A Trusts Attorney in Redlands, CA can help people in numerous ways. Unfortunately, there are just too many people who don’t know the benefits of using trusts. Someone who is finding out for the first time how a trust attorney can help them might be shocked. Finding out about the power of trusts can do that to a person.
Controlling Assets
A great reason to hire a Trusts Attorney in Redlands, CA is for better management of assets. A beneficiary might not want to manage the assets that they are being given. They might not even have the capability of doing so. For example, a person who has a disability might not be able to control any assets that they are given. A trust can help protect that person and their assets. Anyone who wants help with a trust can visit Betty Auton-Beck Professional Law Corporation.
Asset Protection
Another benefit of using trusts is asset protection. Trusts can be used to guard assets from a failed marriage and creditors. What if a beneficiary is easily influenced by others? Having a trust can help protect assets that person gets. There are rules in place that prohibit people from transferring assets into a trust to avoid certain claims. However, some people engage in trust planning well before they actually face any problems. Anyone who wants to better understand the protection that trusts can give should consult an attorney.
Overseeing How Assets Are Distributed
People can also use trusts to determine how assets are handed out. For example, a parent setting up a trust for a child can have money handed out to them at ages 21, 25, and 30. By doing so, they don’t have to worry about the money being spent all at once. They might want their child to be more mature when they have access to larger amounts of money. How the trust is structured is completely up to the parent. There can also be conditions in the trust.
A trust can be used as a powerful tool. It’s crucial to work with a lawyer to help stay within the law when making a trust. You can also visit them on Google My Business.
