Why trusts are not just for people who have a lot of money

Estate & Tax Attorney, Sonja Panajotovic, shares advice for parents how it is necessary to create a Will document in order to assign legal guardians for children
Why Trusts Are For Everyone - Not Just Those With A Lot Of Money
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Why trusts are not just for people who have a lot of money

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Trusts are not just for rich people. I know that's a common misconception. However, I would say that trusts are more important for those who don't have significant assets because you want to preserve those assets and transfer as much as you can to your children or beneficiaries. By having them subjected to the probate process, almost 10 percent of the value of your estate is diminished right off the top with court fees and lawyer's fees and executor's fees. A living trust would avoid all those fees and needless costs.

Estate & Tax Attorney, Sonja Panajotovic, shares advice for parents how it is necessary to create a Will document in order to assign legal guardians for children

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Sonja Panajotovic

Estate & Tax Attorney

In 1992, Ms. Panajotovic graduated from University of Colorado, Boulder with a bachelor's degree in Business Administration/Finance and with multiple honors as a scholar/athlete (tennis) and honored as Academic All Big Eight, and Scholar Athlete of the year. She earned her law degree from the Southwestern University School of Law and graduated Cum Laude, was an Associate Editor for the Law Review, and on the Dean’s List, and began her legal career as a law clerk for Magistrate Judge Margaret A. Nagle, United States District Court, Los Angeles, and as an associate at the prestigious law firm of Brobeck Phleger & Harrison LLP.

Sonja Panajotovic’s estate planning services include the preparation of documents ranging from simple wills to advanced health care directives, asset transfers and living trusts. She also counsels many of her clients on the various types of trusts such as the marital deduction trust, special needs trusts, Q-TIP trusts, and charitable remainder trusts and helps her clients coordinate their trusts with their overall estate planning needs.

 Her probate and estate practice is also designed to provide full legal services to personal representatives of decedent's estates, trustees, and guardians/conservators for minors or incapacitated adults, including all proceedings in the probate court. She aids her clients with estate and trust administration to efficiently transfer assets from decedent's trusts or estates to intended beneficiaries at death.

Guardianship, Wills and Trusts
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