| Alan R. Horvath, Attorney at Law |
| Frequently Asked Trust Questions |
| Phone: 209 754-5291 Fax: 209 754-5293 |
| ahorvathlaw@sbcglobal.net |
P.O. Box 81
596 Mountain Ranch Rd.
San Andreas, CA 95249
596 Mountain Ranch Rd.
San Andreas, CA 95249
What are the advantages of a trust?
A trust is a legally enforceable document by which you give one person assets to be used for the benefit or
someone else. A trust can therefore be used to advantage any time you want to control the use of your assets
over an extended period of time when you will not be able to personally supervise what is being done. While it is
common to name a family member as trustee, you can have a bank trust department serve as your trustee as well
as a licensed private fiduciary. In such cases, the trust document is the instructions which require the trustee to
act in your behalf.
In comparison to a will, a trust has the advantage of not requiring probate. This is a significant savings in time and
expense. Also, in comparison to a will, a trust takes effect immediately, and so can serve not only as a vehicle for
making post death distributions, by also as a vehicle for providing care for yourself during your life.
For married couples with a significant estate, a trust can provide a double shot at the estate tax deduction.
A trust is a legally enforceable document by which you give one person assets to be used for the benefit or
someone else. A trust can therefore be used to advantage any time you want to control the use of your assets
over an extended period of time when you will not be able to personally supervise what is being done. While it is
common to name a family member as trustee, you can have a bank trust department serve as your trustee as well
as a licensed private fiduciary. In such cases, the trust document is the instructions which require the trustee to
act in your behalf.
In comparison to a will, a trust has the advantage of not requiring probate. This is a significant savings in time and
expense. Also, in comparison to a will, a trust takes effect immediately, and so can serve not only as a vehicle for
making post death distributions, by also as a vehicle for providing care for yourself during your life.
For married couples with a significant estate, a trust can provide a double shot at the estate tax deduction.
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