Contact an Experienced Living Trust Attorney in Chino CA Today
You need a living trust attorney in Chino CA who has the experience to give you with the best service possible. You require a responsive attorney who specializes in financial law and will give your case the attention it deserves. You’ll need to contact Law Offices of Terrence Fantauzzi at (909) 552-1238.
Why Do I Need to Set Up a Trust?
Trusts can be used to ensure that your property is properly transferred while you are living or after you die. These documents can be a valuable asset in your estate plan because they provide numerous benefits to both you and your beneficiaries. When you work with an experienced living trust attorney in Chino CA, we will go over the purpose of trusts and ensure we are creating the documents that best meet your needs.
Get the Basic Options for Creating a Trust
A trust can be created in a variety of ways, according to the California Probate Code. A trust can be established through a transfer of property to another person as a trustee during one’s lifetime, a transfer of property to another person as a trustee after one’s death, or a declaration by the owner of a property that the owner has the property as a trustee.
No matter how it is formed, a trust will transfer an owner’s property to a trustee, who is responsible for that asset until a specified date. Once that date arrives, the trustee will distribute the property to the named beneficiaries. Beyond these fundamental notions, trusts can take many different shapes and serve a variety of purposes. More information regarding the legal criteria for setting a trust could be obtained from an expert living trust attorney in Chino CA.
The Probate Process is Not a Necessity – Learn How a Living Trust Can Help
One of the most significant benefits of a trust is that the property it holds is not subject to probate. What exactly does this mean? It means that the trust’s beneficiaries won’t have to wait for probate to acquire legal ownership of the assets they’ve inherited.
Learn How a Living Trust Attorney in Chino CA Can Offer Financial Advantages
Another common use for trusts is to gain financial advantages. Property that sits in a trust is no longer an asset of the trust maker. This can help those people to avoid paying unnecessary taxes. Similarly, beneficiaries of trusts do not need to pay taxes when they receive the property, as opposed to the gift taxes that can apply to straight transfers.
Are You Ready to Talk to a Living Trust Attorney in Chino CA?
A trust is one example of an estate planning tool that gives you flexibility, especially compared to a standard will. Property that goes through a trust doesn’t have to go through probate and generally is not taxable.
To set up a trust, all you need is the property’s name, a trustee you’re willing to name, and one beneficiary to receive the property. Apart from these requirements, a trust can be used for almost any purpose. For assistance from a living trust attorney in Chino CA, Contact Law Offices of Terrence Fantauzzi at (909) 552-1238.