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To the general public, a trust may seem like an advanced tool only for the wealthiest among us. But, the reality is that trusts are a foundational estate planning tool with a solid history for being highly effective in ensuring a person’s wishes are carried out. The process begins with the maker of a trust – commonly referred to as the trust maker, grantor, settlor, or trustor – transferring his or her ownership of certain assets to the trust. A trustee is then appointed to manage these assets for the beneficiary (or beneficiaries) of the trust. In a “standard” revocable living trust, you are the trust maker, the trustee, and the beneficiary while you are alive. Then your designated successor trustee and beneficiaries take over upon your passing.

Types of Trusts

There are a broad variety of trusts and options available to you to fit your estate planning needs - no matter what they are.

Seek Professional Advice

Estate planning may feel complicated, but it can be an enlightening and easy process when you have the right guide. Contact us today for an estate plan that best suits your needs as well as protects your family.

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Burris Law is a family-owned law practice based in Orange, California that specializes in Probate, Trust Administration, Estate Planning, Real Estate Law, and Business Law.
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