Orange County Revocable Living Trust Lawyer

Revocable Living Trust Attorney in Orange County

Not all estate planning tools are focused on what happens after death. A revocable living trust is a common estate planning tool for individuals who want greater control over how their assets are managed during life and transferred after death. This estate planning tool outlines how the trust will be managed in the event of incapacity and distributed upon death. An Orange County revocable living trust lawyer can draft a living trust tailored to your goals.

Trusted Estate Planning Attorneys Serving Orange County

The estate planning attorneys at Quinn & Dworakowski, LLP, stand ready to guide you through the process of establishing a living trust. We take the time to learn about our clients’ needs before explaining their options and preparing the necessary legal documents.

What sets our law firm apart is our dedication to serving our clients. Our years of dedicated service have earned our law firm awards and recognitions from Super Lawyers and Best Lawyers in America. We bring over 100 years of combined legal experience to the cases we manage.

Understanding Revocable Living Trusts

A revocable living trust is a legal document that lets you place assets into a trust during your lifetime. Orange County has more than 116,000 millionaire households, and this type of estate planning tool can allow the estate owner to change, update, or cancel the trust at any time. While you are alive, you act as your own trustee, managing the trust as an appointed trustee would.

The main purpose of a revocable living trust is to avoid probate and provide continuity in your estate should you become incapacitated. After death, assets held in the trust can be managed by a successor without court involvement. The trust can also guide the process of transferring assets to beneficiaries. A living trust does not replace a will, but it can work alongside one as part of a broader estate plan.

Do I Need a Revocable Living Trust?

Whether you live in communities like Woodbridge, Orchard Hills, Mission Viejo, or elsewhere in Orange County, there are many reasons to have a living trust in place. A living trust can:

• Help your loved ones avoid probate for assets properly titled in the trust
• Allow for uninterrupted management of assets if you become incapacitated
• Keep estate matters private, unlike probate proceedings
• Provide clear instructions for how and when assets are distributed
• Simplify administration for loved ones after death
• Allow for flexibility, since the trust can be amended or revoked during your lifetime
• Work alongside a will to address assets not transferred into the trust

In a county with an average home value of $1,147,210, this can significantly reduce the burden your loved ones might face in probate court. By working with an experienced estate planning attorney, you can set up the trust to reflect your long-term goals and wishes.

Why You Should Hire a Revocable Living Trust Lawyer

When you hire a revocable living trust lawyer, you ensure you are not among the two-thirds of Americans who lack a proper estate plan. An Orange County revocable living trust attorney understands revocable living trust laws and how the planning tools must be drafted and executed to be enforceable.

They can meet with you to learn about your goals. Then they can manage your revocable living trust. Should you need to update the estate planning tool later, they can help by revising the trust terms to reflect your evolving goals. Having the same attorney manage all of your estate planning matters can provide you with peace of mind, knowing that your legal documents reflect your goals and are enforceable in court if needed.

FAQs

Q: How Much Does a Lawyer Typically Charge to Create a Revocable Living Trust?

A: An estate planning lawyer charges based on the time and resources they put into creating a revocable living trust. Factors that can determine the final cost of legal services include the complexity of the estate planning and whether you need other planning tools drafted. Lawyers may charge by the hour or set a flat fee.

Q: What Factors Affect the Cost of a Living Trust in Orange County?

A: The cost of a living trust in Orange County can vary based on the complexity of your estate. Factors may include the number and type of assets involved, whether you own real estate or business interests, family dynamics, and the need for additional planning documents. Customization, ongoing revisions, and trust funding can also affect overall cost.

Q: What Other Estate Planning Tools Might I Need?

A: In addition to a living trust, you may also need important estate planning tools like a will, power of attorney, or an advance health care directive. These documents can address asset distribution and other important matters that may not be covered by the trust. The right comprehensive estate plan can provide medical directives in the event you become incapacitated and other benefits.

Q: What Are Common Reasons a Living Trust Would Be Updated?

A: Common reasons that a living trust would be updated include major life events, such as marriage, divorce, the birth of a child, changes in assets, or the purchase or sale of real estate. When your estate significantly changes, or your goals no longer align with your revocable trust, an estate planning attorney can revise or cancel the estate planning tool and draft a new one according to your goals and wishes.

Work With a Knowledgeable and Trusted Estate Planning Law Firm

The right estate plan can spare your family from having to spend significant time at the Costa Mesa Justice Complex, located at 3390 Harbor Boulevard in Costa Mesa. When you work with the estate planning team at Quinn & Dworakowski, LLP, you gain the support of an award-winning legal team that brings over 100 years of combined experience.

Once we meet, one of our attorneys can carefully listen to your goals and advise you on your options. If a living trust can help you achieve those goals, we can handle the complexities of gathering financial documents and drafting the trust. Should you need to update or cancel the trust at any time, we’ll be there to help you through the process. Don’t delay in putting crucial estate planning tools in place. Contact our office today to start the process.

Client Testimonials

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Thank you Quinn and Dworakowski.”
— Aria P.

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“High praise for Quinn 5 stars+++
We have been working with Quinn for the past year and he is outstanding! All of our questions have been answered all of our Issues have been Resolved in our favor! I was referred to Quinn by an acquaintance and I am grateful to her forever! He is understanding, kind, wise, a great communicator, and most importantly got my family everything we asked for and more! We are thrilled with the results working with him and his firm. I strongly recommend hiring Quinn and his firm to represent you if you want success, expert counsel and someone you can trust.”
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