LOS ANGELES LIVING TRUST ATTORNEY
What is Living Trust or Family Trust?
A living trust, also known as a family trust, is an important step above and beyond a will for those who have real property and/or those with assets totaling over $100,000 this amount varies from state to state. A trust enables the avoidance of probate for all assets that have been transferred to the trust. This can save your heirs thousands of dollars as probate is a costly, time-consuming process that many estates do not need. A trust also can avoid a conservatorship, which is a court proceeding that is expensive, time-consuming and restrictive. Conservatorships are needed when an individual can no longer manage his or her financial affairs (ie: a debilitating injury or illness, old age, Alzheimer’s, etc.). A conservator is appointed by a court and given the power to manage the conservatee’s financial affairs, and also make decisions concerning the conservatee’s living arrangements. A properly prepared trust can provide a successor trustee who will manage the trust for the benefit of the trustor, sometimes avoiding the need for a conservatorship (and thereby avoiding a lot of hassle and cost).
A trust also provides additional privacy not found in a will. Since probate is public record, anything passed on through probate via a will or otherwise, is open for the world to see. On the other hand, a trust is a contractual agreement and thus it is private and will not become public record. A trust can also help to avoid the serious delays seen in the probate process. Since the trust is a clearly written, private contract, there is no need for court intervention and thus no untimely delays. For married couples with estates subject to the federal estate tax, a living trust can reduce or eliminate federal estate taxes as well.
Determine how a trust can save your family from unnecessary delays and fees by setting up your free consultation with Wajda Law Group today; lawyers helping clients in Los Angeles as well as
throughout Californiawith their estate planning needs.
ARE YOU READY TO SET UP YOUR LIVING TRUST?
Talk to us! We promise we can help you! Call Now! (310) 997-0471
Nicholas M. Wajda came highly recommend by Legal Zoom. After talking to him regarding my situation, I knew I could trust him. He listened and had a caring tone in his voice. My situation is now settled and I couldn't have done it without Nicholas Wajda help. I Highly recommend him. Ps. You can always get him on the phone. Great service.
It took a while to decide to file for bankruptcy. First I had a bad experience with an attorney who was incompetent. Once I found Mr. Wajda I knew I was in good hands. He was very polite and professional from the first time I called him. By the way he answers all his calls himself and returns calls promptly. He made everything go smoothly and in no time I got a discharge of my debts. I recommend him highly. Thank you Nick.
The best!!!! Very smooth transition the best of it was I was able to make monthly payments till I had it paid to start my BK-Chap 7 and then sent reminders to me for a payment what ever I was able to afford that month that helped me out so much that I was able to do the BK now When I would send a email with a question I got a fast response I just got my discharge and I'm very thankful to Michael for his understanding and for letting this entire ordeal be so smooth I highly recommend this firm
ESTATE PLANNING ENSURES THAT YOU AND YOUR FAMILY ARE PROTECTED.
LET'S GET STARTED PREPARING FOR YOUR FUTURE
An essential step in protecting you and your family’s future is to create an all-encompassing estate plan. Here at Wajda Law Group, we have the knowledge and experience to create such protection for you. Although discussing an estate plan is something most people do not want to think about, proper protections are necessary in nearly all situations, and planning early can save you and your loved ones valuable time and money in the future.
ARE YOU READY TO TAKE CONTROL OF YOUR DEBT AND MOVE TOWARD FINANCIAL INDEPENDENCE?
CHAPTER 7 AND 13
Turning to the more common chapters of bankruptcy, Chapters 7 is by far the most common bankruptcy chapter. A Chapters 7, or “fresh start,” bankruptcy is appropriate for individuals in need of help because they cannot afford to pay back their debt.
Chapter 13 bankruptcy is the second most common chapter for individuals. Chapter 13 permits a debtor to repay his or her debts over a period of three to five years. Chapter 13 bankruptcy can also be used to save a vehicle or a home if a debtor has fallen behind on payments. In certain situations, a Chapter 13 bankruptcy can even eliminate the junior mortgages on a property.
Contact us and we will work with you to determine what is right for you.
IT MIGHT BE TIME FOR YOU TO GET HELP.
WHEN SHOULD YOU HIRE A FORECLOSURE ATTORNEY?
When it comes to foreclosure, hiring an attorney early in the process helps ensure that you have more options available to you than what might be available later in the foreclosure process. For example, the lawyer can help you work out a deal with the lender that will allow you to stay in the home, or, if necessary, fight the foreclosure in court. If you wait too long, however, it might be too late to stop the process.
