Why You Should Consider A Living Trust?

Reduce estate taxes. If you are married, the trust can provide for estate tax savings.
Protect minor children. A trust can hold the money for minor children until they are responsible enough to manage the money themselves.
Save your grown-up kids from themselves. If your child will most likely not ever be able to manage the money himself due to a drug or alcohol issue, or because he is just bad with money, the trustee can hold the money in trust for your child’s lifetime and distribute it as needed.
Keep your assets in the family. If your child is getting married and you do not like her fiancé, you should have trust. In the event they divorce, you do not want half your assets winding up with your ex-son-in-law.
Take the sting out of the fling. If you are concerned that in the event of your untimely death, your grieving spouse will take up with the pool boy, or the cocktail waitress at the country club, putting the assets in trust with a professional trustee will make sure your spouse does not take all the money and give it to his or her latest fling.
Avoid probate. If you put your assets in the trust during your lifetime instead of relying on your will to do that when you die, you can avoid probate.
Ensure your family’s privacy. If you have a will that is probated, it will become a matter of public record along with certain other information such as the value of your assets, and often, an inventory listing your assets. A living trust, on the other hand, is a private document.
Protect yourself while you are alive. If you fund the trust during your lifetime and later become incapacitated, the successor trustee will be able to manage the trust assets for your benefit. This is important for people who are single, and for those who do not have children. You want to trust in a place that will provide for you in the event you are unable to make decisions for yourself.
If you would like to set up a trust, then please contact us to get started. 661-977-3371 or visit our website at www.camulivingtrust.com.