Wills and Trusts Tag

Confused about the differences between wills and trusts? If so, you’re not alone. While it’s always wise to contact experts like us, it’s also important to understand the basics. Here’s a quick and simple reference guide: What Revocable Living Trusts Can Do – That Wills Can’t ● Avoid a conservatorship and guardianship. A revocable living trust allows you to authorize your spouse, partner,...

Most people understand that having some sort of an estate plan is, as Martha Stewart would say, a “good thing.” However, many of us don’t take the steps to get that estate plan in place because we don’t understand the nuances between wills and trusts – and dying without either. Here’s what will generally happen if you die, intestate (without a will or trust), with a will, and with a trust. For...

WHAT IS A LIVING TRUST? An orange county estate planning attorney can help make a revocable trust part of your estate plan A revocable trust (commonly called a living trust) is a part of an estate plan that helps minimize estate taxes and probate expenses. A trust is a fiduciary arrangement that allows a trustee (yourself or a third party) to hold assets on behalf of a beneficiary. There...