Living Trusts in Orange County
Interested in creating a living trust?
Living trusts are also known as revocable living trusts or inter vivos trusts, and they feature many important and desirable
estate planning benefits. To begin with, you can assure that in the case of your incapacity due to a severe illness or serious injury, your needs and those of your family will be provided for. At the time of your death, you can achieve immediate provision for your loved ones' needs while also being able to avoid the costs and delays of
probate. The most effective step you can take to ensure that your own living trust takes full advantage of everything that this estate planning instrument has to offer is to contact an Orange County trust attorney.
What are the benefits of a living trust?
A living trust involves both yourself and a dependable loved one or bank. You are granted the position of trustee and the other individual is named as the secondary trustee. When you pass away, or should you become incapacitated at any point, your secondary trustee is given control of your assets to do with them as designated in your will.
Because the funds are no longer in your name, but still under your control, there are numerous benefits to a living trust.
Some of the most popular benefits include:
- Being able to avoid probate
- Circumventing estate and gift taxes
- An increased level of privacy for your family
Numerous individuals profit from a living trust as it gives you control of your assets until you are no longer able to carry on as you wish. And even after incapacitation or death, your wishes continue to be carried out by your secondary trustee.
Retain our Orange County Estate Planning Attorney
Our attorney, P. Arnsen Blakely, is committed to the best interests of our clients. He has more than 40 years of experience and is deeply invested in whatever case is brought to our attention. We know how important it is to feel heard, which is why we give our clients the space to share their needs and concerns before prescribing a solution.
It is our goal to provide compassionate and trusted legal counsel that will truly make a difference in the outcome of your future. No matter what you're facing, you can have confidence when you work with our Orange County estate planning attorney. Get the process started now by contacting us for a free case evaluation.