Trusts
Your Trust and Estate Planning Lawyers in San Diego
Trust can help you to go beyond the typical benefits of a will and help make things easier for your loved ones in the future. What can trusts do to give you better control over your estate planning? First of all, trusts allow you to keep your assets out of probate court. This ensures that your beneficiaries
How Trusts Assist You
Trusts also assist you to keep your estate planning out of probate. What happens in probate court with a will is a matter of public record. A trust keeps your estate private so that only your successor trustee and your heirs have to know your business. Trusts also give you flexible options for bequeathing your possessions. Here are a few examples.
- Living trust – This option gives you complete control to change, modify, or even terminate the trust at any time you see fit while alive.
- Irrevocable trust – Want an ironclad trust that even you can’t back out of? This is the option for you. The main reason to use an irrevocable trust is for the tax benefits.
- Charitable trust – Leave your mark on the community and leave part of your estate to a good cause.
- Special needs trust – When a loved one cannot take care of themselves, you can use this type of trust to provide lifelong care, even after you are gone.
Structuring Trusts in California
To put the benefits of this powerful form of estate planning to work for you, contact the experienced attorneys at Petrov Law Firm. We can help you consider your unique circumstances and form the types of trusts that will benefit your family and your estate the most. Don’t wait – get your estate plan in place now!
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