Guide to the Variety of Trusts Available

A trust is a legal document based on reliance and obligation to carry out the wishes of another if incapacitated or upon death. Previous assets are stored into the set up of a trust, which belongs to the trust itself, not the trustee. The trust is delegated according to the stated rules and instructions within the trust contract.

What is a Trust?

Most principally, a trust is a right in property held in a fiduciary affiliation with one party for the advantage of another. A trustee is an individual who holds the title to the trust ownership. The recipient is the person receiving the interest of the trust.

What Types of Trusts are Available?

Keep in mind, numerous varieties of trusts are offered, either revocable or irrevocable, which cannot be amended or dissolved without the authorization of the beneficiary. For these critical legal documents use us, the Coachella Valley trust litigation attorneys you can depend on.

Various trusts are available. Revocable trust, irrevocable trusts, asset protection trust, and a trust proposed to safeguard a person’s assets from claims that may arise from future creditors are trusts you might need. Charitable trusts are drafted in ways to benefit a precise charity or the public ordinarily. Special needs trust, spendthrift trust, tax by-pass trust, and the Totten trust is important.

Our Coachella Valley Trust and Estate Law Firm Has the Experience You Need

SBEMP is a Coachella Valley trust and estate law firm that helps you set up a trust. Our Coachella Valley trust litigation attorneys support and encourage your questions with efficiency and professionalism. We look forward to assisting you.

Contact us at 760-322-2275 to schedule a consultation with our trust and estate lawyers.