Law Offices of Anthony S. Hamassian

Estate Planning

 

The Law Offices of Anthony S. Hamassian provides legal services in the area of estate planning, which consists of: Wills, Trusts, Healthcare Directive, and Power of Attorney.

Wills

A will is a legal document that lets you designate your assets to specific beneficiaries. Should you become deceased without a will, the State will designate your assets through Intestate Succession (default), regardless of your wishes or those of your heirs.

Trust

Trusts can either be revocable or irrevocable. Similar to a will, a trust is a fiduciary arrangement that allows a third party, or a trustee, to hold assets on behalf of a beneficiary. Trusts can specifically outline how and when the assets should be passed onto the beneficiary. A benefit of a trust is that it avoids probate, which allows the beneficiary access to the assets more quickly in comparison to assets being transferred using a will.

Revocable Trust (Living Trust)

A revocable trust, also known as a living trust, can help assets pass outside of probate while still allowing you (the grantor/settlor) to retain control of the assets during your lifetime. It is flexible and can be amended or dissolved at any time as your circumstances change.

Irrevocable Trust

An irrevocable trust typically works to transfer your assets out of your estate and potentially out of the reach of taxes and probate; however, unlike the revocable trust, the irrevocable trust cannot be amended by the grantor once it has been executed.

Healthcare Directive

A healthcare directive is a statement of the kind of life-sustaining medical treatment you wish to receive, or not receive, in the event that you become incapacitated and cannot make such decisions for yourself. Because these documents can be open for interpretation, you have the right to name an agent by way of healthcare proxy, or by assigning a healthcare power of attorney, in order to carry out your wishes in the event that you become incapacitated.

Power of Attorney

There are two essential types of powers of attorney that are significant to estate planning:

  1. The “Springing Power of Attorney” only goes into effect under circumstances specified by you, the most common circumstance being in the event that you become incapacitated.
  2. The Durable Power of Attorney is effective immediately and your agent is not required to prove that you are incapacitated in order to act on your behalf.

The Law Offices of Anthony S. Hamassian provides all services relating to wills, trusts, healthcare directives, and power of attorney. Whether a client needs a documents drafted, amended, or reviewed, the Law Offices of Anthony S. Hamassian will advise and guide its clients in the right direction to ensure their true intentions and wishes are carried out.

16530 Ventura Blvd., Suite 555
Encino, CA 91436

(818) 465-5360 tel
(818) 465-5361 fax
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