Drafting a Trust In La Verne, California

Find the Right Lawyer Now

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

Trusts can serve any variety of purposes. They can be set up to guarantee 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 instance, you might want to dictate that the beneficiary can only use the money for emergencies, or for general living expenses. If the trust is thoroughly drafted, this is totally 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 allowing the beneficiary to spend as much of the money in it as they like, on anything. Of course, in such a case, the trust fund might not last very long, particularly if the beneficiary is a younger person.

What to Include in Any La Verne, CA Trust

To implement a trust in La Verne, California, 4 things are required. The first is purpose - the trust must be set up to serve some sort of objective, and it must be precisely stated in the document that creates the trust.

Second, the trust needs a trustee. The trustee will have possession of the property or money that is being held in trust, and will be accountable for putting it to the use that the creator of the trust intended.

Third, the trust further has to name a beneficiary. This is the individual or entity (such as a charitable organization) who is going to benefit from the trust.

Lastly, the trust needs to have a corpus, or body. The "body" of the trust is the property that benefits the beneficiary, and that the trustee oversees. Obviously, there can be no trust without something being held in trust.

Find a La Verne Lawyer that Specializes in Your Area of Need:

Can A La Verne, California Trust Drafting Attorney Help?

While the elements of a valid trust are fairly simple and easy to memorize, drafting a trust that is likely to be carried out according to your wishes can be fairly difficult. For that reason, a La Verne, California attorney experienced in estate planning can be invaluable.

10 Wills, Trusts and Estates cases posted to LegalMatch lawyers in La Verne

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.

Family Law Lawyer
LegalMatch Family Law Lawyer Michael R.

Michael R.

Lee, FL

Family Law

Rating (6 users) *****
See Reviews
Criminal Law Lawyer
LegalMatch Criminal Law Lawyer Robert M.

Robert M.

Warren, MO

Criminal Law

Rating (11 users) ****
See Reviews
General Practice Lawyer
LegalMatch General Practice Lawyer Stephen K.

Stephen K.

Bedford, VA

General Practice

Rating (8 users) *****
See Reviews
Family Law Lawyer
LegalMatch Family Law Lawyer Anitha J.

Anitha J.

Prince Georges, MD

Family Law

Rating (1 users) ****
See Reviews

Need a Lawyer?

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