Asset Protection Trust | Irrevocable Trust
An Asset Protection Trust is irrevocable. This means that any transfer of assets into the trust is permanent.
The way this works is that the trust takes over ownership of all assets and they are now managed by the trustee. Since the assets are technically no longer owned by you, they are protected from creditor lawsuits.
Let Rex Crandell Firm protect your wealth and peace of mind with an Asset Protection Trust
What is Estate Planning?
Estate Planning can include a variety of strategies and documents. If you have a lot of assets, then you may need to use procedures to avoid or defer estate taxes. If you own real estate, you likely will need a revocable living trust to avoid probate. If you are just starting out in life and have not accumulated many assets yet then a simple will might be a viable option. Estate Planning always needs to address your particular circumstances and location on the human life cycle continuum.
Want to learn more about Asset Protection Trusts in California?
Rex Crandell Firm in Walnut Creek, CA is here to answer your questions!
Give our office a call at 925-934-6320 to schedule some time to go over your options.