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This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)
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Inheritance through a Living Trust
Have you heard of living trusts ( living trusts )?
In the United States, living trusts are frequently used in estates, the most typical being the Revocable Living Trust ( Revocable Living Trust ). Establishing a Revocable Living Trust and making your estate a trust estate generally has the following advantages
( 1 ) During your lifetime, you are free to own ・ and manage your property as you always have.
( 2 ) You can appoint a person whom you trust as Successor Trustee ( Successor Trustee ) in advance, so that if you become unable to manage your property due to illness or old age, you can leave the property to that person.
( 3 ) Upon death, the trust estate is not subject to probate ( court-supervised probate ) and can be distributed to the beneficiaries by the successor trustee or arranged to continue to be administered for the beneficiaries.
Estate planning with a living trust is the most adaptable plan because it can be prepared for a variety of situations.
Merritt Law Firm can assist you with estate planning and estate planning by creating a living trust that is carefully tailored to your unique situation. Please feel free to contact us for more information.
Certified Specialist in Estate Planning, Trust&Probate Law by The State Bar of California
- Posted : 2024/05/23
- Published : 2024/05/23
- Changed : 2024/05/23
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