Posted on Aug 16, 2018

CA Paralegal Services, Inc.

BENEFITS OF TRUST
More and more individuals are putting their assets into revocable living trusts, which are completely flexible and broadly adaptable arrangements for management, protection and distribution of a family's assets.

A living trust is created during your lifetime and is funded with most or all of your assets by simply re-titling the assets to yourself as trustee.

A living trust is LIVING in that it takes effect immediately. You continue to enjoy all the present benefits of your assets without any changes in your ability to control them.

A living trust is revocable during your lifetime, which means that its terms are changeable and assets in the trust can be re-transferred to your name if desired without adverse tax consequences.

A living trust is a private agreement where the distribution of assets under the terms of the trust is not subject to the publicity given to wills in probate proceedings.

The complete flexibility of a revocable living trust means that one can be drafted to suit your individual needs and family situation.

When you create a living trust you can act as your own trustee, so there are no management fees or loss of control. You can change or modify the trust terms at any time, change beneficiaries, add or delete assets held by the trust without tax consequences.

A living trust does not complicate the management of your assets. While protecting your property...
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