“Trusts are only for rich people, right? Absolutely not!

If you have children or you own real property in California you should ABSOLUTELY have a trust to ensure that your children are taken care of and your real property is protected.

If you have minor children and they’re going to inherit from you then it has to go through a guardianship process instead of just being administered through the trust and you get to control it if it’s going through a trust. You get to decide who’s controlling their money, how much money they get, what they can use that money for – it can all be detailed in the trust.

If you own real property in California you’re most likely over the threshold of $185,000 in assets that would require you to go to probate and to avoid having to pay unnecessary fees put your house in a trust so that it’s administered again through that trust. You can control who is in charge of your trust, where the money goes, what time and what age your children can receive it – It all comes down to you being in control of where your assets go after you’re gone.

Anybody over the age of 18 should have an Advanced Healthcare Directive, a Financial Power of Attorney, and a will to ensure that if for example, you go into a coma your parents can make decisions for you or whoever you want to make decisions for you can make those decisions without having to fight with anybody about it. It ensures that your decisions are being honored and that you are protected if anything happens to you.”