Tips for Setting up a Living Trust

To protect your assets and your family’s financial future, you may wish to speak with a lawyer with Bakerink, McCusker & Belden who specializes in estate planning. A lawyer in Tracy with Bakerink, McCusker & Belden can help you establish a living trust. A living trust is much more than a document. It’s a funded entity. With the help of your living trust attorney, you will need to transfer your assets to the trust . Since you can serve as the trustee of your own trust, you will maintain full control over your assets.

As you’ll learn by watching this video, you should consider transferring assets such as bank accounts, stocks, bonds, securities, and other investments to the trust. However, for tax reasons, it’s usually best to avoid transferring annuities or IRAs to a living trust.