Many people struggle with understanding if a will or trust fits their individual circumstances the best. Only an experienced trust attorney in Temecula can give you individual guidance. There are many times, however, when trust is better than a will.
A lot of different emotions follow the death of a loved one. They may get even more upset when they learn that they must go to probate court. If you die with only a will, then your family may have to wait months before a judge hears their case in probate court. Until that time, they cannot settle your affairs. In many cases, this slows down the grieving process.
A trust is the easiest way to make sure that your assets end up going to your family. The difference is that you can let your trust own your assets. This often means that creditors cannot come after them. You control who you name as a trustee in your trust. Many people choose a trust attorney in Temecula.
A trust also helps give added protection to any individuals with special needs. People who get help from the government are often put in a tough position when someone names them in their will. The exception is if you can leave enough money for that person to live comfortably forever. Otherwise, they must make a tough decision. They can give up government aid. Alternatively, they can put the asset in a trust that the state gets at the time of their death. They do not get to enjoy the money. When you leave money in a trust, then money is available to meet needs without hurting other benefits.
The law is constantly changing on what your family can get without paying inheritance taxes. This is particularly true of real estate. Often, unless you see a trust attorney at Oliver Law in Temecula, your spouse must pay real estate taxes on property that you own together. That is not your intent, but it is the law. If it has been a few years, then you will want to see a tax attorney again to make sure you leave your loved one in the best position possible.
For more information on Trust Attorney Temecula, Contact Oliver Law at https://www.theoliverlaw.com/, You can also follow them on Facebook.
