| Alan R. Horvath, Attorney at Law |
| Estate Planning - Trust |
By creating a trust you form a legal entity, your trust, place your assets in it, and give the trustee ownership control
over those assets. As a result, a trust is significantly more complex, and expensive than a simple will. However, a trust
creates several significant estate planning benefits not available with a will.
Avoids Probate -
Because your assets are in the trust, they are not subject to the probate process at your death. Your trustee can
begin immediately to distribute your estate according to your instructions in the trust.
Make gifts of Use only -
With a will, your gifts are absolute. The person receiving them can dispose of them in any way they want at their own
death. By contrast, with a trust you can give someone access to the use of an asset, or to the income from it, and still
retain the ability to give the asset itself to a third person at the death of the original beneficiary.
Estate Tax Reduction -
For married couples with sufficiently large estates, it is possible for a trust to be written in a way that effectively
doubles the total assets that can be passed without estate tax.
over those assets. As a result, a trust is significantly more complex, and expensive than a simple will. However, a trust
creates several significant estate planning benefits not available with a will.
Avoids Probate -
Because your assets are in the trust, they are not subject to the probate process at your death. Your trustee can
begin immediately to distribute your estate according to your instructions in the trust.
Make gifts of Use only -
With a will, your gifts are absolute. The person receiving them can dispose of them in any way they want at their own
death. By contrast, with a trust you can give someone access to the use of an asset, or to the income from it, and still
retain the ability to give the asset itself to a third person at the death of the original beneficiary.
Estate Tax Reduction -
For married couples with sufficiently large estates, it is possible for a trust to be written in a way that effectively
doubles the total assets that can be passed without estate tax.
P.O. Box 81
37 Main St., Suite 202
San Andreas, CA 95249
37 Main St., Suite 202
San Andreas, CA 95249
| Fax: 209 754-5293 |
| ahorvathlaw@sbcglobal.net |
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| Estate Planning By Phone for Any California Resident |