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SpinDistribute.com Article Directory

The following article was published in our article directory on October 21, 2011.
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MAKING SURE OF YOUR LEGACY PREPARING FOR YOUR FUTURE

Article Category: Legal

Author Name: Mortensen Law

Not anyone knows exactly what the future holds. If there is one area in your life that is certain, it is that your property and assets will be exposed to legalities and unforeseen expenses at a time when you can no longer do anything about it. It is also a certainty that things are within your control now. There are no complicated mathematical algorithms needed here for you to see that you can actually do something today to protect your property and assets from the brunt of California probate proceedings and estate taxes. Consult a credible and reliable trust and probate attorney now to find out how you can set up a California living trust now while you are still strong and able.

A living trust is an instrument that is used to manage the distribution and transfer the assets and property at the time of his death or incapacity. During the time of the trust, a person can retain control of his property while he is still alive even when a beneficiary already holds legal title to the property. The living trust can effectively insulate a person's assets from California probate proceedings, reduce estate taxes on the property for distribution, and ensure that these properties can be accessed by your intended beneficiaries.

If you are living in Santa Clarita , California, you should inform yourself on the California trust and probate laws so you are guided accordingly. There are legally mandated probate expenses that are contained in the state's jurisprudence. A trust and probate lawyer can take you through the options available to you as well as the implications of not having a living trust. Whatever happens to your estate will depend on its size as well as your financial accounting at the time of your passing.

You have labored so hard to prepare for your financial well being and that of your family. Unfortunately, what you have prepared for might not get to your intended recipients at the time of your passing. It is not rare for hard-earned estates do not get transferred to heirs in full because of the expenses involved in the probate process and because of estate taxes. Setting up a living trust with the help of a qualified attorney specializing in living trust and probate proceedings can protect your family's stake in the future you have prepared for them.

Under US laws, a living trust does not prevent assets from estate taxes www.mortensenlaw.com/taxation.html. But having a living trust puts in order all transfer documentation and expenses. This allows a person to prepare for the transfer of his properties and assets while he still can and prevents taxes and probate expenses from eroding the total amount of assets intended for transfer to his heirs. In Newhall , California, it is important to have a living trust as assets over one hundred thousand dollars will have to go through the probate proceedings if they are only in the owner's name.

A trust and probate lawyer can help you set up your living trust whether in Newhall , California or elsewhere. Funding your living trust makes sure that the expenses and documentary requirements needed to transfer your assets to your beneficiary are already provided for. This effectively makes sure that your family gets what you have worked hard for .

Keywords: California, Probate Laws, Trust Laws, Estate Planning, Newhall, Santa Clarita

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