Trusts are great estate planning tools meant to protect your legacy for your family. However, not all trusts operate the same way, just as there are different types of trusts for different types of beneficiaries. Let our Sacramento trust attorneys explain some of the important considerations regarding trusts for children. Trusts for Children: The Basics [ ] The post Sacramento Trust Attorneys Discuss Trusts for Children appeared first on Northern California Center for Estate Planning and Elder Law.
When it comes to the potential need for long-term care, Medi-Cal planning is needed to protect your assets, especially your home, from Medi-Cal recovery. One way to do that is to create an irrevocable Medi-Cal trust. But, what if you want to revoke that trust later on? Here is what you need to know. The [ ] The post Medicaid Trusts as Part of Medi-Cal Planning appeared first on Northern California Center for Estate Planning and Elder Law.
A Domestic Asset Protection Trust has many benefits but some asset protection attorneys recommend against them because of issues that may arise.
As all Sacramento estate planning attorneys know wills and trusts serve different purposes when it comes to estate planning.
The basic purpose of estate planning is to prepare for the possibility of incapacity and for death. Your estate plan can include various types of estate planning tools, including trusts and wills. The variety of estate planning strategies that are available allows you to customize a comprehensive estate plan to fit your needs. This article [ ] The post What Experienced Estate Planning Attorneys Know About Trusts and Wills appeared first on Northern California Center for Estate Planning and Elder Law.
A trust can be a very useful estate planning tool, particularly because they can help you to minimize estate taxes and possibly avoid probate. Trusts are essentially fiduciary agreements, meaning they are built on trust and confidence, between the grantor (the person making the trust) and the trustee. The trust agreement gives the trustee the [ ] The post Sacramento Trust Attorney Discuss Various Trusts and Their Benefits appeared first on Northern California Center for Estate Planning and Elder Law.
Trusts are one of many important tools that can be included in an overall estate plan. A discretionary trust is a particular type of trust that provides the trustee with broad discretion regarding how the trust property is managed and distributed. Unlike a fixed trust, beneficiaries of a discretionary trust can only receive distributions from [ ] The post Trust Lawyer Explains the Discretionary Trust appeared first on Northern California Center for Estate Planning and Elder Law.