Family trusts are a valuable estate planning strategy that allows individuals to control what happens to their assets during their lifetime and upon death. Furthermore, property held in trusts is exempt from probate and can be quickly passed along to family members. It isn’t hard to arrange family trusts, but the process takes a little […]
read moreWe are often asked the question, what is a trust and do I need one? While there several reasons to setup trusts the most prevalent is to avoid probate and make transferring property to beneficiaries easier and faster. A simplified answer to what is a trust, is it is can be compared to a safe […]
read moreA lot of people become confused about probate court and the processes required for estate settlement. While it’s usually best to work with an attorney who specializes in estate planning and trusts, individuals can reconcile estates of their loved one as long as they are designated as the personal representative in the decedent’s last will […]
read moreStrategic planning is used within companies to ensure goals are met. Plans provide direction about where the company wants to go and the actions required to reach the destination. Plans can be created for the entire company, along with specific plans for individual products, services, or programs. Strategic planning also plays a vital role with […]
read moreFinding an attorney in California can be challenging simply because there are so many legal advisers. From estate planning to family law and divorce to criminal defense, choosing the right type of lawyer is the first step toward attaining legal counsel. Other reasons to hire an attorney in Californiainvolve labor laws, wrongful termination, retirement planning, […]
read moreHiring an estate attorney is beneficial whenever setting up estate planning or settling a decedent estate. There are many factors to consider when creating Wills or trusts. The types of strategies required vary by each individual’s personal situation. Working with an estate attorney not only protects inheritance for heirs, it also lessens the time required […]
read moreA revocable trust is a legal agreement that you create to safeguard your assets and pass them along to heirs when you die. Property is titled in the name of the trust and managed by a Trustee. In most cases, you will be the designated Trustee, but you can appoint someone else to manage the […]
read moreA family trust is more commonly known as a living trust. This is a legal document that retains ownership of titled property and financial assets. The person setting up the trust has total control over assets while living and appoints a Trustee to settle the estate upon death. Setting up a family trust requires individuals […]
read moreA lot of people setup a living trust to avoid the probate process. This type of estate planning method involves transferring ownership of possessions to the trust which is managed by a Trustee. The Trustee of a living trust is the person who owns the property. They are also referred to as the Grantor. Transferring […]
read moreTrusts are used to safeguard estate assets and reduce estate and inheritance taxes. Most people find the process somewhat confusing because there are different kinds of trusts and methods for setting them up. Some of the most common include: revocable, irrevocable, living, and testamentary trusts. Essentially, trusts are used to secure property that is intended […]
read more