{"id":6538,"date":"2023-01-17T14:29:53","date_gmt":"2023-01-17T22:29:53","guid":{"rendered":"https:\/\/gaudylaw.com\/?p=6538"},"modified":"2023-02-03T16:56:08","modified_gmt":"2023-02-04T00:56:08","slug":"what-is-a-living-trust","status":"publish","type":"post","link":"https:\/\/gaudylaw.com\/estate-planning\/what-is-a-living-trust\/","title":{"rendered":"What is a living trust?"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1458px;margin-left: calc(-8% \/ 2 );margin-right: calc(-8% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:3.68%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:3.68%;--awb-width-medium:100%;--awb-spacing-right-medium:3.68%;--awb-spacing-left-medium:3.68%;--awb-width-small:100%;--awb-spacing-right-small:3.68%;--awb-spacing-left-small:3.68%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p>A living trust is a legal document that ensures that you have full control over what happens to your assets when you pass away.<\/p>\n<p>In California, If you own real property or other assets of significant value, you need a living trust.<\/p>\n<h2 data-fontsize=\"32\" style=\"--fontSize:32; line-height: 1.3;\" data-lineheight=\"41.6px\" class=\"fusion-responsive-typography-calculated\">What happens if you don&#8217;t have a living trust?<\/h2>\n<p>Without one, your assets would likely need to go through probate to be distributed. It\u2019s a long and public court process your heirs would endure while they\u2019re grieving your death.<\/p>\n<p>It\u2019s generally not fun, and &#8211; it\u2019s expensive &#8211; diluting your estate\u2019s value.<\/p>\n<p>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.<\/p>\n<p>You can donate to charity, make financial provisions for certain family members, and really direct where you want your assets to go.<\/p>\n<h2 data-fontsize=\"32\" style=\"--fontSize:32; line-height: 1.3;\" data-lineheight=\"41.6px\" class=\"fusion-responsive-typography-calculated\">How can I get a living trust set up?<\/h2>\n<p><a href=\"https:\/\/gaudylaw.com\/services\/estate-planning\/revocable-living-trust\/\">Setting up a Living Trust<\/a> is possible on your own, but most people opt to have an attorney set it up for them to make sure it\u2019s as complete and bulletproof as possible.<\/p>\n<p>If a living trust is on your to-do list this year, start by reaching out to a well-reviewed attorney.<\/p>\n<p>They\u2019ll help you through the process, make it as easy as possible, and in the end, you\u2019ll have a rock-solid living trust.<\/p>\n<p>Reach out, we\u2019re here to help.<\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[65],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/posts\/6538"}],"collection":[{"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/comments?post=6538"}],"version-history":[{"count":4,"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/posts\/6538\/revisions"}],"predecessor-version":[{"id":6556,"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/posts\/6538\/revisions\/6556"}],"wp:attachment":[{"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/media?parent=6538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/categories?post=6538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gaudylaw.com\/wp-json\/wp\/v2\/tags?post=6538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}