LOS ANGELES PROBATE
Protect Your Parents | Defending Your Inheritance | Sirkin Law Group 818.340.4479
Glendale Ca, Los Angeles Ca, Woodland Hills Ca, Pasadena Ca
To financially protect your parents in Los Angeles County, our attorneys use a number of successful protective strategies in law. There are three main avenues for asset protection for parents, and preservation of their children's inheritance, starting with least protective to most protective:
1.LEVEL ONE PROTECTION(LEAST BURDENSOME AND LEAST EXPENSIVE):
Why is it least restrictive? A Power of Attorney does not prevent the parent from exercising the same rights and the powers given to the child (agent).
2. LEVEL TWO PROTECTION (MORE PROTECTIVE / MEDIUM EXPENSE):
This strategy requires that parents and children, or a neutral trustee to cooperate in financial care for the parents, There are two types of irrevocable trusts which are used for this particular purpose. One is trust which protects the parent's assets from Medi-Cal. The other type of trust is none which protects the parent's assets from hands of creditors. Each have different requirements and should be evaluated separately by a specialist attorney. Inheritances can be saved and protected when the trust is irrevocable and there are safeguards in how the assets are used during the life of the parent.
3. LEVEL THREE PROTECTION (MOST PROTECTIVE BUT MOST COSTLY)
Steps in Preparing to Protect the Estate:
WHY HIRE US?
Mina Sirkin is a nationally recognized trust and probate attorney and has served as a media expert to CNN, MSNBC, Inside Edition, NPR and KTLA regarding probate and estate matters. Ms. Sirkin is Certified as a Specialist lawyer by the Board of Legal Specialization of the State Bar of California, in Probate, Estate Planning and Trust Law. Mina Sirkin is rated 10/10 on Avvo.
Sirkin Law Group's elder law lawyers are located in Los Angeles, Woodland Hills, Glendale and Pasadena. Probate Attorney Los Angeles Call: 818.340.4479. Lawyers for Asset protection for elderly and aging parents.
Probate Attorney Los Angeles
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Probate Attorney Los Angeles, Probate Litigation, Trust Litigation, Conservatorship Litigation, Estate Litigation, Estate Planning Los Angeles
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