An increasingly popular option in estate planning for people in the Yucaipa, CA, area is to create some type of a trust that includes assets of the estate. This trust, also called a living trust, can be a benefit in estate planning for the individual while he or she is alive, and also help to eliminate the need for probate of the estate upon death.
While a probate attorney can provide information and legal support for trusts, a trust administration lawyer typically has additional expertise and experience in the management of the trust and the associated property. It is essential for the trust to be correctly administered to prevent potential issues for the executor of the estate if an heir brings a lawsuit against the estate.
Hiring A Trust Administration Lawyer
There are different types of trusts that can be in place. When choosing a trust administration lawyer it is important to ask about her or his experience in working with the specific type of trust, particularly if there are complex issues, a large monetary value for the trust, or if there are conflicts within the heirs about the trust.
It is also essential to understand how to handle both the real property in the trust as well as how to convey the title of the property. This may include having to file specific documentation to exempt the new owner from property taxes that would otherwise be required in Yucaipa, CA. The lawyers at Betty Auton-Beck Professional Law Corporation have extensive expertise in these complex areas.
The trust administration lawyer also assists the trustee to manage all debts of the trusts, which includes taxes on the estate. This can be a very complicated process, and the lawyer ensures that the correct taxes are filed and that all accounting of the value of the trust is completed to the necessary standards to avoid any complications or errors. Let the trust administration lawyer at Betty Auton-Beck Professional Law Corporation assist you in managing the estate. To learn more about our services, see us at visit us website. You can also visit them on Facebook.