Trusts in Sacramento
Ensuring Your Loved Ones Are Protected
How do I provide for my family upon my death? How can I help my family avoid costly litigation upon my death? How can I influence the way my estate is distributed and how my wishes are carried out, upon my death? No one enjoys contemplating their own passing, but that event is inevitable and creating a comprehensive succession plan helps ease the pain and suffering of those we leave behind.
Estate plans, including Wills and Trusts, are not just for the super wealthy – they are for anyone who has worked hard during their life and wants to provide for their loved ones upon their death. One of the first steps in creating an estate plan begins with a Trust.
Similar to, but unlike a Will, a Trust allows you to decide how your estate is distributed but typically shelters your beneficiaries from a contentious and expensive court process, called “Probate.” A Trust also allows you control of your estate during your lifetime.
The estate planning division of The Law Office of David A. Martin & Associates, in Sacramento, can advise you throughout the process of creating Trust documents which address and achieve your unique goals. With the assistance of our team, you can rest in peace that the future of your loved ones is protected.
Why You Need a Trust
One of the most appealing features of a Trust is that it gives you the ability to control and manage your assets during your lifetime and after your death. The more specific you are regarding when, how, and to whom your assets are distributed, the more effective the Trust will be in achieving your goals.
The complexity of these decisions is just one reason legal guidance is essential. We will guide you in asking yourself certain questions, the answers to which will help you determine the important details of your Trust documents.
If you have minor children, you can designate a Trustee who will manage their inheritance until they are old enough to manage it themselves, which may or may not be when they reach the age of majority. You can specify requirements they must meet before getting access to the Trust fund and you can determine the circumstances of how much of the Trust they can access – a great protection if your intended beneficiaries have a history of make poor choices.
In addition to restrictions on when and how much of the Trust is available, if an intended beneficiary is particularly immature, or lacks the wisdom or experience to manage their inheritance, or has a substance abuse problem, you can designate a responsible Trustee to manage the funds.
A Trust becomes effective the moment you create it, so you can benefit from it during your lifetime. If you become incapacitated, your successor Trustee can manage your assets; even pay your bills until you recover. Without a Trust, your family will have to go to court to have a conservator appointed and must prove your condition in open court. A well drafted Trust may allow you to avoid that court proceeding.
It is impossible for any of us to know what the future holds, except that sometime, somewhere, under some circumstances, our time on this earth will end. With help from The Law Office of David A. Martin & Associates, you can be better prepared for it.
Request a Consultation with a Knowledgeable Estate Planning Attorney Today!
A Trust is an essential aspect of any estate plan. The Law Office of David A. Martin & Associates, in Sacramento, is committed to guiding our clients through creation of an effective Trust that protects their future and the future of their loved ones.
Reach out to our law office today at (916) 299-3936 or contact us online to set up an initial consultation.