TRUST AND ESTATE PLANNING

Estate planning allows an individual to plan for his or her lifetime objectives and to provide direction about the disposition of his or her assets after death, one of the most important decisions an individual will come to make. Estate planning can include wills and trusts as well as powers of attorney and healthcare directives. Estate planning is impacted by state and federal law, and any individual may find that more elaborate or creative legal means are necessary for his or her situation. Some of these more complex techniques include trusts, family limited partnerships (FLPs), and limited liability companies (LLCs). An estate planning lawyer can be an essential ally in assuring that your estate planning goals are understood and carried out. If you have estate planning-related legal questions, call our firm today to schedule a consultation with an estate planning lawyer.

An important goal of estate planning is to protect income and assets from creditors’ claims and tax collection. While many people think asset protection involves shady or dishonest techniques, there are many ways to protect financial reserves, personal property, real estate, and other assets for retirement or for future generations. In addition to federal and state laws that exempt certain types of property from creditors’ claims, taxation, or both, there are numerous estate planning tools that may be able to shield assets from future creditors and reduce or eliminate estate or income taxation. If you are interested in working with an estate planning attorney to create a plan to protect your assets, contact our firm today to schedule a consultation.

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ABOUT US

The Law Offices of Peter J. Babos is a local law firm located in the heart of Los Angeles' central business district. Its primary goal is to provide all clients with the most personal one-on-one attention while focusing on a practical approach to accomplishing the legal needs of each unique client in each and every case.