Trusts Lawyer Los Altos CA
A Trust is one way to pass estate assets to beneficiaries without having to go through probate. It is important that you outline how you want your assets to be held to protect your property or a dependent. Part of this process is to designate a trustee who will be subject to your wishes and legal duties under the Trust as specified by law. There are many kinds of trusts geared to the support of different purposes.
There are several things to keep in mind when considering your trust options.
- Not all Trusts are made equal. There are various types of trusts available, deciding which one is right in your situation can be complicated. What type of Trust is right for you will depend on your estate planning objectives.
- Trusts have certain tax protections and assets may not have to go through probate. Assets titled to a trust are taken out of a person’s personal property and thus are no longer part of a probate estate. There are also trust options available to help minimize estate taxes and to help heirs avoid the gift tax.
It is important your trust is created properly for your specific situation and goals. Contact The Peninsula Law Group today for the help you need.