Living Trusts
With numerous years of experience in estate planning, the Providence Law Group has helped its clients execute the legal documents required to manage their assets and guide any future probate process. The living trust is created to better allow a person to manage assets during their lifetime and to instruct the distribution of assets after death. Among the chief advantages of trusts, they let you: Put conditions on how and when your assets are distributed after you die; Reduce estate and gift taxes; Distribute assets to heirs efficiently without the cost, delay and publicity of probate court.
Avoiding Probate
The main reasons to avoid probate are the time and money it can take to complete. Probate is a court process, therefore along with the various proceedings and hearings, simply gathering assets and paying off debts of an estate can take months or even years.
Advising You on Living Trusts
Providence Law Group has helped guide many clients through the often-complicated process of determining which estate options are best for them. We understand the potential legal and financial consequences of trusts, wills, and other estate planning methods, and can help you decide what best fits your needs. Living trusts are an excellent option for many California residents in order to help them avoid the laborious probate process, but they are not for everyone. It is important to make your decision carefully in order to protect your own interests and the future interests of your family members and beneficiaries.