Protect The Results of Your Hard Work: Your Will May Not Be Enough to Protect Your Assets!
While your will is an important document to direct the distribution of many of your assets, and even provide direction as to the care of any orphaned children, a will does not offer the asset protection that can be achieved through proper estate planning. Leaving only a will, with no other means for asset transfer, also increases the time your estate will spend in probate, causing unnecessary costs and headaches for your surviving loved ones.
A Living Trust Can Help
You don’t have to grow up with a trust fund to need a good living trust. A trust is a practical and flexible legal tool designed to reduce the costs and time of probate for anyone, not just the super-rich. It can also be used to minimize estate taxes that might otherwise become due. We may recommend that you consider trusts for one or more purposes:
A trust can enhance your family’s wealth, while allowing for complete control of all assets. Family members often serve as trustees, either alone or with professional independent co-trustees. Call today for a telephone consultation to discuss if a trust is right for you 310-788-9089.
Other Tools to Protect Your Assets
Even with a living trust, your valuable assets may not be protected from creditors, especially if you are in a profession, such as medicine or rental real estate, where you may become personally liable for large cash settlements.
Family Limited Partnerships, Limited Liability Corporations, and Off-Shore Accounts can all be used to protect your wealth. Call us for a telephone consultation to discuss these options 310-788-9089.
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Call us at 1 -310-788-9089 or fill out the form below to arrange for a confidential initial consultation.