Living trust is different as compared with a will, a will can be enforced only after the death of the person and that too after clearing the probate process whereas a living trust Attorney is applicable even when you are still alive and such an attorney helps you in creating a trust while you are still alive. It takes cares of your assets in case you are physically or mentally not capable of handling your own assets and also continues after your death, which includes no probation.
Having a probation process can be expensive as you have to pay the legal fees, court fees, etc and it will take time before they distributes the assets to the beneficiaries. And in the process your family had no control over it, only court can decide what to do which will hinder the privacy of the family too while a living trust can control all the assets owned by you instead of being controlled by the court.
It’s not tough to transfer the assets to your living trust fund, your attorney will help you in performing all the legalities and afterwards you don’t have to worry about them at all. Beverly Hills estate planning is a place where you can find out all the professionals related to law for example attorneys, CPAs, trust officers, wealth managers, insurance agents and valuation professionals. You just need to go there and according to your needs you can find the best person to perform the work.
- The Real Story of a “Living Trust” (lvlawyer.wordpress.com)
- Why is Beneficiary Deed Necessary for Proper Estate Planning? (scotthyderlaw.com)