Estate planning offers numerous ways to manage your assets. Wills are very beneficial to families. However, there are some cases where trust may provide a better solution to meet your goals. There are various types of trusts, each with its own level of flexibility and benefits. If you have estate planning needs and would like to avoid the pitfalls of Probate Court, consider a revocable living trust.
At the Law Offices of Andrew Cohen, we can design and draft a trust that is tailored to your needs. Contact our San Luis Obispo revocable living trust attorneys today to discuss the details of your current situation. You can schedule a free consultation of your case by clicking here or calling 661-481-0100.
Why Turn to The Law Offices of Andrew Cohen
When you need help from an attorney with a comprehensive knowledge of estate planning, the Law Offices of Andrew Cohen has the solutions you need:
- Attorney Andrew Cohen focuses his service on giving clients informed choices. He works hard to understand the wants and goals of his clients and takes the time to discuss potential obstacles and future consequences.
Once he fully understands the client’s needs, he offers choices, explaining the benefits and downsides to each.
- Cohen also provides responsive communication to his clients throughout the design and drafting process of legal documents.
- In addition, Attorney Cohen has an eclectic background. His multi-industry experience in real estate development and marketing has been very advantageous to his clients over the years.
If you need an estate planning attorney who will take the time to address your concerns and walk you through financially impactful decisions, turn to the Law Offices of Andrew Cohen.
What is a Revocable Living Trust and How Will it Benefit My Family
A revocable living trust is a lesser-known trust that can have great advantages. Unlike traditional trusts, a revocable living trust enables you to control your assets while you are still alive. You may change your assets at will, and any money earned from those assets remains yours. Control of the assets is not given to your beneficiaries until your demise.
Some of the advantages to creating a revocable living trust include:
- Avoidance of Probate Court.
- You retain control of your assets and have the flexibility to change them at will.
- Your records and asset information remain private after your demise.
- With the inclusion of a credit shelter trust, you can minimize estate tax obligations.
- If you become impaired or disabled, the trust can automatically appoint your trustee to oversee your affairs without the necessity of a durable power of attorney.
- Eliminate challenges to your estate by family disputes.
- Ability to segregate assets.
Compared to traditional wills, a revocable living trust can offer significant control and flexibility while providing the asset protection you need.
Contact Our Revocable Living Trusts Attorneys in San Luis Obispo Today
At the Law Offices of Andrew Cohen, we can help you determine the best course of action for your estate planning needs. A revocable living trust can help you avoid Probate Court while still maintaining privacy and control over your assets.
Contact our revocable living trust attorneys in San Luis Obispo today. We can design and draft your trust according to your specific wants and needs. Schedule a free consultation to discuss the details of your situation by clicking here or calling 661-481-0100.
