Sacramento, CA Trust Attorneys

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You’ve likely heard of trusts before, but did you know that they are not only for the wealthy or for those advancing in age? Anyone, at any stage of life, can benefit from establishing a trust! However, the process can be very complex, and might leave you feeling confused or uncertain. That’s where we come in! Karpel Law Firm can help you gain a better understanding about what goes into creating a trust, and answer any questions you may have throughout the journey. That way, you can make the most informed decisions for yourself and your family with confidence. Our team has over 50 years of combined experience in providing exceptional legal guidance to clients, and our reviews prove that. Call today to schedule your free consultation with our skilled Sacramento trust attorneys and learn more about how we can serve you!

Sacramento Trust Attorneys

What Is A Trust?

A trust is a financial entity into which you transfer assets to hold and be managed (by a trustee) on behalf of your beneficiaries (heirs). It is possible to name yourself as the trustee, but if you do so, it is advised that you also name a successor trustee in case something happens to you. You can also have a professional trustee manage your trusts(s), such as a bank, trust company, or licensed attorney.

In short, you can think of a trust like a box where you put your valuable belongings, like money, property, or investments. Then, someone you trust takes care of the box so that, one day, it can be given to those who will inherit what’s inside. Your trustee has a legal duty to protect the box and pass it on according to the terms of your trust agreement. That means they cannot do anything with the box besides what you permit, or else they will be in breach of fiduciary duty. Your heirs, who are likely those you love most, will ultimately benefit from the items in the box. 

Are There Different Kinds Of Trusts?

There are a variety of types of trusts you can create. Our knowledgeable Sacramento trust attorneys will sit down with you to discuss your goals and objectives; that way he can have a better idea of what trust(s) are the right fit for your unique situation. Some possibilities may be:

  • Revocable living trust
  • Irrevocable trust
  • Testamentary trust
  • Charitable trust
  • Special needs trust
  • Bypass trust
  • Generation-skipping trust
  • Crummey trust
  • Dynasty trust
  • And more!

What Are The Advantages Of Creating A Trust?

Trusts are extremely beneficial when utilized within an estate plan. For one, they are able to bypass the complicated California probate process, which can last for months, deplete the wealth of an estate with filing fees and court costs, and leave assets vulnerable to being contested or suffering other lawsuits. Having a trust allows your heirs to inherit the assets or property you left for them immediately and privately.

Additionally, trusts allow you to remain in control of how your wealth is distributed, even after you’re gone. The terms and guidelines of a trust are highly flexible, meaning you can customize them to suit your needs and wishes. This can be especially favorable for a family with complex dynamics or a unique financial situation. Finally, trusts allow for greater asset protection and tax benefits.

You Can Count On Our Dedicated Sacramento Trust Attorneys To Help You Protect What Matters Most!

It’s understandable to feel overwhelmed or even intimidated by the trust process, but Karpel Law Firm is here to explain your options and encourage you each step of the way. Discover more information today by calling to schedule your free consultation!

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