Estate Planning
805 302-6313
Trustor / Grantor: Owner of the Trust
Trustee: Controls the Trust
Successor Trustee: Distributes the Assets
Beneficiary: Receives the Trust assets
A Revocable Trust Gives you the Maximum Benefit and Avoids the High Expense and Time Delay of Probate
1) Probate, 4% to 6% of Gross Estate
2) Timing of Probate, 1 to 2 years to complete
3) Public Record
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4) Contestable
5) Health Care, No Control on who makes you health care decisions when you can’t
6) Financial, No control when the estate goes into probate on who executes it.
7) Care of Children, Court Appointed and or Foster Care
1) No Probate and no additional cost.
2) Timing of asset distribution, immediate
3) Private, nothing in the Public Record
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4) Difficult to Contest
5) Health Care Durable Power of Attorney, You have total control
6) Financial Durable Power of Attorney, Directed Asset Management.
7) Care of Children, Appointed Guardian provision.