Drafting a Trust In Huntington Park, California

Find the Right Lawyer Now

In Huntington Park, 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.

A trust could, of course, be much more permissive, if the creator of the trust wants it to be. You could set up a trust permitting the beneficiary to spend as much of the money in it as they like, on anything. Of course, in such a situation, the trust fund might not last very long, especially if the beneficiary is a younger person.

What to Include in Any Huntington Park, CA Trust

There are 4 distinct elements that must be present for any trust to be valid in Huntington Park, California. The first element is the purpose - in drafting a trust document, the purpose that the trust is serving must be stated.

The second required element is a trustee. The trustee's job is to supervise and manage the money that makes up the trust. They are also required to take reasonable efforts to ensure that the money is only used for the purpose of the original trust agreement.

Third, there must be a named beneficiary. This is the person, persons, or entity who is really benefiting from the trust. This person or entity must be clearly identified, or must be identifiable at some point in the future that can be objectively defined.

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.

Find a Huntington Park Lawyer that Specializes in Your Area of Need:

Can A Huntington Park, 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 Huntington Park, California attorney specializing in estate planning and the drafting trusts may prove invaluable.

6 Wills, Trusts and Estates cases posted to LegalMatch lawyers in Huntington Park

Drafting a Trust Attorneys in the Largest CA Cities

Show California Cities

Drafting a Trust Lawyers in Other California Cities and Towns


Find the Right Lawyer Now

Top Rated Lawyers

View attorney profiles and see how other LegalMatch users rate attorneys that may respond to your case.

Personal Injury Lawyer
LegalMatch Personal Injury Lawyer David H.

David H.

HAMPSHIRE, MA

Personal Injury

Rating (1 users) *
See Reviews
Family Law Lawyer
LegalMatch Family Law Lawyer Tate W.

Tate W.

CLEVELAND, OK

Family Law

Rating (4 users) *****
See Reviews
General Practice Lawyer
LegalMatch General Practice Lawyer Malcolm M.

Malcolm M.

GASTON, NC

General Practice

Rating (6 users) ****
See Reviews
Family Law Lawyer
LegalMatch Family Law Lawyer Ian M.

Ian M.

BUCKS, PA

Family Law

Rating (10 users) ****
See Reviews

Need a Lawyer?

No obligation - Lawyers compete for your case. Choose your issue & get started now: