Revocable Living Trusts
A trust dictates exactly how an individual’s property will be managed, allocated, and distributed throughout his or her lifetime or upon death. A “living” trust entails that an individual created the trust while he or she was still alive. The trust is designated as “revocable” in that the trust creator reserves the right to make changes to, amend, or even revoke the trust during his or her lifetime. If you would like to establish a revocable living trust it is very important to secure the advice and guidance of a Fremont estate planning attorney. A knowledgeable attorney will help you determine the best terms of your trust agreement and ensure that your trust follows state and federal guidelines.
The Benefits of a Revocable Living Trust
One of the main advantages of a revocable living trust is that it gives the creator the ability to undo or alter the terms of the trust. A number of circumstances may arise that call for a change to be made to the trust agreement. A marriage, divorce, illness, death, or even a simple change of mind can necessitate an amendment to the trust. By establishing a revocable living trust you can also avoid the complicated and lengthy probate administration process and the fees and expenses that usually accompany this process.
Estate Planning Lawyers Serving Fremont and the Bay Area
When it comes to creating and maintaining a revocable living trust you need an attorney with knowledge, skill, and experience to guide you through every step of the trust creation process. At the Singh Law Firm, our attorneys have extensive backgrounds in business, accounting, and tax laws. We have helped over 1,000 clients successfully establish comprehensive revocable living trusts. A trust of this nature should be established as early as possible. Our attorneys are here to help, give our firm a call today.