Creating a Trust in Alameda County
Oakland Estate Planning Attorney
There are several different types of trusts that can be used to protect
your property. One of the most common types is a living trust, which allows
you to manage it while you are still living. Trusts can be very beneficial
tools for reducing estate taxes, avoiding the probate process and setting
up a property management plan. If you are looking for an estate planning
lawyer, I have the legal experience to help. When you enlist the services
of Summerall Law, P.C., you can trust that you are receiving the highest
level of legal support. My goal is to help you understand the estate planning
process in the simplest terms possible. I will also work closely with
you to determine which type of trust will be best suit your financial
What type of property can go into a trust?
One of the main benefits of a trust is that it allows your loved ones and
family members to avoid the difficult probate process. It is crucial to
include your most valuable possessions in your trust, such as the following:
- House, Real Estate or Other Property
- Furniture & Antiques
- Collections (Coins, Stamps or Other Valuables)
- Precious Metals & Jewelry
- Bank Accounts
Once you have selected what type of property or possessions you would like
to put in your trust, you will need to decide who will inherit these items.
You will also want to designate a successor trustee or executor who will
be in charge of distributing these assets and property. If you have young
children or are considering leaving property to minors, you will want
to set up an adult to manage it for them until they turn 18. This will
prevent any future legal complications, fines, or penalties.
If you would like more information on creating a trust for your property
contact Summerall Law, P.C.
today at (415) 275-3283.