Do I Need A Trust In My Estate Plan?

There can be many reasons to create a living trust, a revocable trust or an irrevocable trust. There are a wide variety of types of trusts that each serves a unique purpose. But, not every estate plan needs to include a trust. It is critical that you discuss your concerns and goals with an experienced estate planning lawyer to ensure that you have the proper estate planning documents in place to achieve your planning goals.

At Bryan · Hinshaw in San Francisco, we represent business owners, individuals, parents, seniors and families in our chosen — interrelated — practice areas. Our attorneys draw on more than 80 years of combined experience to craft legal solutions that directly serve your goals. Because our lawyers have a strong command of business concerns, elder law issues, California real estate law and the legal concerns families face, we are able to provide focused guidance in estate planning matters that does not lose sight of the big picture. Your goals are paramount and our integrated legal knowledge and experience are your advantage in assuring that your family is well-protected in your estate plan.

Trusts are valuable tools that offer many benefits, such as:

  • Allowing you to quickly transfer assets to beneficiaries after you pass away
  • Reducing the costs associated with probate and estate taxes, when appropriate
  • Protecting assets, including in advance planning for elders
  • Maintaining family privacy related to assets and asset distribution

Common trusts that families create to manage assets include:

  • Special needs trusts, which allow you to provide resources for a child or adult with special needs without adversely impacting his or her eligibility for government benefits such as Medi-Cal and Medicaid
  • Revocable living trusts, which can be easily modified or amended during your lifetime
  • Irrevocable trusts, which are beneficial for tax planning, as well as investment purposes

Our estate planning and trust administration lawyers will explain the pros and cons of each estate planning instrument to allow you to make informed decisions about how your legacy should be structured.

Make The Call To Protect Your Legacy

One call can make a difference. Contact us online or call our office in the heart of the financial district in downtown San Francisco at 415-906-3085 to arrange an initial interview or paid consultation. We offer flexible fee arrangements, including flat-fee options. Our attorneys provide estate planning services for clients throughout the Bay Area.