As we get older, it is only natural that we start to think more about the lives of our children, our spouse, and our family and what will become of them if something occurs. Death is never something people want to confront, but the reality is that it is important that you be prepared for unexpected events and plan properly for the future. It is of greater importance if you have significant assets, property or belongings of high value that you want to make sure go to the proper heirs after you are gone. Without a legal document in place, if something happens to you, you run the risk of your family dealing with lawyers, probate court and months or years of haggling. There are good reasons why you should talk to a living trust attorney in Los Angeles so you can learn what is best for you to establish now and plan for the future.
A revocable living trust provides you and your beneficiaries with the protection that is important to you. While you are alive, you maintain control of your property and assets and designate your heirs should something happen to you. When you do pass away, the trustee that you have named takes control of the trust to manage it for the beneficiaries. This document lets you know that those you want to inherit your property and assets will get them without any confrontation. It also gives better control over the assets should the beneficiaries be minors and unable to make important decisions on their own.
For many people today, the large fear exists not so much of dying, but of becoming incapacitated and unable to make important decisions. You can speak to us at Gomez and Simone when we are your living trust attorney in Los Angeles, and we can explain how a living trust can be important to you to protect you in situations like this. You can designate your trustee to take over if you became ill and incapacitated so that, when combined with a durable power of attorney, you have the protection of your assets you need.
There are many complex issues involved with living trusts, wills, and power of attorney that you want to understand so you can see what is best for you and your family. Take the time to talk with us at Gomez and Simone and learn how we can help you as your living trust attorney in Los Angeles. You can schedule a consultation with us by calling so we can discuss estate planning and establish what you need to give you peace of mind for the future.