Estate Planning, Probate and Immigration Attorney of Los Angeles, California

Living Trust a.k.a. Revocable Trust

Why A Living Trust?

Preserve and Maximize Assets

By minimizing taxes during your life (income taxes, capital gains taxes, estate taxes on inheritances you expect to receive)
By minimizing or eliminating estate taxes upon your death (up to 55% of your assets and life insurance benefits)
By reducing estate administration costs through probate avoidance
Avoid or limit MediCal claims on your assets should you require long-term care
Ensure that a special needs beneficiary has assets that are protected from government seizure while retaining eligibility for needed services
Ensure that your family has enough life insurance to provide a comfortable lifestyle no matter what
By ensuring that your assets are passed to your descendants and not given away to outsiders, such as spouses, creditors or the government

Protect Yourself and Your Spouse

From malpractice or other creditor claims
From conservatorship proceedings (aka “living probate”) if you or your partner become incapacitated
From probate delays and stress upon your death or the death of your partner
From hospital policies requiring life sustaining procedures when you would rather not endure them
From healthcare decisions made by people other than those you trust most

Protect Your Children or other Beneficiaries

From predators who can discover inheritance amounts and target young or vulnerable beneficiaries
From claims of divorced spouses to take half of your child or beneficiary’s inheritance
From malpractice claims, for beneficiaries in the professions
From other creditors’ claims (such as car accident plaintiffs)
From the stress and delays of the average 16-month process of probate
From the financial immaturity resulting in a quick loss of an inheritance
From sharing assets with heirs you would rather disinherit
From litigation claims by disinherited heirs
For parents only: from relatives who would be poor, abusive or even dangerous guardians or from foster care
For parents only: from acquaintances and relatives who should not be allowed to be alone with your children
For special needs beneficiary only: from neglect in the government care system

Achieve your Dreams

Have clarity about your life purpose, goals and dreams
Benefit a charitable organization or activity
Support a common family goal through coordinated planning
For parents only: By providing guidelines for how your children should be supported while their assets are in trust.
For special needs beneficiaries only: By providing instructions, people, and assets to support your special needs beneficiaries above a poverty lifestyle
For business owners only: By providing for the orderly continuation and transfer of family business interests rather than a distress sale

Contact Info

SNC Law Office

21021 Devonshire Street, Suite 202

Chatsworth, CA 91311

Phone: (818) 714-1789

Fax: (818) 530-4367

SNCLAWOFFICE@GMAIL.COM

SC@SNCLAWOFFICE.COM

Areas Served

SNC Law Office represents clients throughout the entire San Fernando Valley, including the communities of Santa Clarita, Oxnard, Thousand Oaks, Ventura, La Crescenta, Pasadena, Glendale, Burbank, Santa Monica, Malibu, Encino, West Lake Village, Agoura Hills, Moor Park, Simi Valley, Camarillo, West Hills, Winnetka, Ventura County, Los Angeles County, Orange County, and San Bernardino County.