Beverly Hills Living Trusts

Written by Johnny Kitchens
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Beverly Hills living trusts are financial devices used in many estate planning processes to protect assets from probate and further carry out your wishes. Trusts can move to the control of your beneficiaries before, upon, or even well after your death. Usually, assets titled to the trusts can completely avoid the probate process and the associated costs.

Living trusts are by no means the only estate planning devices needed to protect one's estate. Neither are they, necessarily, the best option for every situation. That is why talking to an attorney is key in this situation. Proper Beverly Hills estate planning usually entails the preparation of many legal documents, including wills, living wills, powers of attorney for health and financial matters (should you become incapacitated), insurance policies, and trusts.

The major benefit of Beverly Hills living trusts is their ability to shelter your estate from the courts. When a person dies intestate (without a will), or with only a will, the probate courts divide your estate according to the law and/or the execution of your will. Assets titled to the trusts avoid probate and move directly to your beneficiaries.

Preparing Beverly Hills Living Trusts

Preparing Beverly Hills living trusts, or any Los Angeles living trusts for that matter, calls for a qualified attorney. Making mistakes in the estate planning process can be very costly and negate any benefits that might have otherwise been gained. After evaluating your estate and considering your beneficiaries, your most important choice is your choice of attorneys.

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