What You Should Know About Living Trusts
A revocable living trust is a living document you create during your lifetime to protect your home and other valuables and determine who gets those items and where those items go.
A living trust attorney will help you set up this trust to administer your estate and protect your beneficiaries. As an estate planning attorney in Rancho Cucamonga, Heather Lynn Law Firm is available for you to help set up your living trust.
A living trust is “revocable” because you can change it during your lifetime and you alone are the creator and the one in sole power of making those changes.
It is your document until death and it becomes binding upon your death, therefore protecting you and your beneficiaries, making sure your wishes for after-death planning are followed through with.
A living trust avoids probate, so no court involvement is needed and no attorneys are necessary, thereby avoiding the stress and cost that comes with probate.
Reasons to Set Up a Living Trust
- Protect your family from uncertainty
- Avoid probate (a will does not protect against this)
- Guarantee the government will not take your estate
- Protect minor children and pets
- Ensure your assets are distributed per your desires
- Maintain your privacy
While it’s possible to set up a simple living trust yourself, it gets much more complicated as your estate grows larger or more complex. Or if you simply have a unique family/beneficiary situation.
Consulting competent legal counsel can help ensure everything is document properly and your estate will be divided exactly as you intend it to.
Set Up A Revocable Living Trust With Heather Lynn Law
While it may be tempting to put off setting up a trust until later, the fact is you never know what’s going to happen. The sooner you set up a trust, the sooner you can breathe easier and turn your focus to other things.
At our Rancho Cucamonga law firm, we’ll start you off with a free consultation. This helps us determine your unique estate planning needs, without you having to spend a dime on an expensive legal consultation.
Contact us today to get your estate planning started. We’ll make sure we get back to you in a timely manner.