Will and Living Trust
Both these arrangements are done by a grantor who desires to divide his/her assets among family or relatives. A will is valid only after the death of the grantor. With a living trust, the person who owns the asset can act as a trustee for his/her properties. They also have the option of assigning a responsible person as a benefactor if they are not able to take care of the assets due to illness or sudden death. Consulting a living trust attorney in Los Angeles will help you get a detailed idea about this particular legal arrangement.
Most people prefer a living trust over a will because of the advantages it has over a conventional will. A will has to undergo a process called probate in which the executor of the will has to get legal permission from the court to administer the will of the deceased. This process, known as the 'Grant of Probate' can be done by applying to the probate office of the Supreme Court by the executor. A living trust has no such requirement. To get an elaborate idea and information on this you can contact a probate attorney in Los Angeles. A will can also be amended or revoked any time in the court.Setting up a living trust offers complete autonomy over your assets. It is also essential to name a responsible person as your successor to take care of your properties after your time. When you consult a Los Angeles estate planning lawyer, make sure you state your requirements in clear terms.
Choosing an Attorney
Since you will find so many lawyers listed under estate planning lawyer in Los Angeles, it can be a little confusing to the find the right attorney for your case. Schedule a free consultation with the attorney who you think might be able to help you. Check how long he/she has experience in planning estates. Whether you are looking for a probate attorney in Long Beach or Los Angeles you need to see if you feel comfortable talking to them. A well-qualified attorney will explain you all the necessary regulations and laws and suggest the best legal option for you.. It is also important to find out how much time they are dedicating towards your case. Make sure the Los Angeles estate planning attorney is easily reachable via phone, email or fax.