An estate planning attorney is there to help you plan for what will happen to your estate after you pass away. Estate planning is for everyone, not just for the very wealthy or retired. Because you never know what will happen tomorrow, you should prepare now to make sure that everything you own goes to the people you want it to. For such purposes, it is advisable to turn to an attorney that specializes in wills, trusts, and estates. In the event that you pass away without leaving a will or a trust, your assets will be distributed according to the probate law in your state. The results may be counter to what you actually wanted, and can also be very troublesome for your family.
Estate Attorneys in Los Angeles can help you prepare your will or trusts. Initially, your estate attorney will help you identify the beneficiaries to whom you want to leave gifts to, and what gifts you want to leave them. Having a will has its own pros and cons, as do trusts, but a will is often less expensive. However, a will must go through the state probate process. A trust, also known as a living trust, while a bit more expensive, avoids probate and interference with the court altogether. Your estate attorneys will be there to guide you through the whole process so that you will not need to worry. Even if you are thinking that this is not the right time to have a trust or a will, you should nevertheless consider it, because you never know what could happen tomorrow. In addition, wills and most trusts are extremely flexible and can be changed by you at any time, giving you much peace of mind.