If you are interested in creating a living trust, you may want to consult with an experienced living trust lawyer Roseville CA relies on from Yee Law Group. A living trust allows you to place your assets in a safe location so that they may be passed on to your beneficiaries when you pass. While it’s not absolutely necessary to have a living trust, at Yee Law Group we’ve found that many clients do benefit from drafting one.
Here are some of the main benefits you may discover when you create a living trust:
Avoid Probate: If you have a living trust lawyer in Roseville CA help you prepare a living trust, your family may avoid the entire probate process. Instead of waiting months to receive their inheritance like they would with a will, your family members may receive your assets in just weeks. After paying your debts, your successor trustee may distribute your assets to your beneficiaries.
More Privacy: Preparing a living trust may also give you more privacy. The trust is not made public when you die, so your assets will be distributed privately. If you create a will, it becomes a public record when you pass.
Save Money: Hiring a living trust lawyer Roseville CA respects may help you save money in the long run. With a living trust, your assets won’t have to go through a probate before they are distributed. The court costs for a probate aren’t small and may be taken out of your estate.
Protect Against Court Challenges: If you have a Roseville living trust lawyer create a living trust for you, it may be very difficult for individuals to challenge it upon your death. If you are actively involved in your trust after it has been created, it shows the court that you were capable of taking care of your affairs. In order for someone to bring a lawsuit against your living trust, he or she would have to that the trust document is flawed or you weren’t mentally competent when the trust was created.
Avoid a Conservatorship:
A conservatorship is a court-ordered guardian who may take care of your financial matters if you become incapacitated. The process of establishing a conservator for an estate can be expensive and time-consuming, so many people try to avoid it when possible. If you, at some point, become incapable of managing your financial affairs, your successor trustee may step in right away and take over your finances.
Hiring a Living Trust Lawyer Roseville CA Counts On
If you have made the decision to create a living trust, you may want to make an appointment to see a skilled living trust lawyer Roseville CA depends on. A living trust may help you define certain aspects of your finances, such as who you want to take over as trustee upon your death and who you want to receive your assets when you pass.
If you’re ready to learn more about establishing your own living trust, the team at our firm is happy to speak with you in person. To speak with a reputable living trust lawyer Roseville CA offers, contact Yee Law Group at 916-599-7297.