Wills
Trusts
Health Care Directives
Upon your death your property ("estate") may be distributed in a number of ways. Your jointly owned accounts and real property will go to the other persons who hold title with you. Your life insurance policies will go to the beneficiaries you have designated as will your retirement accounts. If there is no designated beneficiary and/or no joint owner of your property, your estate may become part of a probate proceeding and distributed by the District Court.
You can ensure that those people or organizations that are important to you will receive your assets in accordance with your wishes in a quick, private and cost-effective manner. A Living Trust may be your best option but you may also elect to use a Will. The trust avoids probate while the will is "admitted to probate."
There is no set of instructions and forms that is appropriate for every person as every person's situation is unique to some degree. I invite you to schedule a consultation with Law Office of Brian J Shin. We have experience with a broad range of trusts but we do not believe that complex planning strategies are more effective than keeping things simple. I will ascertain your situation and advise you of your various options and the costs involved and you can determine which approach, if any, is best for you.
Call our office today at (213) 634-3400. You may also personally visit our office located at 3130 Wilshire Blvd., Suite 408, Los Angeles, CA 90010. If you are under very busy schedule, we can also come to you. For those that prefer other methods of communication, we can get the whole process started and completed without you ever coming to our office, via email, Skype, text and telephone.
Wills and trusts are essential estate planning documents. Wills allow the creator to name a beneficiary for their minor children, elect an executor for their estate, and determine which of their assets and property will go to certain people after the creator passes away. Depending on the type of trust, a trust may safeguard a person's assets while he or she is alive, as well as after he or she passes away, and may help avoid the probate process.