Castro Valley Living Trust Lawyer
Need Help Creating a Revocable Living Trust? Call (510) 344-2599.
Randick O’Dea Tooliatos Vermont & Sargent personally consult with our client as often as necessary to ensure that you understand the nature of living trusts, including tax-related issues and amendment situations. Our personalized service is why our clients recommend us again and again to their friends and family.
What Is A Living Trust?
A revocable living trust is a legal entity formed to hold and control assets. A person can place assets into the trust, and upon their passing, these assets are managed by successor trustee up to and through their final distribution. Revocable trusts are flexible documents that can be updated, amended and revoked during your lifetime.
Benefits of a revocable living trust include:
- Easy to update throughout your lifetime
- Cost of post-death distribution nearly 1/10th the cost of probate
- Tax saving structure
Who Needs A Living Trust?
A revocable living trust can help a wide range of people. Here are some common situations in which a living trust may be beneficial to those who are:
- Seeking a choice over asset distribution while bypassing the probate process. Upon the death of the creator, a living trust allows assets to be transferred easily to chosen beneficiaries without needing a court order.
- Seeking privacy. Unlike a will, which becomes public record at probate, the terms of a living trust typically remain secret.
- Those who want an easy and affordable process. A revocable living trust can streamline administration and reduces the delays and costs associated with probate.
- Concerned about the possibility of becoming incapacitated. A living trust may be used to plan for incapacity. A person can be named as a successor trustee who can manage your assets and make financial decisions on your behalf.
- For those with blended families, small children, or special asset distribution instructions, living trusts allow flexibility and personalization. Your assets will be dispersed in accordance with your wishes and provide continuing support to loved ones.
At Randick O'Dea Tooliatos Vermont and Sargent, our living trust lawyers in Castro Valley and Pleasanton provide personalized solutions backed by decades of collective legal experience. We understand that all clients have unique needs and we toward creating tailored estate plans that will cover your needs and goals.
To determine if a living trust is right for you, contact us to schedule a consultation with one of our revocable living trust attorneys at our offices conveniently located in Castro Valley and Pleasanton. During this consultation, we will discuss your circumstances and provide guidance on the most suitable estate planning strategies that will work for you. Do not hesitate to reach out today.
How To Create a Revocable Trust
Creating a revocable trust requires an individual to do most of the work upfront so the distribution of your estate is obstacle free in the future. The process of creating a revocable trust includes the following steps:
Catalog all of your assets
Name your beneficiaries
Assign your trustees
Include any property on the trust
List your assets
Procure investment certificates
Include beneficiaries in your bank and insurance company
Sign new deads
Establish a “pour-over” will that includes future assets to your trust.
Trusted Estate Planning Services, Serving Castro Valley
Our Alameda County estate planning attorney has helped many individuals and families with customized estate plans, including creating trusts of all types. Whatever your legal needs may be, we strive to empower each of our clients with the knowledge to make informed decisions by de-mystifying the legal process. Our firm brings extensive experience, including backgrounds in business law, commercial law, and estate planning, to each case. We strive to deliver customized planning that is catered to your specific goals. Our experience in the field and our devotion to providing clients with effective service has made our firm a trusted name in the community.