Talk to a Fremont Estate Planning Lawyer
Similar to a will, a trust gives you the power to decide how your assets are handled. The main difference between a will and trust is that the latter is enacted while you're still living. Living trusts can be classified as either revocable or irrevocable. Deciding which trust is right for you can be difficult, but Anthoor Law Group, APC can help. With a properly drafted trust, you can retain control of your assets and the handling of your estate if incapacity or death were to occur.
With a living trust, you can benefit from the following:
- Avoid excessive estate taxes
- Protect your assets
- Transfer assets outside of probate
While a valid will provides directions on how your assets are handled, your estate may still be probated in the event of your death. When you create a living trust, on the other hand, any possessions held in the trust are not subjected to estate administration by the probate court after the grantor (the creator of the trust), dies. You can also gain substantial tax advantages, and protect details of any possessions in your trust from the public filing process required in probate.
Probates vs. Living Trusts
With a living trust, you can ensure privacy and control of your estate by avoiding probate.
A probate is not desirable because of the following reasons:
- Cost - Under probate, you may be subjected to estate taxes, lawyer fees, and court costs
- Time - The process may take anywhere from six months to as long as two years to close
- Time - When your estate undergoes probate, the information and value of your assets become public record
Choose to create your living trust with our experienced attorneys at Anthoor Law Group, APC. We can help you outline an effect living trust so you can adequately protect your estate.
Trust in Anthoor Law Group, APC
Anthoor Law Group, APC cares about you. We're dedicated to making your life easier through our cost-effective and solution-oriented legal services. As experienced Fremont estate planning attorneys, we understand how challenging it can be to outline exactly how you want your assets to be divided. Be certain your assets are handled the way you want when you call on our experienced legal team.
Contact us to begin drafting your living trust.