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- Rhonda F. | TestimonialsA revocable living trust is a method of avoiding the probate process. If assets are owned by a trust, no court is involved in the transfer of assets upon death. Therefore, probate only arises when the legal owner of property dies, leaving no joint owner or beneficiary. In order to avoid probate, ownership of assets is transferred to the trustees of the trust. For example, instead of owning assets as John and Jane Doe, the name on the deed, account or other asset is changed to “John Doe or Jane Doe, Trustees of the Doe Family Trust dated May 1, 2005”. Sacramento Attorney Duncan Law | Duncan Tax will work with you to help you understand why a revocable trust is right for you.
As the Settlor of the trust, you are able to name your beneficiaries and specify at what age, or by specific requirements, your heirs will receive their inheritance. Trusts allow the transfer of your personal assets to remain private within the constraints of the trust document while the probate process may expose your estate to the public. Ask Sacramento Attorney Duncan Law | Duncan Tax how a Revocable Living Trust can benefit you and your family.
A revocable living trust does not affect your ability to manage and control your own property and keeps your plan of distribution private. It is very important that your trust is drafted according to statutory requirements, is clearly written, and covers all of the details that are important to you and your legacy.
Sacramento Attorney Duncan Law | Duncan Tax offers a complimentary one hour consultation for all new clients to discuss your estate planning needs. Contact our estate-planning department for an appointment.
