Trusts

In San Diego, the probate process can be costly and time consuming, but can be avoided with the creation of a Revocable Trust (also called a Living Trust).

A Trust is a separate entity that holds your assets, names beneficiaries for your assets, and avoids probate while allowing you to maintain control over your estate. You can also include provisions that maintain control over money to minor beneficiaries, care for the special needs of a disabled beneficiary, and limit the ability of beneficiaries to contest the distribution of assets.

There are many options when creating a Trust:

• Revocable Trust / Living Trust
• Marital Trust
• AB Trust
• ABC Trust
• Irrevocable Trust
• QDOT (Qualified Domestic Trust)
• QPRT (Qualified Personal Residence Trust)

A full assessment of your situation is needed to decide which option is best for you and your family.