Call 661-414-7100 or Text 661-249-9990
Santa Clarita Wills and Living Trusts Attorney (661) 414-7100
  • HOME
  • ABOUT
    • CLIENT REVIEWS
  • GET STARTED
  • RESOURCES
    • BLOG
    • VIDEOS
    • WEBINAR
    • AUDIO
    • PAYMENT
  • CONTACT
    • ZOOM VIDEO
  • HOME
  • ABOUT
    • CLIENT REVIEWS
  • GET STARTED
  • RESOURCES
    • BLOG
    • VIDEOS
    • WEBINAR
    • AUDIO
    • PAYMENT
  • CONTACT
    • ZOOM VIDEO

Law Office of Robert Mansour

Blog
​

What kind of living trust do you have?

9/17/2016

 
This is a topic that has surfaced before, but it's happening more often these days because estate tax laws have changed dramatically.  So here is the issue: Married couples call and tell me they "already have a living trust."  Then I ask, "What kind of trust do you have?" They say, "What do you mean?  Kind of trust? It's a LIVING trust!"  

​Couples are often surprised to learn there are several kinds of living trusts.  They are all indeed "living trusts," but there are different "kinds" of living trusts.  Like jelly beans, there are different "flavors" of living trusts.

I explain to clients that it's like walking onto a Toyota dealership lot.   You don't just say, "Hey Mr. Dealer, give me a Toyota!"  He's going to inquire what kind of Toyota you'd like, what suits your family, your specific concerns/needs, etc.  Perhaps a simple Corolla would be good, maybe a Camry, or perhaps a Prius or a Sienna?  

The problem is that many clients have no idea what kind of living trust they have.  In many cases, in reviewing it, we find it's not the kind of trust they want. Why do they have a trust they don't want? Either the attorney who prepared the original trust simply gave them whatever "Toyota" he had on the lot (whatever standard living trust he/she used) or the attorney didn't ask the right questions of the clients so he/she can better recommend one type of living trust over another.  In short, I have found that over 90% of the time, most couples who already have a living trust have no idea what kind of trust it is or what in the world the trust actually says.

If you're not sure what kind of living trust you have, or what the specific provisions of your trust actually say, or if it's simply been a very long time since you had your estate plan (including your trust) reviewed, call us today and make an appointment for an estate plan review.  We want our clients to not only "have" an estate plan, but more importantly, to actually understand it!  Wouldn't that be nice?

Comments are closed.

    RSS Feed

Home Page | About | Getting Started | Audio Downloads | Testimonials 
 Blog | Video Library | Disclaimer | Blog RSS | Contact Us

Google Business | Facebook | Twitter | Linked In | YouTube Channel | BrandYourself | Cornell Listing


Santa Clarita Wills and Living Trusts Lawyer, Serving Valencia, Saugus, Castaic, Canyon Country, Newhall, Stevenson Ranch and surrounding communities.

* The information on this website does not create an attorney/client relationship.  It is not legal advice and is presented for general informational purposes only.  Always consult with a professional when handling legal matters.  Your privacy is important to us.  Any information you submit is not shared with others.

Robert also handles Personal Injury Law - Click here to visit our separate personal injury website.

​Law Office of Robert M. Mansour | 28212 Kelly Johnson Pkwy #110, Santa Clarita, CA 91355 | www.MansourLaw.com | (661) 414-7100 
Law Office of Robert Mansour accepts credit cards, paypal, and venmo
We accept Venmo
For Venmo Payments: @mansourlaw