Living Trust FAQs

A living trust, also known as a revocable trust, is a separate entity that is created to hold your assets. It exists independently of you and your spouse. As a result, when you and your spouse pass, the living trust survives and the assets can get moved to your children without having to go through probate.

• Avoid the hassle of Probate.  In California, assets totaling over $184,500.00 go through probate.  Your family can avoid the costs of probate by setting up a living trust.  Currently, if you pass with a net worth of $1 million dollars (which is the median price of homes in many parts of Southern California), the estimated probate fees are currently $46,000.00.  Your family can save on these costs by setting up a living trust so they can inherit without having to pay probate fees.

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• Protect your privacy.  Going through probate court is a public process and filings in probate court become public documents.   A living trust is completely private and does not get filed with any court

At Entrust Law, we not only set up your living trust, we will also draft the following estate planning documents and include them as part of our comprehensive living trust package:

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• Declaration of Revocable Living Trust

• Pour-over wills for both you and your spouse

• Power of Attorney for finance for both you and your spouse

• Power of Attorney for healthcare for both you and your spouse

• Nomination of Guardian form for minor children

We believe each client has individual estate planning needs.  As such, we take the time to consult one-on-one with each client and draft trust documents to tailor them exactly to our client’s needs.  We also offer unlimited consultation with our attorneys at no additional charge.