Santa Clarita Trusts Attorney
Helping Clients Preserve Assets for the Future
If you plan to leave your hard-earned properties and assets to your loved ones after you pass away but you don’t want them to endure the hassle of the probate process, then you should meet with our experienced legal team at O'Hare Law Office to discuss selecting and setting up a trust as part of your estate planning strategy.
To schedule your appointment with our friendly team in Santa Clarita, please call us today at (661) 250-6861.
What Is a Trust?
When you use a trust to protect your assets, you are creating a separate legal entity to hold and invest money into for another party’s benefit. The person who will inherit the contents of the trust is called the beneficiary. The person in charge of administering the trust is called the trustee. Most trusts explicitly state that the trustee must wisely invest the funds in bonds, certificates of deposit (CDs), or other low-risk investments. If the trustee makes smart financial decisions, the beneficiary will get the maximum return when the trust is administered. Many of the clients we represent also establish trusts to leave gifts for charities and nonprofit organizations that are important to them.
Types of Trusts We Handle
O'Hare Law Office in Santa Clarita proudly offers the reliable and seasoned legal representation you need to add the right trust to your estate plan so that you feel confident that your loved ones and legacy will be protected in the future. Call or visit our law firm today to discuss how the following trusts might benefit you:
- Revocable Living Trust: This type of trust is set up separately from your will but combines with it to ensure all of your final wishes are respected and properly executed. Most clients who come to us to set up revocable trusts do so to avoid probate and costly estate taxes.
- Irrevocable Life Insurance Trust: This type of trust is used to hold life insurance proceeds while keeping the funds outside your estate for tax purposes.
- Marital Trust: Married couples use this type of trust for tax purposes and to protect specific property they owned before their marriage. If you have remarried or have children from other marriages, then you should consider adding this type to your estate plan.
- Special Needs Trust: If you have a child or loved one in your life who is mentally or physically disabled, then you should consider setting up a special needs trust to leave them assets and to keep funds from government benefits for medical care and other necessary day-to-day expenses.
Comprehensive Trust Administration Services in Santa Clarita
Our skilled legal team is equipped to handle all matters involving trusts, including trust administration. So whether you need legal advice regarding which type of trust is right for your situation or contesting the way a trust was disturbed following the death of a family member, we will gladly walk you through the legal process and help create a plan that is fully cohesive and aligns with all of your estate planning goals.
Discuss all of your options with a professional attorney before taking the next step.
Our team has a wealth of knowledge to offer for your estate planning matters.
An All-Encompassing Solution
We can help you create a plan that is fully cohesive and in alignment with your best interests.
Our insight and years of estate planning experience afford us the ability to make things easier.
Edward is very knowledgable and patient when answering all your questions, no matter how many times you ask.- Athena
He was extremely patient and answered my many questions no matter how many times I asked the same question.- Carol F.
He is not only professional and respectful but very easy to talk to.- Virginia
I haven’t spent a lot of time with attorneys in my day, but I’d recommend Edward O’Hare to anybody looking to create a living trust, especially in the law-addled state of California.- Jeff
He worked with our schedule, and his thoughtfulness and willingness to not only meet but EXCEED, our needs was refreshing!- Suverna