In California, the law provides that "living trusts" can be created in order to avoid the expensive, lengthy and often frustrating process of sorting out one's affairs in Probate Court. No matter the size of the estate, a living trust can specify the distribution of assets and appoint a family member, friend or professional to handle the administration of estate affairs.
What is unique about trusts is the flexibility and varying options which they can create through skilled drafting. Decisions as to matters such as distribution to particular children or other beneficiaries, including the amount, timing (for example: 1/3 at age 30, 1/3 at age 35, 1/3 at age 40), and other pre-requisites (college completion) can all be written into in a trust document.
To ensure that a drafted trust meets legal requirements and will be effective, consultation with the qualified estate planning attorneys at Santiago & Jones is strongly encouraged. Santiago & Jones often provides free estate planning consultations and is always happy to assist you with any estate planning need. Call our office today to schedule an appointment.