To create a living trust, it is essential to work with an experienced legal professional who specializes in this area. Given that regulations can vary by state, it is important to choose someone knowledgeable about the process in your local jurisdiction.
The legal professional will begin by explaining how living trusts operate. They will then review the assets you wish to include in the trust and help you select a trustee, typically the person who creates the trust. You will also need to appoint a successor trustee to manage the trust if you become incapacitated or pass away. Carefully choosing the right individual for managing your assets is a crucial decision. Finally, the document must be notarized to become effective.
f you’re considering whether a trust is necessary, we encourage you to consult with one of our professional business partners. They can offer expert advice and guidance to help you assess whether a trust is suitable for your unique situation. Additionally, they can assist you in both creating and managing the trust if you decide to proceed. Reach out to our partners to begin securing your assets and safeguarding your loved ones’ future.
Contact:
Gary K. Machado
Board Certified Specialist in Estate Planning, Trust and Probate Law
p: (916) 473-2770
or Allison Pedrazzi
p: (916) 407-2151
