Revocable Living Trust Lawyer
It is possible to establish a trust by transferring assets to be held for your or another’s benefit during your lifetime.
When dissolution rights are retained in a trust, it is referred to as a “revocable living trust” (“living trust”). This kind of trust can be created with a legal document that specifies to which decedent an owner wants to leave assets in addition to who will manage those assets should they be unable to do so.
Contact Louis Pacella living trust lawyer today to learn all about your options.
Avoid Probate in California · Minimize Estate Taxes
A living trust allows for control of your assets while ensuring assets are managed according to your specifications upon death or incapacity. This allows for flexibility and control in addition to privacy preservation, something for which probate does not allow. A revocable living trust is often used as a will substitute, usually to avoid or minimize costs involved in probate and estate administration because assets placed in a living trust are not subject to the probate or estate administration process. In addition, revocable living trusts have more flexibility than irrevocable living trusts, which make them more desirable for individuals seeking flexibility during changes in life circumstances.
Louis Pacella Living Trust Lawyer is able to take use expertise to identify assets and the proper trustee that an individual wants in charge after his or her death or incapacity. Depending on the individual’s desires, assets can be left to family members, friends, charities and pets. There are actually no real limits as to who can be left assets.
Contact A Revocable Living Trusts Attorney
To go over any aspect of revocable trusts in a free initial consultation,
call 818-876-9637 or e-mail us.