top of page

4 Important Benefits Of A Living Trust In California

In this post, learn the benefits of having a living trust as a California citizen

Planning for your future is important. That said, there's more to estate planning than the standard last will and testament. So, let's go over Living Trusts and how they are often handled by our prescreened California Estate Planning Attorneys.


california estate attorney

What Is A Living Trust In California?

It is a legal document for financial planning that permits a person (Trustee) to hold the property of another person (Settlor) for the benefit of another person (Beneficiary). Unlike a will, A Living Trust takes effect during the settlor's lifetime.

The settlor, trustee, and beneficiary are usually the same person (at least until that person dies or becomes incompetent). In other words, you can be the settlor, trustee, and beneficiary of a Living Trust if you create one.


You maintain complete control over the property and are free to use and spend it as if it had never been placed in the trust.


california estate planning attorney

Why Do You Need A Living Trust In California?

The following are the most prevalent reasons for establishing a Living Trust:


1. You Avoid Probate

If you die, your property will be passed on to your beneficiaries without the necessity for probate (the official court administration of a decedent's estate). Likewise, there is no need for a conservatorship (a formal court action to handle an incompetent person's assets) if you become mentally ill.

In any instance, the person you identify as the successor trustee in your trust takes over. Again, consult your California Estate Planning Attorney to know more.

If you die, the trust property can be distributed according to your desires by the successor trustee without going through probate court. Likewise, if you become mentally incapacitated, the successor trustee can manage your assets for your benefit without the need for a conservatorship or continuous court supervision.

2. Planning for Taxes

A Living Trust can also aid in the avoidance or reduction of estate taxes, gift taxes, and income taxes.


In some cases, your tax savings might be hundreds of thousands of dollars or more.


3. Control Over Your Assets


Like a last will and testament, a Living Trust allows you to specify what will happen to your property after you die.


A trust can also be used to direct how your beneficiaries spend their inheritance (to reduce the risk of them overspending it on vacations, cars, gambling, etc.).

For more information on this, contact a prescreened California Estate Law Attorney to help you.


los angeles living trust attorney

4. Privacy

A trust is not public information. As a result, anyone who is not considered a beneficiary or the general public has no right to know and dig up information about the assets in your trust.


The sole exception is that when you die, the successor trustee must give all of the specified beneficiaries, as well as all of your heirs at law (i.e., relatives who would be entitled to inherit from you if you died without a Will), the right to request and receive a copy of the trust.

Find A Top Rated Estate Planning Attorney in California

1000Attorneys.com is a California Bar Association Certified Lawyer Referral Service that can refer you to a California Estate Planning Lawyer that's fit to handle your unique case.

You may contact us via our 24/7 live chat (or fulfill our case submission form) for a FREE INITIAL CONSULTATION.


Related Articles:


HOME > BLOG > THIS POST✔︎

California Bar Attorney Search

California State Bar Certified Lawyer Referral And Information Service

Welcome to 1000Attorneys.com, a Lawyer Referral and Information Service certified and approved by the California State Bar.

"Our commitment is to provide you with unbiased and impartial lawyer referrals."

 

Unlike other services, we maintain complete independence from the lawyers receiving these referrals, ensuring transparency and fairness.

While we specialize in California employment law and personal injury claims, we offer our referral services for various other legal areas.

 

At 1000Attorneys.com, we aim to ensure you are connected with best California attorney near you who can provide comprehensive and exceptional representation for your specific legal needs.

 

We understand that every legal situation is unique and are dedicated to finding the best match for you.

 

With our extensive network of attorneys, we strive to deliver outstanding legal support and guidance tailored to your individual requirements.

At 1000Attorneys.com, we hold California attorneys to the highest standards of professional conduct.

 

Your satisfaction and confidence in the legal representation you receive are paramount to us.

 

Rest assured that when you engage in our services, you can expect nothing less than exceptional legal support and guidance.

Why Lawyer Referrals Matter

 

The California State Bar investigates on average 16,000 complaints of professional misconduct by attorneys annually.

We conduct due diligence by researching and recommending the best local attorney for your case. 

 

Our team of experts verifies that attorneys are in good standing and have the required experience in the type of law related to your legal issue. 

Learn more about attorney discipline here.

 

Our History 

 

Since 2005, we have been dedicated to helping individuals find reliable legal representation in California.

 

We understand the challenges people face when trying to locate reputable lawyers, especially when inundated with self-promoting advertisements and biased marketing from law firms.

 

At our service, we strive to cut through the noise and provide a trustworthy and unbiased platform for connecting individuals with reputable California lawyers.

 

Our clients receive quality legal representation without the frustration and uncertainty often associated with legal advertising. ​

 

How the LRS Works 


Anyone seeking competent and honest legal representation in California, can request a FREE lawyer referral. 

Once you submit your case details online, our legal 24-hour legal department will review your claim and reply via email. Most cases are reviewed and answered within 15 minutes. 

 

A free 30 minute consultation with the attorney will be offered to each referred client. 

A representative will follow up a few days later via email with the client after receiving a referral for quality management purposes, or to obtain the status of the case. 

About lawyers from our network


California lawyers in our network are insured, in good standing with the California State Bar, and have substantial experience in their practice area.

 

Attorneys are available in most areas of law throughout Southern California. Every lawyer in or network has been vetted for:

  • Credentials

  • Education

  • Communication skills

  • Performance

  • Client reviews

  • Fair legal fees

  • Continuing education

  • Professional affiliations

Additionally, we conduct criminal  background checks and attorneys are always monitored by our service.  

How to find the best lawyer for your legal case: 

1. The fastest way to have your legal issue reviewed by one of our attorneys is to send your details online.

 

Your information will go directly to our 24 hour legal department bypassing our call center. You will get a reply via email within 15 minutes. 

2. You may also inquire about your legal issue via email. We respond to email inquiries within 24 hours M-F. 

3. By calling our lawyer referral hotline 661-310-7999. However, our agents are not attorneys and cannot provide legal advice. Due to high call volumes, it's highly recommended that you use option # 1 above. 

 

bottom of page