Why would I need a Living Trust?

A Living Trust allows you to avoid probate of your assets/estate and offers privacy. You designate an individual or individuals in advance in the case you become incapacitated and administer your estate upon your death.  Without a Living Trust your assets/estate are subject to probate which is the court process that can be very costly and take many months up to years depending on the complexity of the estate.  The court oversees the paying of creditors and distribution of your assets. 

Who should have a Living Trust?

There’s no specific dollar amount of assets for which a living trust becomes a good idea.  In California probate is expensive enough that the cost of setting up a Living Trust can be worthwhile.  Estates valued over $166,250, which includes a home, will have to go through the legal probate system if you do not have a Living Trust.

What is a Living Trust?

The California Living Trust or Revocable Living Trust is a document that avoids probate and allows a Grantor (you) to specify how your assets and property should be managed during your lifetime and after your death.