Drafting a Trust In San Mateo, California

Find the right Drafting a Trust attorney in San Mateo, CA

In San Mateo, 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.

A trust can make as many or as few allowances as the person creating it wants. For example, a trust could be set up which authorizes the beneficiary to spend the money on educational expenses, and nothing else.

Because you, as the trustee, can determine the rules under which the trust operates, you could give the beneficiary the right to access the fund at any time, for any reason, basically letting them do whatever they want with the money, if that's what you want to do.

What to Include in Any San Mateo, CA Trust

To create a valid trust in San Mateo, California, 4 elements must be present. The first element is purpose - the property being held in trust must be there for a reason. Your trust can serve just about any lawful purpose you can think of.

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

Fourth and finally, the trust must include what is known as the "corpus" or "body." The corpus is the money and/or property which is being held in trust. For a trust to be valid, the corpus must be clearly identified.

Can A San Mateo, California Trust Drafting Attorney Help?

While it's fairly easy to list off the basic requirements for a valid trust, actually creating and implementing one can be fairly perplexing. Therefore, you should probably seek the assistance of a San Mateo, California attorney if you wish to set up a trust.

Talk to a Wills, Trusts & Estates Law Attorney now!

Life in San Mateo

San Mateo, California is a city in San Mateo County. It has a population of about 100,000 people, making it one of the larger suburbs in the San Francisco Bay Area.

San Mateo was first settled by Europeans in 1789, when the Spanish established a missionary and military presence in the area now known as San Mateo.

Modernly, the economy of San Mateo, California is driven by education, local government, finance, and retail. The largest employer in San Mateo is the San Mateo County Community College District, which employs over 1,900 people, including several San Mateo, California lawyers.

If you live in San Mateo, California and are in need of legal assistance, it's very likely that there's a good San Mateo, California attorney who can help. Lawyers in San Mateo, California are able to handle a wide range of legal issues.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Regel B.
Regel B.

Wills, Trusts and Estates

Caldwell, LA

Brad M.
Brad M.

Wills, Trusts and Estates

Sussex, NJ

David L.
David L.

Wills, Trusts and Estates

Ashland, OH