Why you might need a living trust
Providing for heirs is a common goal of any estate plan. Where a living trust excels is when those heirs are still dependents upon your passing. A trust can provide support for your heirs while allowing your assets to be under the control of someone with the experience to properly manage money and property.
How a living trust can save money
Did you know that executor and attorney fees are calculated by statute as a percentage of the estate’s value in California? Our probate calculator may help you determine how much probate will cost, and how much you could save by having a living trust. https://www.californiatrusts.law/probate-calculator/
With a living trust, property is owned by the trust rather than your estate, keeping it outside the scope of probate. This means not only will money be saved, but the time and stress of probate gets avoided.
Can I just make a will?
Some people like the idea of a will because it’s seen as quicker and less expensive than a trust. This is true at first, but it’s the estate transfer where a trust can really have benefits. The time and expense of probate often far outweighs any additional time and cost of creating a trust. We’ll be happy to discuss your specific situation and recommend the best course of action for your estate.
Want to learn more? Take a look at our full range of estate planning services.
