Living Trust Attorney in San Juan Capistrano CA
San Juan Capistrano 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”.
San Juan Capistrano, CA
San Juan Capistrano, city, Orange county, southern California, U.S. Located near the Pacific coast, it lies halfway between San Diego and Los Angeles. The seventh in the California chain of 21 Franciscan missions, Mission San Juan Capistrano was founded in 1776 by Father Junípero Serra and named for the Neapolitan crusader Saint John of Capistrano. The mission was constructed 1797-1806 and was badly damaged in 1812 by an earthquake that wrecked its cruciform church and killed 29 people. The church remains a crumbled ruin with arches, quadrangle, and garden; there has, however, been some restoration of the mission buildings, including the adobe Serra Chapel (still in use). Settlement grew up around the mission, which has gained fame through its swallows, which reputedly fly off on St. John’s Day (October 23) and return “miraculously” to their mission nests on St. Joseph’s Day (March 19). Their departure and return are celebrated by fiestas. The city is populated in part by descendants of early Spanish, Mexican, and Indian settlers; it experienced significant residential development during the last decades of the 20th century. Cleveland National Forest is east of the city, and many fine beaches are nearby. Inc. 1961. Pop. (2000) 33,826; (2010) 34,593. San Juan Capistrano is a city in southern Orange County, California, located approximately 23 miles (37 km) southeast of Downtown Santa Ana. The current OMB metropolitan designation for San Juan Capistrano and the Orange County Area is “Santa Ana-Anaheim-Irvine, CA.” The population was 34,593 at the 2010 census, up from 33,826 at the 2000 census. The city was created around Mission San Juan Capistrano, and many of the homes and strip malls resemble the Spanish architecture that compose the building. It is home to the widest variety of homes in Orange County, including those built prior to 1900 in its central district (some being adobes from the 18th century), a number of 10 million-dollar homes in the gated communities of the hills, and working ranches in its foothills. San Juan Capistrano is probably best known for the annual migration of the cliff swallows that reputedly migrate each year from Argentina to the Mission San Juan Capistrano. The 2010 United States Census reported that San Juan Capistrano had a population of 34,593. The population density was 2,419.9 people per square mile (934.3/km²). The racial makeup of San Juan Capistrano was 26,664 (77.1%) White, 193 (0.6%) African American, 286 (0.8%) Native American, 975 (2.8%) Asian, 33 (0.1%) Pacific Islander, 5,234 (15.1%) from other races, and 1,208 (3.5%) from two or more races. Hispanic or Latino of any race were 13,388 persons (38.7%).
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