Living Trust Attorney in Pomona CA

Find Out How You Can Get Help from a Living Trust Attorney in Pomona CA

When you need a living trust attorney in Pomona CA, you need an attorney who has the experience to provide you the best possible service. You need an attorney who is responsive, who specializes in financial law, and who will give your case the priority it deserves. You need Law Offices of Terrence Fantauzzi at (909) 552-1238.

Learn the Advantages of Having a Trust Set Up

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. When you engage with an experienced living trust attorney in Pomona CA, we’ll go over the purpose of trusts and make sure we’re preparing the right agreements for you.

Learn the Basics of 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.

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. This is the most fundamental concept of trust. When you engage with a living trust attorney in Pomona 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

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.

Ask a Living Trust Attorney in Pomona CA How a Living Trust Can Help Avoid Taxes

When a property is transferred via probate, it is subject to taxes. On the other hand, when a person inherits through a trust, they do not pay taxes when they receive the property. For the person who owns the trust, the property that is in it is not subject to taxes. It’s a win-win for everyone involved.

Request a Consultation with a Living Trust Attorney in Pomona 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.

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 Pomona CA can help you get this set up. Contact Law Offices of Terrence Fantauzzi at (909) 552-1238 to get started.

Call Us Today