Your CBJ Living Trust Includes:
- Unlimited living trust consultations
- Funding the trust
- Unlimited customer support
- Peace of mind for you and your family
*Discounts available to members of legal plans
Revocable Living Trusts
A revocable living trust is a legal instrument which allows you to pass on your wealth to your loved ones in a manner that avoids the costs and delays of probate which can be associated with a will. Many people employ both a will and a revocable living trust to ensure that their beneficiaries are able to access bequeathed property with minimal delay and maximum privacy. Pasadena estate planning attorney Christopher B. Johnson works with clients across Southern California to create revocable living trusts that provide family members and loved ones with the promise of a more financially secure future.
The Benefits of a Revocable Living Trust
The major distinction between a will and a revocable living trust is that an individual will transfer assets to the trust now, as opposed to the property being transferred upon death through a will. This provides the following benefits:
- Avoiding Probate: With a will, property is not transferred directly to beneficiaries but instead must go through probate court proceedings, which can be costly and lengthy for both the estate and the beneficiaries. With a revocable living trust, property resides in the trust already and is thus transferred to beneficiaries outside of probate.
- Property Can Be Held for Young Children: Because the trust itself can hold the property even after your death, you may transfer property to the trust and the trustee will manage the property on behalf of young children per the terms of the trust, i.e. funds can be made available for educational expenses of the children.
- Maintaining Privacy: Because a will is processed through the probate system, the contents of your will can be made public. By creating a revocable living trust, you can maintain confidentiality of the contents of your estate, the identities of your beneficiaries, and the directions contained therein.
As the name implies, revocable living trusts can be modified once made, and this is true up until death. A will is nevertheless important for estate planning to accomplish such issues as naming guardians and directing how debts should be paid, and so many individuals choose to create both a revocable living trust and a will as part of their estate planning.
Working with an Estate Planning Attorney to Create Your Trust
creating a revocable living trust does not have to be a complicated process, everyone’s situation is different, and certain aspects of creating such a trust require additional steps and may present choices with important financial and legal implications. By working with an experienced estate planning trust to create and maintain your revocable living trust, you can ensure that you are taking the proper steps to make disposition of your assets as efficient and beneficial as to your possible to your loves ones.
Estate planning and probate attorney Christopher B. Johnson, located in Pasadena, California, has years of experience in all aspects of estate planning, and works with clients from all walks of life to create revocable living trusts that reflect their needs and those of their beneficiaries. To request an immediate consultation, contact him today at (877) 755-9178.