714-385-0044 detlaw@hotmail.com

Living Trust Attorney in Lake Forest CA

Lake Forest 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 Trust Attorney Lake Forest CA

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.

Flexibility

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”.

Lake Forest, CA

Lake Forest is a city in Orange County, California. The population was 77,264 at the 2010 census. Lake Forest incorporated as a city on December 20, 1991. Since being incorporated, it has expanded its limits to include the communities of Foothill Ranch and Portola Hills. Foothill Ranch and Portola Hills are master planned developments that brought new homes and commercial centers to the Eastern boundary of Lake Forest throughout the 1990s. Lake Forest (along with its neighboring cities Mission Viejo and Irvine) is ranked as one of the safest cities in the country. The private research firm Morgan Quitno ranked Lake Forest as the 15th safest city and another firm later ranked Lake Forest 10th in 2007 in the United States. The city has two lakes from which the city gets its name. The lakes are man-made, and condominiums and custom homes ranging from large to small line their shores. The Lake Forest Beach and Tennis Club and Sun and Sail Club feature tennis courts, gyms, basketball courts, barbecue pits, volleyball courts, multiple swimming pools, saunas, hot tubs and club houses for social events. The “forest” for which the city is also named lies in the area between Ridge Route, Jeronimo, Lake Forest and Serrano roads, and consists mostly of Eucalyptus trees. It began in the 1900s when a local landowner, Dwight Whiting, planted 400 acres (1.6 km2) of Eucalyptus groves in the vicinity of Serrano Creek as part of a lumber operation. In the late 1960s, the Occidental Petroleum company developed a residential community in and around the Eucalyptus groves which had long since expanded and grown much more dense.

Nearby Cities:

Living Trust Attorney Laguna Woods, Living Trust Attorney Laguna Hills

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Dwight Edward Tompkins, Esq.

Location

1122 E. Lincoln Ave., Ste 107
Orange, CA 92865

Tel :

+1 714 385-0044

Fax :

+1 714 385-0066

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

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