Most peo­ple in Cal­i­for­nia chose to have a trust to con­trol how their assets will be dis­trib­ut­ed upon their death. The btn_next
rea­son for this is sim­ple: Trusts are some of the most pow­er­ful tools in the estate planner’s tool­box. There are a num­ber of dif­fer­ent trusts avail­able, each of which can help you achieve an impor­tant plan­ning goal. One of the most com­mon­ly used trusts is the Revo­ca­ble Liv­ing Trust. When prop­er­ly designed and imple­ment­ed, it can provide all of the fol­low­ing ben­e­fits:

  • Avoid­ing pro­bate. Not only is the pro­bate process time-con­sum­ing and need­less­ly expen­sive, it also expos­es your assets and estate to pub­lic scruti­ny
  • As its name implies, a Revo­ca­ble Liv­ing Trust is “revo­ca­ble.” It can be changed over time, to com­pen­sate for changes in your finan­cial and fam­i­ly sit­u­a­tion
  • Basic Wills often cause dis­agree­ments among fam­i­ly mem­bers and oth­er ben­e­fi­cia­ries. A Revo­ca­ble Liv­ing Trust can help elim­i­nate chal­lenges to your Will and ensure your ben­e­fi­cia­ries actu­al­ly receive what you want them to receive
  • A Revo­ca­ble Liv­ing Trust can allow for sep­a­ra­tion of assets. This is use­ful for mar­ried cou­ples
  • A Revo­ca­ble Liv­ing Trust allows for on-going finan­cial man­age­ment. As your wealth accu­mu­lates, so too will the assets in your Revo­ca­ble Liv­ing Trust

At Crid­er Law, we can design a Revo­ca­ble Liv­ing Trust capa­ble of meet­ing your goals and antic­i­pat­ing poten­tial prob­lems down the road. We can also design and imple­ment a wide range of spe­cial­ized trusts, includ­ing:

  • Irrev­o­ca­ble Trusts
  • Dynasty Trusts
  • Life Insur­ance Trusts
  • Grantor Trusts
  • Grantor Retained Annu­ity Trusts (GRATs)
  • Retire­ment Trusts
  • Minors’ Trusts

Con­tact our Yolo Coun­ty Trust Lawyers today to dis­cuss your par­tic­u­lar needs, con­cerns, and hopes for the future.