Advantages of Having a Trust

When you pass away, you can use trusts to pass your wealth on to the next generation. The assets in a trust do not have to go through probate. Trusts also grant you a greater degree of control over your assets.

If you are interested in using trusts in your estate plan, let us assist you. We are Law Offices of Brian A. Barboza, a reputable law firm serving clients in the North Bay area of California. When working with us, you will sit down personally with one of our experienced attorneys to come up with detailed and comprehensive estate plan which includes the creation of trusts and also determine solutions for your other estate planning issues.

You have several varieties of trusts to choose from depending on how you want to handle your assets. A few of the most popular types of trusts for estate plans include:

• Revocable trusts: These trusts allow you to change the conditions of the trust or revoke the trust during your lifetime.
• Irrevocable trusts: If you want to create a permanent trust that you cannot change, choose an irrevocable trust.
• Asset protection trusts: You can use asset protection trusts to shield money and property from creditors.
• Special needs trusts: If you have a child or another loved one who has special needs, you can use this trust to set aside funding for their care.

Our attorneys, will evaluate your circumstances and have an in-depth conversation about what you want to achieve with your trust. They can explain your options and help you make wise decisions about your finances.

The biggest misconception about trusts is that they are for only very wealthy people. Anyone can benefit from using trusts in estate planning – including you. Contact us at our Santa Rosa office location to learn more about setting up a trust.