San Jose Revocable Trust Lawyer
Personalized Plans for Those in Santa Clara County
A revocable living trust may be established to determine who will get what of your assets when you pass away. It may be beneficial for you to make your living trust revocable, in case you wish to change or revoke the trust at any point. Revocable living trusts are known as living trusts because they are created while you, the grantor, are still alive.
The property you wish to transfer into the trust must be included in a list with the trust document. Property that is titled under your name, however, must be retitled in the name of the trust. To ensure that your title is correctly transferred over, contact a San Jose estate planning attorney from the Law Offices of Timothy D. Henry. Assets in trusts that are not properly transferred may have to go through the probate process.
Have questions? Your initial consultation is free. Contact a living trust attorney in San Jose at Law Offices of Timothy D. Henry via online form or call (408) 643-0942.
What Are the Benefits of a Revocable Living Trust?
An irrevocable trust cannot be changed or canceled once it is established. Grantors can remove assets from a revocable trust, change the trust's terms, and revoke it at any time. Revocable living trusts allow grantors to have flexibility and control over their assets and property in the trust while they are alive. Once the grantor passes away, the items in the trust may be transferred to beneficiaries or beneficiaries' trusts without being subject to the probate process.
Funds in a trust may be used to fund children or grandchildren's education, as well as provide for a spouse if the grantor should pass away before them. Trusts, unlike wills, are private documents, and will never be viewed by a person who is not included in the trust. Revocable living trusts may also support you and your family if you become unable to work or require long-term care.
Are you unsure if a trust will work for you? Our San Jose revocable trust attorney can help you understand the pros and cons of creating a trust, as well as help you explore other estate planning options that may be suitable for you. Reach out to us to request a consultation -- your first consultation is free of charge.
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I Represent Clients All Throughout Santa Clara County
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Hear it From Our Clients
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“I am grateful for the professional services of Timothy D. Henry in establishing my Living Trust. His compassionate guidance was with me every step of the way.”- J.F.
