Living Trusts California

A Living Trust is similar to a will, however it offers unique advantages. A will is subject to probate that will impose significant costs on the estate and those who are to inherit from you. A Living Trust is not subject to probate. Because it is not subject to probate, it keeps your assets confidential, maintains the privacy of the transfer of your assets, and you manage to avoid the high costs associated with probate. Having a Living Trust will allow you to prevent the court from controlling your assets at death or incapacity. Your privacy is protected because the Living Trust does not appear on public record, and the name of the Living Trust can be chosen by you in order to preserve your privacy. You can elect for your living trust to be revocable or irrevocable. More …

 

Last Will and Testament

A will is a legal document that explains in detail what you want to happen after you die. Although not as important as previously with the evolution and wide-spread use of trusts, wills are still a vital part of an estate plan. This includes your final wishes regarding your remains, as well as how you want your money, assets, and property to be distributed. If you have minor children, you appoint guardians in your will. In addition you name an executor who will be in charge of your personal obligations such as the filing of your final tax return. In addition, if some asset is left out of the trust inadvertently, a pour-over will can ensure that property is poured into your trust on your death and distributed pursuant to the terms of your trust. As such, wills are still important to a complete an estate plan. More …

 

Corporate Law & Partnership

ncorporating a business in California offers a number of advantages that aid in the protection of both assets and privacy.
A California Corporation will protect the individual from personal liability. A single individual can hold all offices including: Director, Shareholder, President, Secretary, and Treasurer. Incorporating in California can allow you to take advantage of tax deductible benefits such as health, accident, disability insurance, life insurance, and medical reimbursement plans.   More …

 

Limited Liability Company

Limited Liability Companies are a preferred asset protection vehicle of many business owners as well as real estate owners. The LLC is a non-corporate business entity that is taxed as a partnership rather than a corporation. As a result of being taxed as a partnership, an LLC is not subject to corporate income tax. Income is only taxed as personal income when you receive income or assets from the LLC.   More …

 

Durable Power of Attorney

Definition

Durable Powers of Attorney are legal documents authorizing a qualified person of your choosing to make health and financial decisions for you, or take action on your behalf, in the event that you become incapacitated or declared incompetent.  More …

 

Bankruptcy Attorney

At Titanium Asset Protection in Orange County our Bankruptcy Attorney wants to help you understand bankruptcy and answer your most frequently asked questions. More …