Finding the right trust solutions for an estate plan
As California residents work on estate plans, the decision about creating a trust may be a concern. A trust is perceived as protecting one's assets from the probate process, allowing for smoother and more private distribution after death. However, trusts may not always be protected fully from probate, and state laws should be considered. Many individuals believe that there are tax benefits available when a trust is established, but experts indicate that many of these benefits are primarily advantageous to those who are very well off.