Alan L Rosen's attorney's mission is to assist both our community and clients. If you require an estate plan, we are a living trust law firm dedicated to helping you comprehend the intricacies of California law. Ultimately, our aim is to provide you with assistance. Navigating the legal landscape can be complex, and despite over 150 years of California legislation, the process hasn't become any simpler. Gone are the days when a trip to the local courthouse could swiftly resolve your matter with the town judge. However, you are not alone in this journey, and managing your legal affairs shouldn't be excessively challenging. Alan L Rosen's law firm objective is to lead you, alleviate the weight from your shoulders, and streamline the process. Alan L Rosen attorney delivers the quality representation to his clients deserve, whether from a living trust law firm or probate law. From wrongful death to estate planning, Alan L Rosen attorney devoted to supporting you.

A living trust differs from a will in that it eliminates the probate period, allowing your heirs to receive assets more promptly after your death. Additionally, you have the flexibility to impose restrictions on the timing and manner of asset distribution. It is advisable to refrain from leaving the future division of your assets to the state. Take proactive steps now to ensure that everything is appropriately arranged for the benefit of your loved ones and the preservation of your legacy.

Below a list of items Attorney Alan L. Rosen typically included in an estate plan:
1. Will or Trust
2. Durable power of attorney
3. Beneficiary designations
4. Letter of intent
5. Healthcare power of attorney
6. Guardianship designations

While a last will and testament is a crucial component of all estate plans, it’s not the only tool to have in your arsenal. Trusts also offer numerous benefits depending on your unique situation. With over 48 years of providing reliable legal assistance, Attorney Alan L. Rosen, Esq can help you make the best decisions when it comes to your assets. Attorney Rosen, Esq can assist you in establishing a trust, which provides numerous benefits for estate planners.

The first step to implementing a trust is deciding which type is best for your needs:
• Revocable – With a revocable trust, you retain control over assets replaced in the trust until your death. That means you can make changes to the trust as you see fit.
• Irrevocable – Irrevocable trusts cannot be changed during your lifetime. However, they offer tax benefits that can reduce the expenses your heirs might owe upon your death.
• Charitable – Charitable trusts allow you to distribute assets directly to a charity of your choosing upon your death. Like irrevocable trusts, charitable trusts also help your estate avoid expensive taxation.
• Special Needs – In the event you care for a person with special needs, this trust ensures they will still have access to financial support after you’re gone. This is especially important when a person receives disability benefits, which are usually dependent on income and assets.
• Spendthrift – Spendthrift trusts provide more control over the way assets are provided to heirs. For instance, they can prevent a person from spending all their inheritance in one fell swoop.
There are also living trusts, which spell out your wishes when it comes to medical care. These trusts are essential in the event you can no longer make important medical decisions on your own.

When To Add A Trust To Your Estate Plan

It’s true that not everyone needs a trust, but they’re extremely helpful in certain situations. For example, they’re a must for people with lots of assets and expansive estates. They also benefit people with blended families, as they allow greater control over how assets are distributed. Finally, a trust can help you bypass the probate process. Bypassing probate helps you save money and time, as assets can pass directly to heirs.

Living trusts are an often misunderstood, but many times essential, estate planning document. They help you avoid probate, allow for greater control over inheritances, and can even save your family a lot of stress after you’re gone. Should you make a living trust a part of your estate plan? Walk-In Wills can help you decide. No two estate planning situations are the same, so we’ll sit down with you to create the best strategy for assets and property. The first step is to understand how living trusts work.

Transfer Of Ownership

Will creation doesn’t change the ownership of your assets and property. Instead, it provides instructions for how these items should be distributed to heirs after you die. With a living trust, you no longer own your assets. Upon creation they become property of the trust itself, which entails retitling assets to show trust ownership. While you’re alive you’ll be the trustee, which is the person responsible for managing the trust. You’ll also name successor trustees, and these people assume responsibility upon your passing. The transfer of ownership offers a distinct benefit when it comes to probate.

How Living Trusts Help You Avoid Probate

Probate determines whether a will is valid, makes sure remaining debts are paid, and finally provides assets to heirs once all other matters are taken care of. The process is often drawn out, especially when a family member contests the will. Additionally, legal fees and other costs are taken directly from the estate, which reduces the amount heirs are afforded when everything is said and done. Assets placed in a trust are not probated because they are no longer owned by the deceased. Upon a person’s passing, the trustee is obligated to disperse assets according to the instructions of the grantor, or the person who created the trust. This makes for a much shorter process and also prevents the estate from being drained by legal fees.

Living trusts are also beneficial in other ways:
• Delays inheritances until an heir is old enough
• Establishes terms for inheritances, such as mandating an heir maintain a certain grade point average in college
• Ensures children from a previous marriage receive their inheritances
• Keeps your decisions regarding your estate out of public view
• Makes sure your will be estate properly managed should you become incapacitated