Trust and Estate Planning Attorney Serving Glendora & Irvine, CA
In today's day and age, it has never been more important to plan for the future. Doing so can provide your loved ones with financial stability and help needed to avoid the uncertainties of tomorrow. At Morris Law Firm, we are convinced that creating a trust is one of the best ways to ease the anxiety of the future. Your assets are valuable – treat them as such with the help of our Glendora trust attorney.
Why Should I Have a Trust?
We often get asked the question, “Is a trust necessary if I already have a will?” and our answer is always “Yes!” A trust has benefits that a will simply does not provide and can be an additional layer of protection for your assets.
The advantages of having a trust include:
- Allows all assets included in the trust to avoid probate
- Avoids a conservatorship
- Can reduce or eliminate federal estate taxes
- Is revocable during the lifetime of the trustors
Living Trusts in Glendora, California
A living trust is a document you prepare during your lifetime that gives you the opportunity to act as the trustee, thus having full control over all property held in the trust. Probate avoidance is immensely motivating for those looking to form a trust, because going through probate is often a long, complex process.
What Should Be Included in a Trust?
Your trust document should include:
- Your name and the names of those who will inherit property.
- Most trusts include a successor trustee, an individual who becomes responsible after your death.
- Notarized signatures of all necessary parties.
Once the document is signed in front of a public notary, you can transfer property to your trust.
Why Is It Important To Consult With An Attorney?
A trust carries a great deal of weight and should be prepared carefully, alongside an estate planning lawyer. We are committed to acting based on the needs of our clients. Regardless of the worth of your assets, you can have confidence that Morris Law Firm operates with integrity and precision.
Get sound legal advice from an esteemed trust lawyer in Glendora. Request a consultation today by calling (626) 914-2791.
