If you’re interested in talking with a living trust lawyer Roseville CA offers, contact the Yee Law Group, PC. Our attorneys have a thorough understanding of estate law and its complexities. When you work with one of our lawyers, you will have the confidence of knowing that your best interests are protected.
Contact us today to arrange for a free consultation with a living trust lawyer in Roseville CA. If you have questions or concerns about the process of creating a living trust, we will be happy to address them. For general information, the following may be of interest to you.
The Purpose of a Living Trust
Living trusts are written documents that specify how a person’s assets should be managed and controlled while they’re alive, and after they are deceased. They usually are not a substitute for a will, but are instead used in addition to a will. They can be administered by the asset owner, or by someone they designate to be the trustee. A Roseville living trust lawyer can structure a living trust to fit your needs.
Living Trust Agreements
When you meet with a living trust lawyer Roseville CA residents recommend, you can discuss any special needs or concerns you may have. Many living trust agreements have these common traits:
- The trustee is usually the owner of the assets, or someone the owner has confidence in.
- The trustee has the legal right to control and manage the trust’s assets.
- After the assets’ owner dies, the trustee names the charities and/or individuals who are the beneficiaries of the trust’s assets.
- The trustee manages the trust to benefit the owner, and as such cannot use the trust’s assets for their own personal benefit without the owner’s permission. You can specify to a living trust lawyer Roseville CA provides under what, if any, circumstances the trustee can access the assets for their own purposes.
Living Trusts and Wills
Living trusts are not intended to take the place of a will; rather, they are designed to be drawn up in addition to a will. A living trust lawyer Roseville CA locals rely on for estate planning can provide more details specific to your situation. Here are some general guidelines:
- A will focuses on assets you own at the time of your death that are not included in your living will.
- A will usually provides that your non-living trust assets will transfer to your living trust manager after your passing.
- A will can specify who is to be a guardian of your minor children.
- A will may provide additional guidance on estate matters that are not included within the living trust.
Yee Law Group, PC
Creating a living trust may be one of the best things you can do for your peace of mind. Allow a trusted legal professional to help you protect your future. At the Yee Law Group, PC, a living trust lawyer Roseville CA community members turn to may assist you too.