– Not only death benefits but also living benefits – Not just for the elderly and the wealthy
A guardian is responsible for caring for the child on a day-to-day basis if the heir is unable to raise the child.
The trustee/executor is responsible for overseeing the collection of assets, the payment of taxes and other final costs, and the distribution of assets to beneficiaries.
Living Trusts and Wills: Both wills and trusts are legal documents that manage your estate, but they are created under different laws. Trusts fall under contract law and wills fall under will law. Contract law is subject to stricter standards than will law. That is, living trusts generally replace wills. Call 661-977-3371 to make an appointment to set up a Family Living Trust with this month’s promotion. Visit our website camulivingtrust.com.
Here are some comparisons to consider:
Living Trust:
Valid for life
Skip probate court
easy to change
Nominal Guardianship/Parental Authority
Assets are transferred immediately
remain private
Affordable at CaMu
versus.
Intention:
Active on Death
go through probate court
easy to change
Child’s guardian’s name
Transferring assets can take time
become public
affordable
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