A living trust is an entity or an agreement that permits and allows you, the grantor, to transfer, preserve and retain control over your assets while you are alive and of full capacity. You will maintain full control over your assets. You can name a successor trustee who will take over upon your death or should you become incapacitated. A living trust also provides powers of attorney for your financial and health directives. Another advantage of a living trust is that unlike a will, it is not public record, so it is not accessible to anyone, but the parties named therein. But perhaps the most important benefit of a living trust is to avoid probate. The last thing anyone wants upon their passing is to have loved ones fighting amongst themselves while the courts decide who gets what. As much we want to believe that “this could never happen in our family”, unfortunately it is all too often the case!
Call Grennier Law PC, If you are looking for living trust attorney in Ventura, Oxnard County