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Calabasas, CA Trust Attorneys

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If you live in Calabasas and own money and/or property, it’s never too early to ensure that it is protected in case unexpected tragedies occur. When you use a trust, or a combination of several trusts, to prepare for the future, you can have peace of mind knowing that your assets will stay out of court and be distributed directly to your loved ones according to your wishes. That means you remain in control of your hard-earned wealth!

Calabasas Trust Attorneys

Trusts benefit you and your family both now and later, so contrary to popular belief, you don’t need to be retired or of an advanced age to organize your affairs. Another widely held belief is that trusts – and estate planning altogether – is only for the wealthy. This isn’t true either! Trusts offer advantages to anyone with money and property.

You likely have a lot of questions, and that’s okay! We take the time to answer them, explain your options, and recommend a strategy completely personalized to your unique circumstances. Call today to book a free initial consultation and learn more about how our dedicated Calabasas trust attorneys simplify the process!

What Kind Of Trust Do I Need?

There are many different types of trusts which serve their own purposes, such as:

  • Revocable living trustsallow the grantor to retain control over their assets during their lifetime while specifying how those assets are managed and distributed after their death
  • Irrevocable trusts – transfer assets out of the grantor’s estate, providing potential tax benefits and asset protection
  • Testamentary trusts– trusts created through a will, that only take effect after the grantor’s death; provide for the management and distribution of assets for minor children, beneficiaries with special needs, or beneficiaries who are unable to manage their finances
  • Special needs trusts – trusts that provide for the long-term care and financial needs of individuals with disabilities or special needs without jeopardizing their eligibility for public benefits
  • Charitable trusts – trusts that supports charitable causes and organizations while providing potential tax benefits for the grantor
  • Asset protection trusts – shield assets from creditors and lawsuits
  • And more!

Once our Calabasas trust attorneys sit down with you to discuss your overarching goals, finances, and unique family dynamic, they can get a better picture of which type of trust would most benefit you and those you love!

Why Do I Need A Trust?

When someone dies without a trust – whether they have a will or not – their estate must go through a process called probate. Probate is an incredibly complex court-supervised legal process, which can be stressful on a family that’s just gone through a loss. Though a will does make asset distribution according to the decedent’s wishes more clear, it does not prevent probate.

Another drawback of probate is that it can cost thousands of the estate’s dollars to complete and has the potential to drastically impact what is left to be distributed to your heirs. It can take as many as 9-12 months from start to finish, though it’s possible for complications to make it last longer. As long as probate goes on, the court costs and legal fees will keep piling on.

When you choose our skilled Calabasas trust attorneys to guide you through the trust creation process, your personal and financial affairs stay out of court, meaning they stay private and protected from these expenses. The wealth you worked tirelessly to earn throughout your life, so that you could give this gift to those you love, will be passed directly and nearly immediately to them without the complications of probate getting in the way.

Why Work With Our Calabasas Trust Attorneys?

Our legal team has over 70 years of combined experience helping Californians plan for their future with confidence! We empower you with the knowledge and legal guidance you need to make decisions that will have a positive impact on the lives of you and your family both now and later. Call today to book your free consultation and discover your options and next steps!

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The Karpel Law Firm

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