Contact an Experienced Living Trust Attorney in Corona CA Today
If you are in need of a living trust attorney in Corona CA then you are in need of Law Offices of Terrence Fantauzzi. With many years of experience, a focus on finances, and the responsiveness you deserve in an attorney, we are the right firm to call. Keep reading to learn more and then reach out at (909) 552-1238.
Understanding the Importance of Setting Up a Trust
Just why is a trust so important? Because it sets up the transfer of property while you are alive or after your death. Trusts are an essential part of your estate plan and there are many benefits to you and your heirs. A knowledgeable living trust attorney in Corona CA could explain more about the purpose of trusts and work to create documents that fit your individual needs. Do not hesitate to reach out to Law Offices of Terrence Fantauzzi to learn more.
Get the Basic Options for Creating a Trust
California Probate Code allows for several ways to form a trust. It might be done through a transfer of property while the covered party is alive to another person who will act as a trustee. A trust can be set up to come into effect when the owner dies. Or a declaration by the property owner that they hold the property as a trustee.
A trust will transfer an owner’s property to a trustee, who will be accountable for that asset until a defined date, regardless of how it is created. The trustee will transfer the property to the listed beneficiaries once that date arrives. This is the most fundamental concept of trust. When you engage with a living trust attorney in Corona CA, we will go over the legal requirements as well as other details.
The Probate Process is Not a Necessity – Learn How a Living Trust Can Help
The probate process does not apply to trusts or the property they contain. This means that, even when a trust only has legal force following the death of the trust maker, the trust’s beneficiaries do not have to wait for probate to access their assets.
Learn How a Living Trust Attorney in Corona CA Can Offer Financial Advantages
Taxes apply when a property is transferred through probate. When a person inherits through a trust, on the other hand, they do not have to pay taxes when they acquire the property. The property in the trust is not subject to taxes for the individual who owns it. It’s a win-win situation for all parties involved.
Now is the Time to Reach Out to a Living Trust Attorney in Corona CA
Trusts are estate planning options that offer you a greater level of flexibility than traditional wills. Property that moves through a trust does not need to endure the probate process, nor is it subject to taxation.
Creating a trust requires the naming of property, the nomination of a trustee, and the identification of at least one beneficiary. Beyond this, a trust can serve almost any purpose that you can imagine. A living trust attorney in Corona CA can help you get this set up. Contact Law Offices of Terrence Fantauzzi at (909) 552-1238 to get started.