Estate planning is about so much more than "who gets what" when you pass away. A solid Estate Plan not only protects you, but can also protect your family members. A living trust is one of the tools in the estate planning "toolbox." It helps in many ways, including:
Gives the named successor trustee the legal right to manage and control the assets held in your trust.
Instructs the trustee to manage the trust’s assets for your benefit during your lifetime.
Names the beneficiaries who are to receive your trust’s assets when you die.
Gives guidance and certain powers and authority to the trustee to manage and distribute your trust’s assets.
This helpful guide presented by The State Bar of California provides some excellent basic information about living trusts. To learn more, make sure you visit the other pages on this website. Click on the "Free Info" tab above for videos, blog articles, and much more.
If you wish to discuss whether or not a living trust would benefit you, feel free to call us at (661) 414-7100.
