Trusts are not just for millionaires. They are important estate planning tools that can be immensely valuable for people from diverse walks of life.
The primary goal of a trust is to avoid the extraordinary expense, delay and hassle associated with the probate process. All wills are subject to probate. Trusts, however, are administered privately by a trustee of your choosing — not the probate court. A carefully drafted trust can help you direct your resources toward a more meaningful purpose than court expenses and attorney fees. Indeed, the cost of getting a well-crafted trust is miniscule compared to the extraordinary expense of a probate proceeding.
At the law firm of Robert G. Petrovich, Attorney at Law, near Pasadena, our trusts and estates lawyer is well-versed in all types of trusts. We can help you determine the right choice for your situation.
Depending on your circumstances, you may wish to consider:
You can carefully tailor any of these trusts to reflect your specific wishes — even incorporating certain incentives or contingencies clauses to have a lasting influence well beyond your lifetime.
Analyzing the many available estate planning options can be overwhelming. You may be bombarded with advice from well-meaning friends and relatives. To truly maximize the value of your estate planning opportunities, it is essential to seek advice from a legal professional.
We have provided trusted estate planning guidance for multiple generations of clients. You can work collaboratively with us to develop a thorough plan that is carefully tailored to fit your needs, benefiting from Bob Petrovich’s time-tested knowledge and 35-plus years of experience.