trusts
Trusts can provide a more structured and efficient way to manage and distribute assets. At the creation of a trust, you transfer ownership of your assets directly to the trust itself. This transfer allows you to manage these assets during your lifetime, choose a more efficient distribution of these assets upon your death, and helps beneficiaries avoid the expense and lengthy process of a probate. A well-structured trust may also be able to avoid conservatorship after an unforeseen instance of incapacity.
Special Needs Trusts
A special needs trust is designed to provide for a beneficiary with disabilities without jeopardizing their eligibility for government benefits.
- Benefit preservation: Allows for a beneficiary to receive a distribution from a trust and still maintain eligibility for certain government benefits like Medi-Cal and SSI
- Choice of Trustee: Allows you to choose the person who will manage the assets for your beneficiary
