A trust is a cost efficient way to avoid the probate process and is completely private. In essence, you transfer all of your assets into a separate legal entity (the trust) so that there are no assets in your name for the state of California to probate.

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Each situation can have unique circumstances. Talk to one of our experts for free advice.

Why do I Need a Trust?

If you have an estate valued at more than $150,000 when you die, your estate could be subject to probate. This might be a car, a house, proceeds from a retirement account, or any other assets that, when combined, are valued at more than $150,000. This means that your estate must retain an attorney and go to court in order to pass on your estate. To make matters worse, the attorney and administrator fees vary depending on the total value of your estate and all wills are open to public scrutiny.

trust, however, is a cost efficient way to avoid the probate process and is completely private. In essence, you transfer all of your assets into a separate legal entity (the trust) so that there are no assets in your name for the state of California to probate. Your trustee then gathers all of your assets, pays your creditors, and distributes your assets to your heirs. Additionally, you have the ability to modify, or even terminate, your trust during your lifetime. This allows you to amend your trust, add or remove assets, or change your beneficiaries as you see fit.

With offices in Davis, Pakpour Banks LLP represents family law litigants in Yolo, Solano, Sacramento, and Placer Counties.

We fight on your behalf in divorce, child custody, visitation, child support, spousal support, domestic violence, property division, and other family law issues.

We also fight for our clients in eviction disputes, and probate disputes like guardianships and conservatorships.

1667 Oak Avenue Davis, CA 95616
Phone: (530) 302-5444
Fax: (530) 302-4044

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