Living trust is a legal entity which you create during your lifetime. This is highly preferred nowadays because people want to safeguard their estate and want it to pass them to their loved ones after their death.
If you are also thinking of having a living trust then hire Orange County trust attorney who has been planning living trust from last several years. They have great reviews from their customers so far.
By creating a proper living trust your assets included in it will be controlled by the person you like after your death. The person who sets the living trust is called the settlor, and the person who controls the trust is the trustee.
In this way, your property would be handled by the one you want to. If you do not plan a living trust then your property can go into the hands of those whom you have never wanted.
Having a living trust is also highly preferred by the people who have minor children means they are below the age of 18 and don’t have an ability to handle the assets. So, in this case, by contacting the experts of family trust California, they will create a trust for you according to the requirements.
In the trust, you need to decide who would be your asset’s guardian after your death till your children reach the age of 18.While appointing someone as the guardian of your children make sure the one is fine with your decision.
The property you have mentioned in your living trust to be transferred after your death will not go through any probate. Because this will make sure that who will get the property after your death. You can also check this useful reference to know more about the living trust.