Do Not Wait to Contact a Living Trust Attorney in Pasadena CA
When you need a living trust attorney in Pasadena CA, you need an attorney who has the experience to provide you the best possible service. You need an attorney who is responsive, who specializes in financial law, and who will give your case the priority it deserves. You need Law Offices of Terrence Fantauzzi at (909) 552-1238.
Learn the Advantages of Having a Trust Set Up
Trusts can be used to ensure the proper transfer of property while you are alive or after you pass away. These types of documents can be a powerful tool in your estate plan, as they come with many benefits for both you and your beneficiaries. A knowledgeable living trust attorney in Pasadena CA could explain more about the purpose of trusts and work to create documents that fit your individual needs. Do not hesitate to reach out to Law Offices of Terrence Fantauzzi to learn more.
Your Attorney Can Help You Set Up the Right Type of Trust
A trust can be created in a variety of ways, according to the California Probate Code. A trust can be established through a transfer of property to another person as a trustee during one’s lifetime, a transfer of property to another person as a trustee after one’s death, or a declaration by the owner of a property that the owner has the property as a trustee.
The property of the owner is transferred to a trustee regardless of how the trust is set up. After that, the trustee is in charge of the property until a certain date. When that date arrives, the trustee distributes the property to the beneficiaries who have been named. This is the most fundamental concept of trust. When you engage with a living trust attorney in Pasadena CA, we will go over the legal requirements as well as other details.
A Properly Set Up Trust Allows You to Avoid the Probate Process
The probate process does not apply to trusts or the property they contain. This means that, even when a trust only has legal force following the death of the trust maker, the trust’s beneficiaries do not have to wait for probate to access their assets.
Learn How a Living Trust Attorney in Pasadena CA Can Offer Financial Advantages
Another prominent function of trusts is to benefit financially. Property held in a trust is no longer the trust maker’s asset. This may assist those individuals in avoiding paying needless taxes. Similarly, unlike gift taxes that can apply to straight transfers, beneficiaries of trusts do not have to pay taxes when they get the property.
Request a Consultation with a Living Trust Attorney in Pasadena CA
Trusts are estate planning options that offer you a greater level of flexibility than traditional wills. Property that moves through a trust does not need to endure the probate process, nor is it subject to taxation.
Creating a trust requires the naming of property, the nomination of a trustee, and the identification of at least one beneficiary. Beyond this, a trust can serve almost any purpose that you can imagine. A living trust attorney in Pasadena CA can help you get this set up. Contact Law Offices of Terrence Fantauzzi at (909) 552-1238 to get started.