Trust Law in Eureka, California
Trusts in Law
Creating a trust is an important part of planning ahead and preparing for the future. A trust, much like a will, allows you to create a plan for what to do with your assets and estate. Unlike a will, however, a trust goes into effect from the moment it’s created, meaning you don’t have to wait until you pass away to see your plans take effect.
A testamentary trust is an exception to the statement above. This type of trust does not take effect until after you pass away, and relates to estate fees and taxes. This type of will can also be changed at any time before your death. Simply call our office to get started.
A living trust is the most common type of trust created. It transfers ownership of assets and property to the beneficiaries you list. This can also be changed, meaning you can grant additional ownership as time goes on. These types of trusts aren’t subject to probate, which means your relatives don’t have to endure the messy legal process after your death.