Establishing a revocable living trust can help you maintain control of your assets during your lifetime, and will ensure that a qualified representative of your choosing will continue the chain of control in the event that you become incapacitated or pass away. Revocable living trusts go hand in hand with wills, and attorneys at the Evans Law Firm, Inc., a San Francisco elder law, estate and trust law firm, recommend that their clients set up both, to better outline their future plans for their assets, finances, and affairs.
At the Evans Law Firm, we specialize in designing trusts that encompass all of your needs, keeping up-to-date with the latest state laws, requirements, and allowances. Your future plans should incorporate everything and everyone important in your life, and we want to help you articulate exactly how everything should be handled. Common trusts for our clients include:
- Irrevocable Trusts
- Life Insurance Trusts
- Revocable or Living Trusts
- Retirement Trusts
- Minors’ Trusts
- Charitable Trusts
- Dynasty Trusts
- Exemption Trusts
- Pet Trusts
- Special Needs Trusts
At our San Francisco living trust law firm, we will sit down with you and discuss these and several other options available to you in establishing your trust, and work with you to determine which trust will work best for your situation and your needs. Having a trust in place will give you financial peace of mind, knowing that you have taken control of your life and your future, no matter what it holds.
The most common type of trust to establish, especially while you are still in good health, is a revocable living trust. With a revocable living trust, you are able to make changes and adjust the trust terms as you need to, or dissolve it altogether if necessary. This type of trust allows you to accommodate unexpected changes in your financial situation, the addition or loss of family members and loved ones, and your changing needs as you grow older. As you accumulate more wealth and financial worth, your assets in your trust will grow as well. A revocable living trust also allows for the separation and division of assets, which is particularly useful for married couples.
Creating a living trust typically allows you to avoid probate, which could be time-consuming and draining on your estate and heirs. Probate also puts your assets and affairs in the public eye, and many people find that this is intrusive and tends to cause a more lengthy and drawn-out process. A trust can also eliminate the potential for relatives and family members to challenge your will, should they disagree with any part of it, and if you are not able to enforce your wishes.
At the Evans Law Firm, a San Francisco elder, estate and living trust law firm, our attorneys encourage you to start planning for your future with us today. Once we find the trust that is perfect for you, and fits all your needs, we will work with you to set up periodic reviews of your documentation and conversations regarding how your needs may have changed. To get started, call an Evans Law attorney today to discuss your options today – 888-503-8267 or 415-441-8669 or email@example.com.