Burbank Estate Planning Attorney
Wills Trusts Lawyer
Same Sex Estate Planning Attorney
“Failing to plan is planning to FAIL.” - Ben Franklin
Wills, Trusts & Health Directives...
Protecting Your Final Wishes
“LA LAW Estate Planning Lawyers understand how critical it is for you to take control of your life and your assets! Estate Planning is not simply filling out some paperwork… it requires an experienced estate attorney to look at all aspects of your life to ensure you are properly protected!”
Beware of bargain shopping when preparing a legal plan that will help you control your life and assets. We have had a great number of clients that needed our firm to fix the estates after having a cheap Legal Assistance Company or just an inexperienced attorney create their documents in the first place. When families get into a crisis situation at or near the death of a loved one, many of these inadequate trusts lack many of the needed strategies that family members are left to live with major problems or must spend thousands of dollars in court correcting the errors. Sad to say, that often there is nothing that can be done. If you do not use a competent Asset Protection Attorney, you may not know that your estate has a problem until it is too late.
The LA LAW Center estate planning attorneys have years of experience in protecting their family and clients with wills and trusts. We make very effort to provide close personal attention to you and your plans. We will protect and care for you as if you are a part of our own family. Deciding to create your will and / or trust is one of the most important decisions in your life and we are here to help guide you through this legal process.
Trusts… How do they protect your family?
Trusts known as credit shelter trusts or life insurance trusts can also have tax advantages for the both the beneficiaries and the donor. Trusts can be used to help you qualify for Medi-CAL or to protect your property from creditors.
Unlike the probate process, Trusts are completely private documents. Only those directly named in the trust will be made aware of the trust assets and distribution after your death. A well drafted trust can effectively keep you in control of your assets and your life…even after your death. There are many types of trusts for specific protection issues from simple to very complex Will and Trust Creation. LA LAW Estate planning attorneys use many legal documents , including Special Needs Trusts, Irrevocable Trusts, Charitable Remainder Trusts, Revocable, Irrevocable & Charitable Remainder Trusts for Asset and Legacy Protection, Martial planning, Pre Nuptial Agreements, Post Nuptial Agreements, Same-Sex Domestic Partnerships trusts and Wills. These documents can help your estate with Estate and Gift Tax Review, Wealth Protection from government Taxes, tax avoidance, legal tax avoidance, property protection, business protection, family legacy, protecting estate assets for sandwiched generation, elder parents distribution to avoid death taxes. etc.
Trusts can also be set up to help one qualify for Medi-CAL and also as a shelter from creditors. Seek the advice of an experienced Estate Planning Attorney to set up a will and/or trusts that will protect your estate both during your lifetime and in the event of your death.
You may ask, "Why should I have a Living Trust?" People ask this because they may have a will, or have titled their property in Joint Tenancy, or perhaps they simply are reluctant to contemplate their incapacity or death.
However there are several reasons why a Revocable Living Trust can be beneficial to your estate planning.
A Living Trust does the following:
Eliminates the need for your heirs or surviving spouse to be subjected to the agony and unnecessary costs of the probate process;
Allows for the management of your trust assets if you become incapacitated;
Provides the vehicle to potentially eliminate estate or inheritance taxes or at least minimize these onerous and confiscatory taxes;
Provides a means for your appreciable assets to be transferred to your beneficiaries with a "stepped-up valuation", which means that potential capital gains tax would be avoided.
For more information about Trusts, please click on this link:
Trusts – Protecting Your Estate & Your Privacy
What is a WILL?
Wills give legal instructions for how you would like your property divided in the event of your death. It also names who you would like to care for any minor children in the event of an untimely death.
Your Will appoints a legal representative that will carry out all of your instructions for your estate. Wills do not cover assets such as jointly owned properties, 401k plans, life insurance policies, IRAs, Trusts and other assets with named beneficiaries.
If you should die without a Will (intestate) your estate will be divided according to state probate laws, which may not reflect your final wishes.
For more information about your Will, Power of Attorney or Health Directives, please click on this link:
Wills – Protecting Your Final Wishes
Power of Attorneys – Protecting Your Financial Assets
Health Directives – Protecting Your Body In Case of Incapacity
Pet Trusts - Taking Care of Non-Human Loved Ones
What is HIPAA?
If you were asked, "What would happen to your assets if you were gone tomorrow?" We can help you have peace of mind and say “Yes, I know exactly what will happen!”
Our Estate Planning Lawyers are proud to be a part of the complete solution to your family’s crisis, not just the lawyers that create the legal documents. We understand the issues surrounding the care of aging loved ones and what it takes legally to meet your needs and goals, while giving your family the peace of mind that your loved ones are getting the best care possible in a complex and confusing situation.
Please contact our office for a free initial consultation with Joseph McHugh, a California Elder Law Attorney. Or you may wish to call our office or check our web site for the date of our next free public class or workshop to learn more about elder law and the legal ways you can stay in control of your assets and your life!
After a thorough review of the best strategies for your estate plan and our fees for the scope of work, we will structure a comprehensive estate plan created specifically to protect your assets and allow you to stay in control of your life and your money.
Our Law Office is located in Southern California; however, we serve many clients throughout the state and love an occasional road trip to help all of our clients, their family and friends.
We are very proud of the many personal and professional referrals we receive from happy clients and colleagues. Please contact our office today to schedule a free consultation.
Take advantage of a free phone consultation or appointment for a free 30 minute consultation to review your individual situation and determine if you would benefit from our experience and legal services.
Call us at: (818) 241-4238