Why Create a California Trust
February 15, 2008 5:53 pm UncategorizedLawyers prepare
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.
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
