Hire a Living Trust Attorney in Orange County to Avoid All Inheritance Problems
Legal conflicts of any kind are traumatic. Disputes on estate and trust get complicated and are often very painful. It adversely affects the families involved. A litigation can arise when there is a contest on the will; disagreements on its validity and execution, the decedent’s capacity to make his/her will and distribution to heirs. Litigation also occurs when there are trust disputes. An Orange County trust attorney can help you solve these issues.
Litigation for Breach of Trustee Responsibilities
If there is a trust formed, a group or an individual should take responsibility of administering the trust. The beneficiaries should be given their portion of the trust profits. The trustee has the duty to be loyal and be concerned about the interest of the beneficiaries. A trustee has no right to make profits from the trust management. A violation of these responsibilities can result in a trust litigation; you can hire an Orange County trust attorney for the same. Moreover, the trustee has no right to deal with matters of the trust on his own accord. For example, if the trustee carries out a transaction and diverts funds, it is an unlawful action and the beneficiaries can initiate a litigation. Furthermore, if the trust is under a company ownership and the trustee is an officer or director of the firm, there can be a clash of interest. A trust attorney of Thousand Oaks can handle your case.
Benefits of a Living Trust
A living trust in California is a legitimate document that keeps all or part of your properties and wealth under the management of a trust while you are alive. You can however, use your assets; after your demise, the trust assets are passed on to the beneficiaries. A living trust is formulated so that your assets will be protected if you are unable to handle financial matters on your own. Moreover, there is no need for your assets to go through a probate court for your heirs to use it. A trust can be used as a power of attorney. It can also resolve most of the common asset-related family disputes.Consult aliving trust attorney in Orange County on all matters concerning this. He/she can advise you by adding clauses on tax savings.In fact, without an attorney a trust document will contain several flaws and will be poorly drafted. Furthermore, a trust can be used as a power of attorney.
Significance of Probate Attorneys
A probate law is applied in the process of property distribution after an individual’s demise. The probate process may appear simple but, there are a lot of complications that normally arise after a person’s death. If you live in California, you can avail of the services of an Orange County probate attorney to carry out the procedure. The will of a testator isprobated in the County or State of his demise. If there is no will and no beneficiaries are named, a probate court will decide on the inheritors. Irrespective of how difficult or easy your case is, only a good attorney can protect your case and make a huge difference. The expert can lead you through the inheritance issues in a professional, sensitive and affordable manner. On the other hand, if your assets are in a trust, a living trust attorney in Orange County should be hired.
