Trusts Lawyer Benjamin Graff provides customized estate planning solutions which include the strategic use of Trusts. With a well-drafted and properly funded Trust as an integral part of your estate plan, you can maintain control of your assets now while also helping your family avoid additional expenses and hassles after you are gone. Temecula Trusts Attorney Benjamin Graff will help you establish one or more trusts to achieve your legal objectives and ensure the efficient distribution of your assets upon your death. A Trust can assist your estate by helping to avoid probate, offer protection from creditor claims, and minimize tax obligations. As a skilled Trust Administration Attorney, Mr. Graff will clearly communicate your intentions in order to ensure your wishes are respected after your death. Your estate will be distributed within the financial and legal parameters that you have directed in the Trust. In an efficient and cost-effective manner, Temecula Trust Administration Lawyer and Trusts Attorney Graff provides personalized, experienced legal counsel. He takes the time to explain your options, and he is dedicated to guiding you toward making financially wise decisions. Call Graff & Associates at (951) 775-2364 to arrange for a confidential consultation. Should I Create a Trust? A Trust is a contract in which you appoint one or more persons to hold and manage your property. By creating the Trust, you are able to name yourself as the trustee. You will also name a successor trustee to manage the affairs when you are no longer able or willing. As an experienced Trusts Lawyer, Mr. Graff will explain the different Trust options, including: • Living Trusts become effective the instant they are created. • Testamentary Trusts become effective after you die and are often created at the same time as your will. • Revocable Trusts allow you, the trustee, to maintain control of your assets. You may also make changes to the Trust. • Irrevocable Trusts hold title and control of the assets. No changes are accepted. Temecula Trusts Lawyer Graff will help you create a trust which is customized to your unique situation. Among the additional Trust options are Spendthrift Trusts, Special Needs Trusts, Charitable Trusts, Dynasty Trusts, Asset Protection Trusts, and Generation Skipping Trusts. Trusts can also be very useful in business succession planning. Why Do I Need a Revocable Living Trust? Revocable Living Trusts can offer many benefits to you now and to your family in the future, including the following. Probate Avoidance With advance planning, you can save time and money. In a Revocable Living Trust, your assets will not go through the lengthy and costly probate process. Control When creating a Revocable Living Trust, you will decide how your assets are to be divided. You can also change the provisions during your lifetime. Assets can be moved freely in and out of the Revocable Living Trust without negative tax implications. Privacy In contrast to probate, the terms of a Revocable Living Trust do not have to be disclosed in court. Your personal information remains private. Tax Savings With a Revocable Living Trust that is properly drafted, you can avoid paying excessive estate taxes. Temecula Trusts Attorney Benjamin Graff can help you customize the Trust to fit your goals. You may add a disinheritance clause and spendthrift provisions. In addition, you may also provide specific gifts for heirs and outline the conditions for the distribution of funds in relation to age, college, and vocation. Trust Administration Lawyer Representation in Temecula, California Trust administration is the process of distributing the Trust’s assets. As a knowledgeable Trust Administration Attorney, Mr. Graff provides skilled advice and counsel to ensure the proper administration of the Trust. It is critical for successor trustees to follow the advice of an experienced Trust Administration Attorney because the process must be handled in accordance with the terms of the Trust and within the boundaries of the law. Several steps are required in a specific timeframe, including: • Serving Required Notices • Collecting Assets • Dealing with Real Property • Coordinating Necessary Appraisals • Paying Debts • Preparing and Filing Estate Taxes • Producing an Accurate Trust Accounting • Distributing Assets Trust Administration Attorney Graff skillfully guides trustees through the Trust administration process. He explains the legal rights and obligations of the trustee and the importance of staying ahead of required deadlines. Contact an Experienced Temecula Trusts Lawyer At Graff & Associates, we understand the emotions and family dynamics which may complicate the process of making decisions about your future or administering the trust of a loved one. Temecula Trusts Attorney and Trust Administration Lawyer Benjamin Graff can help you maintain focus and achieve your legal goals in a cost-effective manner. Request a private, in-depth consultation by calling (951) 775-2364, or contact Mr. Graff by email. We look forward to providing personalized legal services as you create or administer a Trust.