06 Mar Why Do I Need A Trust Anyway?
Before we answer that question, we first want to ask another question: Do you need a Will? Most people would say that yes, they need a Will. Well, a Living Trust is simply a Will that is more comprehensive and flexible. The average cost of a Will in Orange County is $650. The cost for a Trust at the firm starts at $950.
And the best part of a Trust is that you save thousands of dollars (in most cases, tens of thousands) in probate costs and legal fees. If a Living Trust is executed properly, you have provided peace of mind for you and your loved ones, saved thousands of dollars and have complete control over all your assets!
Now, if you don’t have any need for a Will, you won’t need a Trust. Some may ask, “How do I know whether I need a Will? If you are married, have children or own assets, you most definitely need a Will. However, a Will alone will not save your assets from probate. Only a Living Trust can do that.
If you don’t have a Will, the state of California will distribute your property according to its own rules. This is a result that should definitely be avoided since it takes away all of your control regarding how your assets are distributed. Instead, take matters and your future into your own hands and start planning now!