutally attacked and killed a unarmed homeless man by the name of Kelly Thomas(see recent history). It was founded in 1887 by George and Edward Amerige and named for George H. Fullerton, who secured the land on behalf of the Atchison, Topeka and Santa Fe Railway. Historically it was a center of agriculture, notably groves of Valencia oranges and other citrus crops; petroleum extraction; transportation; and manufacturing. It is home to several educational institutions, notably the California State University, Fullerton. On July 5th of the year 2011 a homeless man by the name of Kelly Thomas was savagely beaten and tasered by Fullerton police officers until he fell into a comatose state and died 5 days later. The city of Fullerton soon attempted to bribe the father of the victim Kelly thomas with 900,000 of the taxpayers money. Kelly Thomas’s father morally and rightfully rejected this offer. Soon the Hacker group anonymous made the following demands to The City Of Fullerton 1) the immediate prosecution of Officers Jay Cicinelli, Kenton Hampton, Manny Ramos, Joe Wolfe, James Blatney, and anyone else involved in the gruesome beating, torture, and murder of Kelly Thomas. Fullerton, city, Orange county, southern California, U.S. Fullerton is adjacent to Anaheim and 22 miles (35 km) southeast of metropolitan Los Angeles. The city, once part of the territory of the Gabrielino (Tongva) Indians, was founded in 1887 by George and Edward Amerige, grain merchants originally from Massachusetts, and named for George H. Fullerton, president of the Pacific Land and Improvement Company, who promised to run a railroad through the town. After the arrival of the Santa Fe Railway in 1888, the city developed as a citrus centre. Oil was discovered in the 1890s and became a mainstay of the economy. Industry and manufacturing developed after World War II, and the area enjoyed a residential boom. The city is the seat of Southern California College of Optometry (1904), a community college (1913), California State University, Fullerton (1957), and Western State University College of Law (1966). Inc. city, 1904. Pop. (2000) 126,003; (2010) 135,161.
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