What Is the Difference Between Estate and Trust?

Trusts and estates are two of the primary legal structures used to transfer assets over to heirs and beneficiaries after someone dies. Estates and trusts work in distinctively different ways and serve different functions. Estates function as a one-time transfer of assets that are distributed after death. Trusts, in contrast, allow the trust creator (the trustor) to establish an ongoing transfer of assets to beneficiaries before and after death. It is important to understand the differences between estates and trusts in order to decide how to incorporate them into your estate plan. If you are a resident of Southern California and would like to speak to an estate attorney about your estate planning options, the team at Bochnewich Law Offices, APC would be honored to take your call. What Is an Estate? Simply put, an estate is everything you own. This can include your home (or other real estate properties), [...]

By |June 30th, 2022|

What Are the Basics of Estate Planning?

Estate planning is an essential step in securing assets so that they will pass on to those you care about in the event of your death or incapacitation. The process of estate planning may seem daunting, but it doesn’t have to be so. Learning the basic procedures involved in estate planning will put you on the path to making important decisions about your future with clarity and confidence. If you are in need of assistance with making future arrangements for your estate, one of the experienced estate planning attorneys at Bochnewich Law Offices, APC, would be happy to speak with you. Our attorneys are skilled at representing clients in all matters involved in sophisticated estate planning. What Is an Estate Plan? Most people know about wills and trusts and how they are used to relay the important details of the final wishes of someone when they die. While both of [...]

By |June 29th, 2022|

How Do You Sell a House in a Trust?

Trusts can be an excellent way to manage your assets and protect your family. However, if you are considering selling a house in a trust, it can be difficult to know where to start. This is because there are specific procedures that must be followed to complete the sale. It's not a question of simply finding a buyer and signing over the deed. To ensure that the sale goes smoothly, it is important to understand the process and what steps need to be taken, given the unique circumstances of the house in your specific trust. What Is a Trust? A trust is a legal entity designed to hold assets on behalf of someone else. This can be for a variety of reasons, such as to protect the assets from creditors or to manage them in a way that the beneficiary sees fit. A trust is created by a settlor, who [...]

By |May 16th, 2022|

What Happens If Someone Sues a Trust?

Trusts can be a great way to protect your assets and provide for your loved ones after you're gone. They are formal arrangements that can be used to manage property and assets and can be an important part of your estate planning. However, there are many questions regarding trusts. One crucial question is what happens if someone sues a trust? What are the risks, and how can you work to protect yourself? By better understanding the potential risks, you can make sure that your trust is structured in a way that minimizes your exposure. What Is Typically Included in a Trust? A trust is a legal arrangement in which one person, called the trustee, holds property or assets for another person, called the beneficiary. The trustee manages the property or assets on behalf of the beneficiary according to the terms of the trust. Trusts can be used for a variety [...]

By |May 15th, 2022|



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