Trusts in California: Understanding the Basics
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This presentation aims to explain the basics of trusts in California.
Transcript of Trusts in California: Understanding the Basics
What is a TRUST?
IT’S A LEGAL RELATIONSHIP BETWEEN YOU,
SOME OF YOUR PROPERTY,
SOMEONE YOU APPOINT TO MANAGE THAT PROPERTY,
AND THOSE YOU CHOOSE WHO CAN BENEFIT FROM THE
PROPERTY.
THERE ARE MANY DIFFERENT SPECIFIC TYPES OF
TRUSTS, EACH WITH ITS OWN BENEFITS AND
DRAWBACKS.
How Do You Make a
TRUST?
• THE TRUST TERMS
• THE TRUST TERMS • THE NAME OF THE TRUSTEE
• THE TRUST TERMS • THE NAME OF THE TRUSTEE
• THE NAME(S) OF THE BENEFICIARY
• THE TRUST TERMS • THE NAME OF THE TRUSTEE
• THE NAME(S) OF THE BENEFICIARY • AND YOUR SIGNATURE.
What Is a TRUSTEE?
What Does The
TRUST OWN?
Who Are The
BENIFICIARIES?
Changing the
TRUST
Living or Testamentary TRUST
Want to Know More About
Trusts in California?
Download Your FREE, No-obligation Living Trust Report Today!
