Revocable Living Trust
A Living Trust is a planning technique that offers benefits
to virtually all Californians. It is particularly appropriate
for individuals who are older or who have substantial assets.
If you own a home in California, a living trust makes sense
for you.
In a very real sense, a Living Trust is a new being. It will
hold your property while you are living, and it will continue
in existence after your death.
A Revocable Living Trust presents numerous benefits through
the avoidance of probate and allows for management of your
property during life. Costs of trust administration and delay
in the administration of your estate will be dramatically
reduced as the court can be completely bypassed. Additionally,
a trust provides privacy to you and your family by avoiding
disclosure to the public of your assets and their distribution.
Moreover, a trust provides you the opportunity to minimize
estate taxes.
Wills
A will provides for the distribution of your assets. While
less costly then a trust, it is subject to the expense and
delay of probate. It will be up to the court to carry out
your wishes as stated in your will.
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