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Trust Attorney

 Orange County, CA
(949) 290-7156

Benefits of a Living Trusts

Trusts are powerful tools that serve the purpose of

• avoiding the probate process

• leaving assets to your beneficiaries, and

• minimizing tax liability. 

Using a trust to avoiding probate is a strategy that allows one to avoid 1. the expense associated with probate such as court costs, appraiser fees, attorney fees, and executor fees, 2. the undue delay caused by court required paper work and statutorily required waiting periods, and 3. the public nature of probate proceedings.

How a Revocable Living Trust Works

A revocable living trust is a legal instrument created by the “grantor” that can be amended or revoked during the grantor’s lifetime.  The grantor transfers assets to trust to be managed by the “trustee” for the ‘beneficiary” who receives the income and principal of the trust.  During the grantor’s lifetime, the grantor typically acts as the initial trustee.  When the grantor becomes incapacitated or upon death, a “successor trustee” manages the trust assets.  During the grantor’s lifetime, the grantor is the beneficiary.  Upon death of the grantor, the assets will either be managed for the benefit of other beneficiaries or distributed to the beneficiaries.  Types of trust utilized in estate planning include:

• Living Trusts

• Bypass Trusts

• Children’s Trusts

Living Trust Attorneys

Our experience and expertise enables us to determine whether a clients would benefit from a living trust and identify the appropriate type of trust given their individualized situations.  Our Orange County estate planning firm drafts and incorporates living trust into overall estate plans to assists our clients in directing the distribution of their property with minimum tax liability and delay.

As an estate planning firm based in Orange County, Ca, we provide comprehensive estate planning services including wills, trusts, power of attorney, and advance care directives for a full range of clients from high net worth to working class.