• Our Guarantee to Our Clients

    We promise to represent your best interests and keep you fully informed.

    Read Our Guarantee
  • Bankruptcy eBook

    Get a FREE eBook to become more familiar with the bankruptcy process.

    Download It Here
  • Our Video Center

    Click here to access a list of our firm's videos.

    Get More Information
  • When You're Ready To Talk

    We're ready to listen. Contact us to receive a free initial consultation.

    Request a Consultation

The Primary Reasons to Consider a Living Trust

If you are currently going through the process of estate planning, then you have likely been told at one point or another that you should consider a living trust rather than relying on just a will. However, if you are unfamiliar with living trusts, you may be uncertain about what they are and the benefits they provide. Essentially, a living trust is a legal arrangement in which an individual transfers their assets into a trust where it is held for the benefit of the trust creator during their lifetime. Upon the trust creator's death, the assets of the trust are transferred to the designated beneficiaries by the person the trust creator chose to manage the trust after their passing. Here are just a few of the benefits of choosing a living trust.

Trusts Avoid Probate Court

One of the primary benefits of a living trust is that trusts avoid probate, the court-supervised process of distributing a deceased person's assets. Even if you have a will, your estate will likely still have to go through probate, which can be a lengthy and costly process that can put additional stress on your loved-ones during an already difficult time. With a trust, your designated successor trustee will distribute the assets in the trust according to your instructions without court intervention.

Your Affairs are Taken Care of Should You Fall Ill

A living trust can also help to protect you during your lifetime should you fall ill or become otherwise incapacitated. Through your trust you can prearrange who you would like to be in charge of your affairs and making majors decisions for you should you become incapacitated, ensuring that someone you trust is looking out for you, allowing you to avoid a court-appointed conservatorship.

There are a variety of benefits a living trust can provide, which is why they are starting to become so common. Contact us to learn more about living trusts and the options available to you for estate planning.

Categories: Wills & Trusts
  • Our Guarantee to Our Clients

    We promise to represent your best interests and keep you fully informed.

    Read Our Guarantee
  • Bankruptcy eBook

    Get a FREE eBook to become more familiar with the bankruptcy process.

    Download It Here
  • Our Video Center

    Click here to access a list of our firm's videos.

    Get More Information
  • When You're Ready To Talk

    We're ready to listen. Contact us to receive a free initial consultation.

    Request a Consultation

When You're

Ready to talk

Our firm is ready to listen. Call for a FREE case consultation.

Call Toll-Free 888.910.6652

"The Law Offices of James C. Shields is located in Torrance and proudly serves clients all throughout the South Bay including:

  • Long Beach
  • Carson
  • Irvine
  • Los Angeles
  • Palos Verdes Estates
  • Huntington Beach
  • Hermosa Beach
  • Redondo Beach
  • Manhattan Beach
  • Newport Beach
  • Costa Mesa
  • El Segundo
  • Rolling Hills
  • Hawthorne
  • Playa Del Rey and Culver City
Law Offices of James C. Shields - Torrance Bankruptcy & Estate Planning Attorney
Located at 21707 Hawthorne Blvd, Suite 204
Torrance, CA 90503.
View Map
Phone: (888) 910-6652
Local Phone: (310) 626-4404

Website:
© 2018 All Rights Reserved.