Sacramento Living Trust Attorneys
You have worked a lifetime accumulating assets and property, it is critical to preserve and protect those assets. Estate planning and asset protection can give you peace of mind in the event of a debilitating illness, or attack from creditors. Our Sacramento Living Trust Attorneys can ensure a smooth transfer of your estate to the special loved ones in your life, in accordance with your exact specifications.
What is a Living Trust?
A “living trust” (also called an “inter vivos” trust) is simply a trust you create while you’re alive and of sound mind. If you are declared incompetent or if you are severely injured in an accident you will be unable to make or enter into a living trust. A trust is an arrangement under which one person, called a trustee, holds legal title to property for another person, called a beneficiary. You can be the trustee of your own living trust, keeping full control over all property held in trust. Different kinds of living trusts can help you avoid probate, reduce estate taxes, and/or set up long-term property management.
Why Should I Consider a Living Trust?
- Avoiding Probate During Life
- Avoiding Probate Upon Death
- Avoid Probate for Multiple Generations
- Holding Assets for Beneficiaries Indefinitely
- Avoiding Ongoing Probate
- Avoiding Estate Tax (if married)
- Eliminating Probate Tax
- Reducing Legal and Administrative Fees
- Providing Oversight by Family, not Court
- Privacy
Why Most Clients Need a Living Trust
Estate planning involves more than just writing a Last Will and Testament. In most cases, it is most advantageous to establish a “Living Trust” or “Revocable Trust” for the purpose of holding assets and property. Such a trust serves a number of important purposes including the avoidance of probate, and a measure of asset protection. In some cases requiring additional asset protection, an “Irrevocable Trust” is recommended.
Our Sacramento Living Trust Attorneys can help you with the following types of trusts;
- Special needs Trusts
- Irrevocable Trusts
- Revocable Trusts
- QDOT Trusts
- QTIP Trusts
- Spendthrift Trusts
Estate Planning Decisions to Consider
There are many issues to consider in creating an estate plan. Some things to consider include the following:
- What is the approximate value of my assets?
- Who do I want to eventually receive, or benefit from, those assets?
- Who should manage my assets during my lifetime if I am unable to do so?
- Who should take care of my children if I become unable to care for them?
- Who should make financial decisions on my behalf if I am unable to do so?
- Who should make medical decisions on my behalf if I am unable to do so?
Experienced Sacramento Living Trust Attorneys
We are experienced Sacramento Living Trust Attorneys. We have helped hundreds of individuals and families plan for the inevitable through estate planning techniques including the preparation of revocable and irrevocable living trusts, spendthrift trusts, special needs trusts, wills, powers of attorney for medical and business, living wills, medical directives, and guardianship provisions for minor children.
We are also experienced Sacramento probate and Sacramento trust administration attorneys and understand the difficulties of settling estates once your loved one has passed. Our estate planning attorneys are experienced and caring and will walk you through how to make and express some of the difficult decisions you need to make. You will have a great sense of relief and satisfaction once your estate planning documents have been finalized. Our Sacramento Living Trust attorneys can guide you with great legal advice and the strategy needed to get you the results you want. Contact us today to schedule your complimentary attorney consultation by clicking HERE or by calling 916-757-6000. We look forward to helping you with all of your Sacramento Living Trust needs.
