Trusts Attorney in Roseville, California

What is a living trust?

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A living trust, also known as a revocable living trust or by various other terms, is essentially a container for holding a significant portion of your assets. The assets are titled in the name of the trust, and it functions as a living instrument, remaining effective during your lifetime. Unlike a will, which only takes effect after your passing, a living trust actively manages your assets while you are alive. In the event of incapacitation, the assets in the trust are overseen by your chosen successor trustee, someone you trust to handle your financial affairs. After your passing, the successor trustee takes the assets out of the trust and distributes them to your designated beneficiaries.

Roseville, CA estate planning & probate attorney Kristin M. Kaminski explains how a living trust works. A living trust, known by various terms such as a revocable living trust, serves as a container for holding a significant portion of one’s assets. The assets are titled in the name of the trust, and it functions as a living instrument, remaining effective during the individual’s lifetime. In contrast to a will, which takes effect only after the person’s passing, a living trust actively manages assets while the individual is alive. In the event of incapacitation, the assets in the trust are overseen by the chosen successor trustee, a person trusted to handle financial affairs. Following the individual’s passing, the successor trustee retrieves the assets from the trust and distributes them to the designated beneficiaries.

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