A living trust is a legal document that ensures that you have full control over what happens to your assets when you pass away.
In California, If you own real property or other assets of significant value, you need a living trust.
What happens if you don’t have a living trust?
Without one, your assets would likely need to go through probate to be distributed. It’s a long and public court process your heirs would endure while they’re grieving your death.
It’s generally not fun, and – it’s expensive – diluting your estate’s value.
In addition to avoiding an expensive year plus probate, a living trust also gives you the ability to be specific with who receives your assets and at what age.
You can donate to charity, make financial provisions for certain family members, and really direct where you want your assets to go.
How can I get a living trust set up?
Setting up a Living Trust is possible on your own, but most people opt to have an attorney set it up for them to make sure it’s as complete and bulletproof as possible.
If a living trust is on your to-do list this year, start by reaching out to a well-reviewed attorney.
They’ll help you through the process, make it as easy as possible, and in the end, you’ll have a rock-solid living trust.
Reach out, we’re here to help.
