Benefits of a Living Trust
The benefits of a Living Trust are that you can provide protection for your family, manage your assets if you become incapacitated or have a long-term illness, you can control the distribution of your assets, save income and estate taxes, an have some privacy that you would not otherwise have avoid the California Probate Court process. A Living Trust provides management during incapacity. If you become incapacitated, unable to handle your own affairs, who’s going to handle them for you? Well, if you haven’t planned ahead of time, your family has to go to a Court-supervised procedure called a Conservatorship, which, in California, is time-consuming and expensive.
An attorney or Conservator has to file annual and bi-annual accountings with the Court, and often there are legal battles over who’s going to manage your affairs. And, sometimes the person who fights the hardest to manage your money, is the person you’d least want to be in control of your financial destiny. You need to make the decision and say, “If I no longer can handle my affairs, this is the person I want to be in charge.” And you do this when you create your California Living Trust. You name a Successor Trustee who takes charge and makes decisions for you, should you become incompetent.
At CaMu Document Services, since 2003, our team of fiduciary advisors have helped Santa Clarita residents and business owners set up living trusts with confidence. Our experience and strategic partnerships allow us to offer full-package living trusts at an extremely affordable price point. If you would like to set up a trust, then please contact us to get started. 661-977-3371 or visit our website at camulivingtrust.com.
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