Trust-based estate plans have a number of significant benefits for the trust-maker says Los Angeles attorney Lars Kushner
Beverly Hills, CA -- (ReleaseWire) -- 07/13/2020 --Typically, when considering the benefits of Estate Planning, it's usually in the context of surviving friends, family, and dependents. However, at the Kushner Legal Corporation, it's important to note that the use of trust-based estate plans can have several significant benefits for the trust-maker. For more go to: https://kushnerlegal.com/personal-benefits-of-a-trust/
Benefit of Estate Planning and Trusts
A common concern raised during estate planning consultations is a discussion of the impact of incapacity and how that can affect an estate plan. A critical benefit of Trust-based estate plans is it will often name a successor Trustee who can step in if the worst should occur. The successor trustee can manage Trust assets thereby sidestepping the need for undesirable and costly legal proceedings like a guardianship or a conservatorship.
In the event a trust-makers becomes incapacitated, there are actions in place to makes sure their wishes are respected. Trusts can also act as shields to protect from court interference while a trust-maker is alive and this is a significant to the use of a trust instead of a will.
Benefit of a Trust
A second personal benefit to the use of a Trust is privacy. Trusts are private processes that are administered outside of the purview of the public probate court process. Probate can be costly and time-consuming and requires the notification of potential successors, trust-based planning avoids these issues entirely.
For questions or assistance about Estate Planning, contact the Kushner Legal Corporation today to schedule a consultation.
About The Kushner Legal Team in California
The Kushner Legal Team in California was founded on the principle that a small law firm should be able to offer the same level of legal advice as a big firm at an affordable cost. A unique combination of legal experience and creativity allows the professionals at Kushner to come up with creative and practical solutions for a variety of legal problems.
For additional information, please visit https://kushnerlegal.com/ or call 310-279-5166.
Kushner Law Group
Company website: https://kushnerlegal.com/
433 N. Camden Drive, 4th Floor, Beverly Hills, CA 90210