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Trusts Archives

What is a spendthrift trust and why would you want one?

There are many different kinds of trusts Fresno County, California, residents can set up for the benefit of their loved ones or their favorite charities. Each of these trusts can serve an important purpose, and many if not most trusts have certain tax advantages and the ability to simplify the probate process.

Funding is the important second step in creating a trust

As this blog has discussed previously, many Fresno residents will at some point consider creating a living trust as they start to think about financial and estate planning. Although not for everyone, there are many good reasons a person might set up a revocable living trust as a means of passing down their legacy to loved ones and others, perhaps the most attractive reason being that it can keep an estate out of a lengthy probate process.

The advantages and disadvantages of revocable living trusts

Many people in the Fresno are may swear by trusts as the best estate planning tool that a Californian can use with respect to estate planning. It is true that setting up and maintaining a trust carries with it several important advantages. However, as with just about any legal procedure, a trust is not necessarily right for everyone and should not be seen as a one-size-fits-all approach to estate planning.

3 types of disputes that can jeopardize your trust

Trusts can be essential tools in any estate plan. They can help people minimize taxes, avoid probate, secure funds for specific people and shield assets from unwanted parties. Considering how beneficial they can be, it is not surprising that people all across California have trusts as part of their estate plan.

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