Elizabeth A. Tresp, Attorney at Law, has extensive experience with trust drafting, administration, and litigation. As an accomplished litigator, experienced trust administrator, and tax attorney with a Master of Laws in Taxation, Elizabeth A. Tresp, JD, LL.M. is uniquely qualified to identify the best approach for your particular need.
Trusts are defined by California Probate Code section 82(a), and can come in a number of forms. Trusts may be revocable, sometimes known as a “Living Trust,” or irrevocable. Both include a number of elements that define the assets held within, designate your beneficiaries, and designate a trustee to manage the trust assets and income for the economic benefit of your beneficiaries. Both forms of trusts are indispensable elements of your estate plan.
Assets in a trust, other than a testamentary trust, most often will avoid the probate process and the associated statutory fees. With the guidance of Elizabeth A. Tresp, Attorney at Law, you can ensure that your assets are protected and that your beneficiaries are able to avoid the stress and expense that the probate process can cause. A will, alone, is not enough.
A trust can also prove critical to avoid conservatorship proceedings if you ever become physically or mentally incompetent before your death. Trusts can take many forms, including:
- Revocable Living Trust
- Irrevocable Trust
- Generation-Skipping Trust
- Special Needs Trust
- Qualified Personal Residence Trust (QPRT)
- Qualified Terminable Interest Property Trust (QTIP)
- Irrevocable Life Insurance Trust (ILIT)
- Grantor Retained Interest Trust (GRIT)
- Grantor Retained Annuity Trust (GRAT)
- Grantor Retained Unit Trust (GRUT)
- Charitable Trust
- NFA Trust (Gun Trust, Title II Trust, ATF Trust, or Class 3 Trust)
Contact us today
Elizabeth A. Tresp is an excellent Estate and Trust Litigation attorney in San Diego County, with offices in Solana Beach and Pacific Beach. Not all lawyers are equal. If you need a proactive, knowledgable, and effective Estate Planning lawyer, call Elizabeth A. Tresp, Attorney at Law today: 888-814-5552 or contact us online to schedule a free initial consultation.