Tag Archives: Los Angeles

What Happens to My Assets After I Pass Away?

Whomever you named as successor trustee will take over the administration portion of our trust and distribute your assets in the manner you specified.

Please see the following previous posts for additional information regarding trustees:


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Will I Lose Control of My Assets That Are In The Trust?

NO! You will not lose control of your assets that are in the trust.

You will be the trustee of your trust during your lifetime.  You are able to buy, sell and borrow just as you were when your assets were held in your name as an individual.  Here is more information regarding setting up a trust.

If you still have questions, please contact our Trust Attorney in Los Angeles today to schedule a consultation.

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What Does a Will Do?

Wills can be of various degrees of complexity and can be utilized to achieve a wide variety of family and tax objectives:

  • If a will provides for the outright distribution of assets, it is often characterized as a simple will.
  • If a will establishes one or more trusts, it is often characterized as a testamentary trust will.

Alternatively, the will may leave probate assets to a preexisting living trust, where it is characterized as a pour-over will. Aside from providing for the intended disposition of your property, there are a number of other important objectives that may be accomplished, such as:

  • Designating a guardian for minor children
  • Eliminating the requirement for bond
  • Designating future custodians for minors

For specific questions about drafting a will, please contact our will attorney in Los Angeles today at (818) 501-5800.

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What is an Advance Health Care Directive?

Formerly called a “Living Will” or “Durable Power of Attorney for Health Care”, an Advance Health Care Directive allows us to deal with the situation where decisions regarding our healthcare need to be made and we are unable to communicate at that time.

The Advance Health Care Directive names an “Agent” (any person(s) of your choosing) to manage your medical and health care affairs in the event you are unable to express your preferences.  The medical professionals will make this determination.

This document, like the Durable Power of Attorney is fully revocable and amendable.

For additional advice and information about an Advance Health Care Directive, please contact our estate panning attorney in Los Angeles today.

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Estate Planning: What You Should Know

What is an Estate Plan?

An estate plan is a complete set of instructions that convey your wishes upon your incapacity and/or death.

Why Should I Create My Own Estate Plan?

Without a personalized estate plan the State will decide who gets what and when.  The State’s idea of what your heirs should receive may not be the same as your own.  With an estate plan, you can avoid the time and cost of having the State decide your affairs.  It is essential that you take an active part in preparing your estate plan.

When Should I Start to Prepare My Estate Plan?

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