What is the Power of Attorney?

Power of Attorney is a document that gives you the reign to appoint a person or organization of your choice to manage your property, financial affairs, and even medical affairs when you suddenly become unable to do so. Power of attorney is mostly used when the principal (the owner of the asset) suddenly becomes ill or incapacitated or in special scenarios when the principal is not available to...

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Types of a Living Trust.

There are two types of Living trust Revocable  Trust Irrevocable Trust What is a revocable trust? A revocable living trust makes it possible for the trust created to be altered or canceled at any time the grantor deems fit. With a revocable trust, any income earned during the life of the trust is distributed to the grantor. This means that it is only upon the demise of the grantor can the...

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What you should know about a Living Trust

With a Living trust, you should know that once this is signed, your trustee takes the helm of affairs immediately if you become incapacitated or indisposed. What this means is that you get the choice to handpick your successor trustee who would manage all your assets without your court's intervention. At Trust Legal center, we have experienced a Living trust attorney in Orange County, CA, that...

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