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Using A Trust To Safeguard Your Wealth And Your Legacy

Most adults understand the importance of drafting and updating their wills. Fewer recognize the advantages that a trust can provide to both the grantor (the person creating the trust) and their beneficiaries.

You do not have to need to have complex assets to draw benefits from this legal tool. Our estate planning attorneys at Edsall Law have helped countless upper- and middle-class families establish trusts for a variety of purposes. When you consult with us, we can determine whether this instrument will serve your interests.

How Trusts Differ From Wills

Wills are critical documents for any estate plan because they can establish how property will be distributed and identify guardians for minor children. This document can streamline the probate process in California but not avoid it. If you leave a valid will, the document will need to be probated before your beneficiaries receive their inheritance.

A trust does not need to be probated, which allows your beneficiaries to keep the terms of their inheritance out of the public realm, avoid paying court fees to probate the estate and begin the distribution process promptly.

But trusts not only benefit your loved ones after your passing. You can design your trust to safeguard your interests while you are alive, as well.

Using A Trust To Protect Your Current And Future Interests

At Edsall Law, we are equipped to create and help you administer trusts that:

  • Legally limit your tax obligations
  • Shield your assets and property from creditors, former spouses or other parties
  • Create a fund for a special needs child, allowing your loved one to remain eligible for benefits while providing for other needs
  • Establish the terms of the distribution of your wealth to children, grandchildren, charities and other parties
  • Enable you or your spouse to qualify for Medi-Cal benefits

California’s trust laws are notoriously complex. Failing to file the appropriate documents could have serious legal and financial repercussions. Our attorneys are well-versed in these laws and the laws that govern trust administration.

We have the knowledge required to establish a trust and help you fulfill your duties as an administrator. For over 35 years, our founding attorney, David Edsall, has represented clients on estate and trust matters. Katherine Edsall Wells, our shareholder partner, is certified as a specialist in estate planning, trust and probate law by the California Board of Legal Specialization. Together, they are able to identify and implement an approach that aligns with your goals today and in the years ahead.

Contact Us To Learn More

Confused about the difference between an irrevocable trust and a revocable trust? Need assistance with a special needs trust or a charitable trust? We are here in Camarillo, and we are ready to answer your questions. Arrange your private consultation today via our online form or by calling 805-633-5140.