Benefits of a Living Trust
Saves time and money for your heirs.
Maintains Privacy:
Unlike wills, trusts are not public records.
Protects in Case of Incapacity:
Ensures a trusted individual manages your assets if you become unable to do so.
Reduces Family Disputes:
Clearly defines your wishes and asset distribution.
Minimizes Taxes:
Helps reduce the tax burden on your estate.
Our Process
Initial
Consultation
We assess your needs and estate planning goals.
Customized
Design
We create a trust tailored to your specific situation.
Document
Preparation
We draft all necessary legal documents.
Signing and
Notarization
Prioritizing client satisfaction with personalized, attentive service.
Trust
Funding
We assist in transferring your assets into the trust.
Frequently Asked Questions (FAQ)
1. What is the difference between a Living Trust and a Will?
A Living Trust allows your assets to be transferred directly to your beneficiaries without going through probate, maintaining privacy and saving time and money. A Will, on the other hand, must go through probate, which can be a lengthy and costly process.
2. Do I still need a Will if I have a Living Trust?
Yes. A “Pour-Over Will” is recommended to cover any assets that may not have been transferred into the trust before your passing.
3. How much does it cost to create a Living Trust?
The cost varies based on complexity and professional fees. However, it is generally more cost-effective than the probate process associated with a Will.
4. Can I change my Living Trust after it is created?
Yes, a Revocable Living Trust can be modified or revoked at any time as long as you are mentally competent.
5. Who should be my trustee?
You can serve as your own trustee while you are alive. You should also name a successor trustee who will manage your trust upon your passing or incapacity.
6. How do I fund my Living Trust?
Funding your trust involves transferring ownership of your assets (such as real estate, bank accounts, and investments) into the trust’s name. Our team will assist you with this process.
7. Will my beneficiaries have immediate access to my assets after I pass away?
Yes. Since a Living Trust avoids probate, your beneficiaries can receive their inheritance quickly, according to your specified terms.
8. What happens if I become incapacitated?
Your successor trustee will take over management of your trust without the need for court intervention, ensuring a smooth transition.
Honest Reviews from our Customers
Jane Anderson
Homeowner, San Diego
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