Why Create a California Trust

5:53 pm Uncategorized

Lawyers prepare California trusts for a variety of reasons.  A Los Angeles trust attorney can work with you to determine what type of estate planning is correct for you.

 

One benefit of a trust, over will based planning, is that there is privacy.  When a Will is probated, it is made a public record.  Living trusts are private unless someone files a lawsuit.

 

California trusts can be designed to protect the inheritance of children from creditors, predators, divorce, and themselves.  Thus, we can protect a child from his/her own bad decisions!

 

When there are younger children or beneficiaries, trusts can protect their inheritance until they obtain an appropriate age.  This is especially true if the child is under age 18, but frequently parents do not want their children to receive their entire inheritance until they are age 30 or above.

 

Irrevocable Trusts can also be created for charitable purposes; tax planning; and asset protection.

 

If you think you may benefit from a California trust, and you are in Southern California, please contact our office.

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