Living Trust and Assets Protection
It’s about living benefits and not only death benefits – They’re not just for the elderly or the wealthy
A guardian is responsible for raising the children if the heirs are unable to do so, caring for the children on a daily basis.
A trustee/executor is in charge of overseeing the gathering of assets, the payment of taxes and any other final expenses, and distribution of the assets to beneficiaries.
Living Trust vs. Will: Though both wills and trusts are legal documents to manage your estate, they are created under different laws. Trusts fall under contract law, and wills under testamentary law. Contract law is held to a stricter standard than testamentary law, which means that a living trust generally supersedes a will. Call 661-977-3371 to make an appointment to set up your family living trust with this month’s promotion. Visit our website at www.camulivingtrust.com.
LIVING TRUST:
Takes effect while you’re alive
Skips probate court
Easy to change
Name guardianship & custodianship
Assets transfer immediately
Stays private
Affordable with CaMu
vs.
WILL:
Takes effect at death
Goes through probate court
Easy to change
Names guardianship of children
Transfer of assets can take time
Becomes public
Affordable
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