Placing resources in trust for family members is probably the single best
way to transfer or convey property, while minimizing taxes and preserving
resources. In addition, since trusts are typically administered by a trustee,
the settler of the trust does not have to worry about the day-to-day functioning
of the trust.
A trust is a legal arrangement that allows for the holding of property by
a trustee for the benefit of another person (the beneficiary) or for yourself
(the settler).
Maintaining assets in a trust is
an effective way to minimize taxes and preserve a larger
inheritance. With the help of a Southern California trust
attorney, the use of a trust can also be a way to provide
a steady stream of income to the beneficiary over the course
of time, rather than a lump sum distribution. This strategy
can reduce the beneficiary's tax liability and allow the
trust to grow over time, assuming the assets are invested
properly. Charitable trusts have also become a popular option
recently.
Our California trust attorney offices
work with clients to establish and administer all types of
trusts, including:
Establishing a trust through a California
trust lawyer as part of your comprehensive estate plan provides
the peace of mind that comes from knowing your assets are
protected. With a proper trust, no matter what happens to
you, your designated trustee has a fiduciary duty to carry
out your wishes in compliance with the trust instructions.
After learning your objectives, our California trust lawyers
can advise you on the most appropriate trust for you.
