The Answer Won’t Change: Use a Trust

The estate tax may come to an end but the trust will most likely still be your best option.

The estate tax may be eliminated if President-elect Donald Trump fulfills his campaign pledge but it shouldn’t be assumed that the trust will be a thing of the past, according to Trust Advisor in “Even Without Estate Tax The Right Answer Is Still the Same: Put it All In Trust.“

While there are many reasons why a trust will continue to be the best option even if the estate tax is eliminated, there are two reasons that stand out above the others. First, a trust protects against any disabilities that a beneficiary might have. You would not leave a lot of money to someone with special needs or a minor without making sure that someone else could oversee the money.

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What people do not consider is that someone who is healthy now could become significantly disabled in the future. A trust helps prepare for that contingency. The other reason is that trusts can protect against future claims to the assets, such as from creditors or ex-spouses.

An estate planning attorney can guide you in the use of a trust that fits your circumstances.

Do You Need to Speak With an Estate Planning Attorney?

If you need to speak with an experienced estate planning lawyer, please contact us online or call us directly at 800.756.5596 to first register for one of our free, informative seminars. Your attendance will qualify you for a special discount for our estate planning services should you decide to make a free appointment at the conclusion of the seminar and at the end of your meeting choose to proceed with us. Our estate planning law firm proudly serves clients throughout California from our main office in Torrance, as well as those in Redondo Beach, Manhattan Beach, Hermosa Beach, El Segundo, San Pedro, and Palos Verdes Peninsula.

Philip J. Kavesh

Helping clients with customized estate planning guidance and trust & estate administration for over 44 years.

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We have been a client of the Law Firm of Kavesh, Minor & Otis for decades. Their knowledge and skill in preparing and executing a Living Trust inspires confidence. We appreciate their regular update seminars and the offer of a free evaluation of our estate plan every 3 years. Elaine B.

Their seminar is a great presentation that covers many of the common and not so common scenarios and protection options. I would definitely recommend it for anyone who is thinking about creating or reviewing their trust. Shaune K.

After the passing of both my parents, my father in 2018 and mother in 2020, I decided it was time for me to establish a living trust. The living trust seminar was very informative. I contacted the firm to schedule a consultation with Peter Keon. Peter was very thorough and responsive to my needs in creating a living trust. I highly recommend Kavesh, Minor & Otis to anyone who wants to create a living trust or has a living trust that may need updating. Tracy W.

My experience was great. I attended a seminar and later I met Peter Keon and he answered all my questions . I highly recommend him for a consultation and planning. Maria A.

Kavesh, Minor & Otis were referred to me by a coworker. I went to one of their workshops on living trust and estate planning, and I learned a lot. Peter Keon was incredibly knowledgeable and professional as he guided me through the process. I strongly urge others to work with the Law Office of Kavesh, Minor & Otis for their estate planning and to create a living trust. Maria C.

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