Trusts are one of the most powerful estate planning tools to help people manage their assets. They can be used to protect assets from the costs of probate, minimize taxes, and preserve family privacy. They can also be used to provide for special needs beneficiaries and minor children. An experienced trust attorney riverside ca can advise you on what type of trust is best suited to your family’s situation and goals.
The legal setup of a trust attorney riverside ca involves three parties: the person who creates the trust (the settlor), trustees who manage the trust’s assets, and the beneficiaries who receive the benefits from the trust. California law recognizes several types of trusts, including revocable living trusts, irrevocable trusts, testamentary trusts, charitable trusts, and special needs trusts.
Trust Attorney Riverside, CA: Protecting Your Assets and Preserving Your Legacy
When it comes to transferring real property after death, trusts are generally preferred over wills because they allow the transfer of ownership without going through a lengthy and costly probate process. However, it is important to know that the beneficiary rights in a will or trust must be fully understood.
The complexities of California law and the unique circumstances of each client are often the reasons why it is important to consult with an experienced estate & trust lawyer. Our free lawyer referral service matches you with trusted lawyers verified for both experience and good standing with the state bar association. Use our search filters to find the right lawyer for your case and location.