Any person with a family and potential heirs should make providing for their loved ones a priority. After their passing, resolution of their estate should never be left to courts to decide. A trusts attorney can help to ensure their assets are protected while alive and make certain their wishes to distribute assets are followed after death.
While you may understand how critically important it is to have a trust in place, you may not be entirely clear on which estate planning tool or strategy is the right one for you. Our skilled and knowledgeable legal team is here to help you create the right estate plan that for you and your family.
Why You Should Create a Trust
Investing a lifetime into building assets that are passed on to your children, spouse and/or other loved ones is not something you want to see diminished to a court ruling. If like most people you want to specify how your assets are distributed, creating a trust should occur as soon as possible.
Trusts are very powerful tools that you can use in the estate planning process to protect many things. This includes your family’s privacy in avoiding probate and paying excessively high estate taxes.
With the help of our experienced trust attorney, a trust will accomplish everything you need it to for the sake of the people you love.
Here are three reasons to consider creating a trust:
Loved Ones Avoid Probate
Probate court proceedings can drag on long after a person passes. Our trust attorney can help you create a trust so your loved ones do not have to administer your estate in probate court after your passing. Instead of enduring expensive and time-consuming proceedings of probate court, the people you designate to receive your assets can freely do so.
Trusts Reduce Estate Taxes
Knowing that your wealth is transferred to loved ones and not the government gives you peace of mind when making financial decisions. Numerous estate, income and transfer taxes could diminish the amount that your loved ones receive, which puts your estate in jeopardy.
Trusts can help to shelter the assets that you have accumulated over the years. We will advise you on the best approach and offer tips on what you can do during your lifetime to save on tax payments.
Ensures Control of How Your Assets are Distributed
Trusts are legal documents that provide you a level of control over how your assets are distributed. These documents detail who gets what and describe whether certain conditions or timetables are applicable. For instance, you might want to leave $1 million to a grandchild, but only after he or she turns 18 or finishes college. Your attorney helps you devise a prudent way for this to occur by creating the trust document correctly.
Keep in mind that there is no shortcut to creating a trust.
Additionally, you want to work with a California law firm that is well-established and familiar with state and federal laws. Your time is well-spent sitting down with our trusts attorney who will carefully and properly draft a document that spells out your wishes by ensuring every decision is protected by the law.
Consider Services from an Experienced Trusts Attorney
Depending on the amount of your assets and estate, some trusts can be complex. Others can be easy and straightforward. Either way, you want a legal document that accurately represents your wishes and desires. Contact our office today for an initial consultation.