With many tools and elements to choose from, forming an estate plan can be overwhelming. At the law office of Angeloff, Angeloff & Levine in Hemet, California, we take the time to understand your needs and goals, and to explain your options in detail. With your assets, your property, your children's guardianship and other important items on the line, it is essential to understand how the choices you make today may affect your loved ones tomorrow. Contact our law firm to arrange a consultation with an experienced attorney.
Do I Need a Will or a Trust?
While a will is the basic building block of an estate plan, a trust can allow you to do a number of things that a will cannot. For example, if you die unexpectedly and you have named minor children as beneficiaries, the trust will manage the assets for them until they can handle the responsibility on their own. A trust can also designate a trustee to manage your assets while you are still alive, should you become incapacitated. There can also be tax advantages of creating a trust.
Types of Trusts
At Angeloff, Angeloff & Levine, we have significant experience executing a variety of different kinds of trusts for our clients, including:
- Revocable living trusts: A trust that you can change at any time. A living trust typically becomes irrevocable upon the death of the grantor.
- Irrevocable living trusts: A trust that cannot be changed.
- Special needs trusts: A trust designed to allow disabled or mentally ill beneficiaries to enjoy the property or assets left to them.
- Personal residence trusts: A trust used to transfer a grantor's personal residence out of the estate at a low gift value.
Whether you should choose a trust, will or a combination of both depends on your personal goals and the size of your estate. For accurate, efficient and trusted advice, call our Hemet wills and trusts attorneys at 951-652-2000 or contact us online.










