Why Do I Need An Estate Planning Attorney?
A secure estate plan for your future is important. Most of our clients want to ensure a comfortable retirement while protecting hard-earned assets for their beneficiaries. Located in Torrance, our experienced estate planning attorneys can help arrange your financial and personal affairs to ensure the best results.
An estate plan is a comprehensive legal strategy made of several complex parts. These legal documents not only involve your estate, but ensure that your medical preferences are fulfilled when you are unable to dictate them. An estate plan is made up of a number of articles, including:
- Trusts (the type of trust depends on your unique situation)
- Revocable living trusts, pet trusts, special needs trusts
- Durable powers of attorney for financial affairs
- Advanced health care directives
- Conservator and guardian nominations
- Instructions regarding transferring assets
Do I Need a Trust?
A living trust in the only option available to avoid probate and maintain your lifetime credit. Probate can be expensive and slow, usually taking nine months to two years to process. A living trust is a legal document that contains instructions about what you want to happen to your assets when you die. It is advisable to choose an attorney who has limited his practice to Estate Planning so he has the expertise required and are current on existing tax laws.
I Have A Will
Contrary to what you may have heard, a will may not be the best plan for you and your family. A will does NOT avoid probate when you die. A will must be verified by the probate court before it can be enforced. Also, a will only goes into effect after you die and does not provide any protection if you become physically or mentally incapacitated. In that event, the court may take control of your assets before you die.
A Revocable Living Trust is a simple and proven alternative to a will that allows you to avoid probate and maintain control of your assets if you become incapacitated and after your death.
Contact Matthew C. Yu Estate Planning Attorneys
The lawyers at The Law Office of Matthew C. Yu has years of experience in estate planning and trusts for California residents. We are knowledgeable about the legal processes that you must complete to ensure desired financial and personal well-being. Call our office in Torrance, California, at 310-891-0016. Fill out our online contact form to arrange an initial consultation.
Matthew Yu is efficient and professional, yet friendly and accessible. He handled my trust and other business. Matthew patiently explained to me all the legal jargon and options, and made the process easy for me. If you need help with estate planning, trust and probate, I highly recommend the Law Office of Matthew C. Yu.– DLS, Torrance, CA