Living Trust Attorney in Villa Park CA
Villa Park 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”.
Villa Park, CA
Villa Park is a city in northern Orange County, California, near and surrounded by the City of Orange, and close to Anaheim Hills, that incorporated in 1962. As of the 2010 Census, the city had a population of 5,812, down from 5,999 at the 2000 census, achieving the status of the smallest city in Orange County by population (La Palma is Orange County’s smallest city in area). Villa Park includes about 2,000 homes and the land is nearly 99% built out. The city is largely zoned for single-family residences and are located on larger lots that average about 20,000 square feet (1,900 m2) or 1/2 acre in size. Within the City Limits there is one small shopping center that includes a Ralph’s “Fresh Fare” grocery store, three banks, a pharmacy with a postal substation, and a variety of stores and offices. City Hall, including a community room, and a branch of the Orange County Public Library are located adjacent to the City’s only shopping Center. Also nearby are some professional offices, and three restaurants, including Rockwell’s Cafe & Bakery. There are a total of four public schools with the City, including Serrano and Villa Park Elementary Schools, Cerro Villa Middle School, and Villa Park High School. All four schools are operated by the Orange Unified School District, which also happens to be the largest employer within the City. Perhaps ironically, there are no public parks within the entire City Limits. Many homes have pools or tennis courts, or both. Unlike the urban areas of Orange County which are situated west of the City, Villa Park has winding streets and it is known for having a rural feel with few sidewalks and limited street lights. Throughout the City are many many trees and flowers located in planted medians and parkways that contribute to a rural, green-belt like ambiance. Surrounded by the City of Orange, Villa Park appears as an enclave or “perforation” within the city of Orange. This is due largely to the fact that Villa Park’s early unwillingness to annex land beyond Santiago Creek, to annex the lands east of a Southern California Edison Power Line Easement that sat between the City of Villa Park and Anaheim Hills, eventually being annexed by the City of Orange.
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.