Sacramento Trust & Estate Attorneys
Each of us works hard to accumulate wealth, and has intentions for how it should be passed on to our loved ones after our death. It’s also likely we have strong ideas about who should handle our care if we become incapacitated. Wills and trusts are the means of legally enforcing these desires. Our Sacramento probate and estate planning attorneys can provide comprehensive guidance through the process of creating a tailored estate plan, aimed at ensuring your plans are executed as you intend.
Wills & Trusts in Sacramento
Planning one's estate starts with creating a last will and testament, where we designate beneficiaries for our assets and address the guardianship of minor children. A failure to create a will would trigger California's fixed method for asset distribution, and guardianship would be determined by the courts. The results may deviate significantly from what our wishes would have been.
Estate planning can include power of attorney arrangements, which designate an individual we trust to oversee vital medical decisions and finances, should we become incapable of managing them.
The Benefits of Establishing a Trust
Establishing a trust takes estate planning to the next level and offers several advantages. Clients can choose from different trust structures, which can be personalized based on their needs. These advantages include:
• Providing customization for asset distribution in accordance with the client's wishes. For example, a client may want to spread out the inheritance over time, withholding it all at once from their heirs. Concerns over tax issues or an adult child's financial management abilities are two instances where inheritance is regulated over time. The inheritance may also be given out at social milestones, such as completing college or getting married. Our Sacramento probate and estate planning attorney can help design personalized trusts for clients.
• Transferring inheritances to a trust safeguards heirs against potential liability. Assets in a trust don't belong to an individual, but rather to the trust itself. So, when an heir goes through a divorce, assets in the trust don't count as the property that must be divided. Also, trust assets can't be accessed by creditors, thereby fending off financial risks.
• What if an heir is an adult with disabilities who qualifies for government assistance? A trust could be structured in a manner that allows the heir to receive the inheritance over time. This avoids disqualifying them from government programs that have stringent income restrictions.
The grantor themselves can benefit from a trust while still alive. Trusts provide protection from liabilities and offer prospective tax breaks. Depending on the circumstances, our Sacramento probate and estate planning lawyer can recommend a sound approach for selecting and designing a trust.
Huber Fox is our family attorney. Jonathan is honest and always has his client's best interests when making decisions.- Laurie G.
Jonathan Huber provided expert legal advice, in a timely fashion and guided us through the entire process with genuine concern and attention to detail. We’d highly recommend his services.- K. Hernandez
Jonathan Huber and his staff demonstrated the highest standards of professionalism with attention to detail and consistently prompt turnaround.- Chris S.
On behalf of my late son and myself, I want to thank you all for your help & kindness during this terrible time.- Former Client
Jonathan Huber and his staff made it easy to get our trust set up through his office.- Sunny O.
Huber Fox, P.C. was very helpful in going through the probate court process- Former Client
I will always recommend Huber for any future family trusts and wills etc.- Amber H.
Jonathan Huber and Benjamin Fox spent many exhausting hours on my case. They were thorough, meticulous, honest, and reassuring, and the result was… my case won! These men are like family to me now, I can call anytime!- Former Client
Trust & Probate Administration
Appointing someone to handle the probate or administration of a trust is another important decision in estate planning. Even basic probate processes can involve meticulous legal requirements. Trust management often entails complex financial and legal issues.
Furthermore, the administrator bears fiduciary duties and could face legal action if heirs feel that the deceased's wishes are not honored. Huber Fox's extensive experience in all aspects of estate planning enables us to guide clients through the administration process, alleviating the burden from the grieving family.