A trust is one of the most important tools to use to manage your estate after your death. You will set it up with an attorney in advance, and usually as a part of your will and estate plan. As a trust administration lawyer in Redlands, CA, this professional works with you to manage the legal side of that trust. This includes ensuring the rules you create for the trust are followed.
How Does a Trust Work?
When you work with a trust administration lawyer in Redlands, CA, you will see what they can do for you. However, in every situation, their tasks are very specific. A trust is designed to hold your personal assets separate from your actual day-to-day assets. It works as its own legal identity. As a result, when you pass away, your trust can go to work to minimize the risk of probate court, taxes, and inheritance.
How Can You Use It?
There are many ways and reasons to use a trust. For example, some people use them as a way to divert funds to their heirs without having to risk estate taxes. Unlike a will, which only allows you to make your wishes known, a trust can put a lot of stipulations on your inheritance. For example, you can create a trust for a grandchild that is not accessible unless he or she completes a college education. You can use trusts to manage a wide range of your goals after your death with far more control than you could have with a will.
Unsure where to get started? Contact Betty Auton-Beck Professional Law Corporation at to learn more about our trust administration lawyer in Redlands, CA, and how we can help you manage this complicated process. You can also visit them on Google My Business.
