Glendora Trust Attorney
Offices Located in 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 Do I Need to Create 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
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.
Your trust document should include your name and the names of those who
will inherit property. Once the document is signed in front of a public
notary, you can transfer property to your trust. Most trusts include a
successor trustee, an individual who becomes responsible after your death.
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.
Request a consultation today by calling (626) 587-2677.