If you want to control the distribution of your assets without going through probate, then setting up a Trust, instead of a Will, is your best option. It is important to keep in mind that with a Trust, you have to transfer your properties under the name of the Trust.
If you have minor children, establishing a Trust can give you peace of mind. You can be assured that even after you die, your children will have assets and resources to be used for their needs and education.
Though a trust can be contested in court, it can prevent the need for probate and discourage opportunistic relatives from meddling and making false claims on your assets. Your intended beneficiaries can receive their share of the estate without going through a lengthy and costly court proceeding.
To establish a valid Trust, consult the team at Anthoor Law Group. Our experienced Bay Area Trust attorney can walk you through the process.
In estate planning, it is best to cover all your bases. Aside from creating a Trust, you can also call us if you need help with the following:
Wills and Trusts are the most useful tools in estate planning. Both serve a similar purpose: to direct the distribution and transfer of properties to your heirs and chosen beneficiaries. However, the creation and execution of these documents are not the same. A Last Will is easier to prepare and can be written down without an attorney. A Trust, however, is more complicated to set up.
Establishing the Trust itself is a straightforward process. However, since you have to transfer your properties under the Trust’s name, this would entail more work. And if you acquire new properties, you have to make sure that the deed should be named under the Trust. You would need a Bay Area Trust attorney to ensure all your assets are accounted for, inventoried, and transferred in the name of your Trust.
Trusts can be revocable or irrevocable. Revocable Trusts can be changed or updated within your lifetime. You may add new properties under it or name a new beneficiary if you wish. An Irrevocable Trust, however, is difficult to change. While it is possible to amend an Irrevocable Trust, it requires the approval of the judge.
Experienced attorneys at Anthoor Law Group usually advise clients to establish a Revocable Trust for the purpose of estate planning. Our Trust attorneys understand the importance of a flexible document and will help carry out amendments to ensure the details are up to date.
Call (510) 794-2887 or fill out the short form below. We will usually respond within 1 business day but often do so the same day. Don’t hesitate, your questions are welcome.
We respect your privacy. The information you provide will be used to answer your questions or to schedule an appointment if requested.
In the Bay Area, you need a legal team that you can trust to represent your interests and protect your rights. The attorneys at Anthoor Law Group give you the following benefits:
The main advantage of a Trust is that, unlike a Last Will, it does not need to go through probate to be enforced. Essentially, it is a smoother way to transfer properties to your heirs and beneficiaries. There is no need to deal with court procedures and fees or wait for months to get approval.
Another advantage is that it is easier to add new assets to a Trust. Once a Revocable Trust is established, any newly acquired property can be directly named under the Trust. With a Will, you have to make constant amendments or create a new one altogether to include new properties.
A Will is still important, even if you have already established a Trust. Trusts are generally concerned with the distribution of your assets. It cannot include burial and funeral instructions or appoint a guardian for minor children. These, however, can be specified under a Will.
At Anthoor Law Group, our Bay Area Trust attorney advises clients to prepare both documents. The goal is to help you prepare a more comprehensive estate planning strategy and give you and your family peace of mind. Contact us today to schedule a consultation.
Anthoor Law Group, A Professional Corporation greatly appreciates your visiting our website. We hope the warmth, compassion, and competency of our firm has been conveyed to you. We look forward to meeting you and providing you with clarification on any family law or estate planning issues you are experiencing. Please reach out to us by phone at (510) 794-2887 or online form, and someone will be with you very soon!
Call (510) 794-2887 or fill out the short form below. We will usually respond within 1 business day but often do so the same day. Don’t hesitate, your questions are welcome.
We respect your privacy. The information you provide will be used to answer your questions or to schedule an appointment if requested.
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Anthoor Law Group, A Professional Corporation a law firm, is conveniently located in Fremont, California. We are committed to providing each of our clients with the highest quality of legal representation possible.
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