Make sure your assets are distributed based upon your wishes with a trust
For many Americans Trusts present a better option for fast, private, and streamlined transfer of their property after death. But what is a trust?
In a trust an individual names a third party, known as the trustee, and appoints them to legally hold onto and oversee certain property. When the individual dies the trustee is able to transfer that property to its designated beneficiaries without the delay, fees, and complications involved in the probate processes. It is a common misconception that a Will allows property to avoid probate, this is not true. Only a trust can help you avoid the probate process. A trust can be crafted to take into account the unique characteristics of your family, to help minimize death taxes, and to avoid the cost and lengthy time that probate requires.
The estate planning attorney team at Hobin & Hobin LLP offers insightful estate planning services. We will consider many different trust structuring options, and help you select a form that will best serve your family’s needs. Our legal experts can help you decide if the formation of a trust is the right option for you and your family.
If you would like a consultation regarding estate planning services or other legal services in Contra Costa County, contact the law offices of Hobin & Hobin LLP today at (925) 757-7585
How can I make sure my wishes are upheld?
Establishing a properly worded trust is one of the best ways to not only make sure your wishes are carried out, but to also avoid going through lengthy and costly court proceedings.