Trust

Protecting your estate does not have to be costly. Let us ensure your assets are protected and bequeathed to your heirs.

What is a Trust?

A trust is a fiduciary relationship in which one party, known as a trustor, gives another party, the trustee, the right to hold title to property or assets for the benefit of a third party, the beneficiary

Categories of Trusts

Living or Test
  • A living trust – also called an inter-vivos trust – is a written document in which an individual's assets are provided as a trust for the individual's use and benefit during his lifetime. These assets are transferred to his beneficiaries at the time of the individual's death. The individual has a successor trustee who is in charge of transferring the assets.
  • A testamentary trust, also called a will trust, specifies how the assets of an individual are designated after the individual's death. 
Revocable or Irrevocable 
  • A revocable trust can be changed or terminated by the trustor during his lifetime. An irrevocable trust,, as the name implies, is one the trustor cannot change once it's established, or one that becomes irrevocable upon his death.
  • Living trusts can be revocable or irrevocable. Testamentary trusts can only be irrevocable. An irrevocable trust is usually more desirable. The fact that it is unalterable, containing assets that have been permanently moved out of the trustor’s possession, is what allows estate taxes to be minimized or avoided altogether.
​Funded or Unfunded 
  • A funded trust has assets put into it by the trustor during his lifetime. An unfunded trust consists only of the trust agreement with no funding. Unfunded trusts can become funded upon the trustor’s death or remain unfunded. Since an unfunded trust exposes assets to many of the perils a trust is designed to avoid, ensuring proper funding is important.

​Contact us to learn more about the right Trust for you.
(844) 4.UR.FUTURE
620 Newport Center Drive
Suite 1100
Newport Beach, CA 92660​
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