Wills and Trust Attorney
Wills, Trusts, & Living Trust Lawyer Los Angeles
Don’t let yourself feel overwhelmed by your case. Wills, trusts, and living trust attorneys in Los Angeles at MNB Law Group, Inc. can work toward a positive resolution of your legal problem.
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Los Angeles Wills and Trusts Attorneys Helping You Preserve Your Assets For Yourself And Your Future Generations
A will is a written document that expresses a person’s preferences regarding his financial assets in the event of his demise. But wills do not cover all types of assets, as they do not apply to retirement plans, life insurance policies, or other assets with named beneficiaries.
A Will may be sufficient for your needs and estate, but consultation with legal counsel to find out is recommended. MNB’s wills and trusts attorneys in Los Angeles have the knowledge and experience to advise you if a Will alone is sufficient to secure your property and final wishes, or if your estate and your intended beneficiaries would be better protected using a Trust.
At MNB, our wills and trust attorneys in Los Angeles, California are detail-oriented and client-focused and treat your assets and family as we treat our own giving the necessary time and attention to ensure they are appropriately protected during your lifetime and after your death.
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Wills And Estate Planning Attorney Los Angeles
We Have The Know-How To Win!
If you are going to take the time to set out your wishes and desires and try to plan for the future of you, your family, and your intended beneficiaries, do not settle for “form” Trust and Estate mills or online internet DIY trusts.
With their experience in the family law, business law, and estate planning arenas, the wills and trusts lawyer in Los Angeles at MNB understand the importance of providing, and have the knowledge and experience to provide, the careful and proper planning you need to ensure your safety, comfort, and stability, and to alleviate your family of the pressures and uncertainty of what to do in the event of your death or incapacity.
CREATIVE SOLUTIONS THAT MEET YOUR UNIQUE NEEDS
Let’s talk about what we can do to help you get results.
Wills Vs. Trusts: What’s Best for You?
Trusts are private documents and the person or persons creating them is referred to as a “settlor.” A Trust avoids the probate process and is intended to successfully keep the settlor in control of his or her assets and the distribution of the same upon death. Trusts can be used to help qualify for Medi-CAL, protect property from creditors, or to protect and assure the care and well-being of non-human family loved ones using a Pet Trust.
After your death, only those beneficiaries named in the Trust are told about the assets and distribution. A trust is a separate legal entity from the settlor. Once established and had property transferred or sold to it, the trust states who controls the assets in the Trust and who is the beneficiary of the Trust’s assets during the settlor’s lifetime and thereafter.
What is a Revocable Living Trust?
Revocable Living Trusts are most common in California. Upon the settlor’s death, a revocable living trust avoids the need for probate proceedings in court, saving the estate the fees, costs, and time delays typically occurring with intestate succession (and sometimes even when one has a Will, but no Trust). The revocable living trust provides an economical way of distributing assets upon death, can reduce estate taxes (which can be especially beneficial for a surviving spouse of a married couple), and provides a means for appreciable assets to be transferred with a “stepped-up” valuation to avoid possible capital gains taxes. The Trust sets forth who will act as Trustee and the successor Trustees and can be revoked (canceled) or changed at any time while the settlor has sufficient mental capacity.
Different types of asset protection trusts
There are other asset protection options such as Irrevocable Trusts, Credit Shelter Trusts, Irrevocable Life Insurance Trusts, and Qualified Personal Residence Trusts, which can also have tax advantages for both the beneficiaries and the donor. The use of these asset protection options in your Estate Plan is dependent on the size of your estate and the types of property it holds.
MNB’s Los Angeles wills and trusts lawyers have relationships with some of the top asset protection companies and plan creators and works closely with them to ensure your asset protection plan and Estate Plan complement each other and work together to protect as much of your accumulated wealth as possible, protection your interests and those of your family and intended beneficiaries for years to come.
Categories In Which We Serve
Offering Representation
Across A Wide Range Of Areas
Family Law Attorney
We offer clients both compassionate support and individualized counsel for a variety of family law concerns.
Divorce Attorney
Divorce is a complex process, and our goal is to secure terms that allow you to have a secure future.
Child Custody Lawyer
We help our clients address their child custody concerns and set realistic expectations for their post-divorce future.
Land Title Trust Lawyers
We can help you protect your privacy and keep your assets confidential by establishing Land Title Trusts for your benefit.
Mediation Attorney
Do you want representation in mediation? MNB can provide you with professional, experienced, and affordable assistance.
Estate Planning Attorney
MNB’s Estate Planning attorneys can help you create an Estate Plan that gives you peace of mind.
Business Law Attorney
We bring business insight, coupled with creative ideas and problem solving skills to our combined 35+ years of legal experience.
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Contact The Best Wills and Trust Attorney In LA Today!
If you are over the age of 18, have any assets that do not have named beneficiaries already, and do not have legal documents regarding your desires and directions upon your incapacity or death, it is advised you seek experienced legal counsel to have an Estate Plan created. MNB’s wills and trust lawyers in Los Angeles, CA have the requisite knowledge and skill to make this as easy as possible. Our will and trust attorneys in Los Angeles are ready to help you understand your options and take the steps needed to ensure the successful implementation of your wishes. So call us today at (818) 344-9200 or fill out our online form and have your case evaluated by our team of experts.
Frequently Asked Questions
Yes, you can change or revoke your will. But different states have different rules regarding how and when you can change your will.
Definitely yes. It is your property you can distribute however you wish to. Your will would distribute your assets according to your plan upon your death.
Probate refers to the process where court validates your will. During this process all the stakeholders can challenge the will before it is accepted by the court.
Absolutely yes. It is essential to get your will approved by the court to make sure the will is legally accepted and fair.
It is not easy to challenge a will, it has to be done during the probate process but with the right resources, it is manageable.
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