Trusts
Trusts
Trusts
A trust is created for the purposes of holding your assets during your lifetime and to distribute your estate to beneficiaries according to your wishes. A trust is a mechanism to avoid probate. With a trust the administration of your trust is private as opposed to a probate. It also will save your family time and money.
Have a Trust that needs to be reviewed? Do you want to create an Estate plan? Please contact us to schedule an in person no cost consultation!
What is a Trust?
A trust is created for the purposes of holding your assets during your lifetime and to distribute your estate to beneficiaries according to your wishes. A trust is a mechanism to avoid probate.
A trust can be used to determine how a person’s assets are to be managed while that person is alive and how they will be distributed after death. A trust with careful Estate planning may help avoid Federal estate taxes at your death. A trust provides the terms of an inheritance for beneficiaries. We are here to help you determine the type of Trust which best suits your needs.
Trusts are Important because...
if you own real estate in California, you need a Trust. If at your death you own real estate in your individual name, most likely, your estate will have to go through the probate process. With a Trust plan, you will have created a Trust and funded it with Trust assets, such as real estate, this allows your Trust Estate to be distributed without going through the Probate court process.
At your initial consultation we will go over your inventory of assets, advise you as to the type of Trust which best meets your needs and also advise you on how to fund your Trust with your assets. After the initial consultation, you can expect continued personal service every step of the way while creating your Estate plan. We charge a flat fee for our work and do not charge extra for phone calls during the process. Please contact us to make an appointment.
