A revocable trust is suppose to involve a deliberate complete process whereby someone of sound mind sets forth their true wishes for their property upon death. It is also suppose to address any tax questions that may arise, minimize or avoid the costs and significant time of probate and ensure that your needs and wishes can be taken care of both while you are alive and when your estate needs to be administered. Unfortunately too often a trust in not properly drafted or is not funded (property titled in the trust name) correctly. This often causes additional time and money to the beneficiaries. If you hire an experienced attorney such as the Law Office of Christopher P. Walker, P.C., the trust will be drafted to ensure your concerns are met.
Our firm is skilled at handling:
- Real Estate Transfers
- Buyout agreements
- Settlement Agreements
- Transfer of assets
- Drafting of Trust agreements
- Drafting Powers of Attorney and Health Care Directives
A trust is a mechanism whereby a person transfers property to a trustee to hold, manage and distribute such property for the benefit of one or more beneficiaries. Usually the person who forms the trust is the trustee and manages everything during their lifetimes. This person can also modify or cancel the living trust at any time.
A well crafted estate plan should provide for your loved ones in an effective and efficient manner by avoiding taxes, probate, and unnecessary delays. You should contact or call 714-639-1990 for a qualified estate planning attorney to review your families estate plan today and give you peace of mind tomorrow.