Drafting a Trust In Brentwood, California

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In Brentwood, California, a trust is an arrangement in which property is held by one person (the trustee) for the benefit of another (the beneficiary).

Trusts can serve any number of purposes. They can be set up to ensure that the child has a college fund, or to see that the beneficiary's basic needs are met, without the money being spent on frivolities.

If you want to set up a trust, you can make the beneficiary's use of the property as restricted or as permissive as you like. As a simple example, you might want to dictate that the beneficiary can only use the money for emergencies, or for basic living expenses. If the trust is carefully drafted, this is completely feasible.

Of course, the trust could also be set up to authorize the beneficiary unfettered access to the fund, or a particular amount of money could be released from the fund to the beneficiary each month, for the beneficiary to use as he or she sees fit.

What to Include in Any Brentwood, CA Trust

To establish a trust in Brentwood, California, 4 things are required. The first is purpose - the trust must be set up to serve some kind of objective, and it must be clearly stated in the document that creates the trust.

Second, there must be a trustee. This is the person who will administer the trust, and retain possession of the property or money that it contains, as well as being responsible for using it to effectuate the trust's purpose.

Third, the trust needs to have a named beneficiary. The beneficiary is the person who benefits from the trust.

Fourth and finally, there must be some money or property which is really going to be held in the trust. This property is referred to as the "corpus" (body) of the trust, and can be just about anything. However, it must really exist, and it must be identified.

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Can A Brentwood, California Trust Drafting Attorney Help?

While the elements of a valid trust are relatively simple and easy to remember, drafting a trust that is sure to be carried out according to the wishes of the person making it can still be complex. For that reason, a good Brentwood, California attorney specializing in estate planning and the drafting trusts may prove invaluable.

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Life in Brentwood

Brentwood, California is a city in Contra Costa County, California, in the East Bay region of the San Francisco Bay Area. Its population is a little over 51,000 people.

Brentwood, California's economy has evolved over the last several decades, transitioning from a mostly agriculture based economy, to one based on retail and services. Uniquely, however,  Brentwood has retained agriculture as a significant portion of its economic base, creating a diverse and vibrant economy, with a median household income of over $80,000.

Many extremely successful professionals call Brentwood, California home. These include many lawyers and other providers of legal services. 

Brentwood, California lawyers are highly competent, and are able to handle almost any legal issue just about any legal issue that their clients will face. 

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