Revocable & Irrevocable Trusts

Trust Attorney Serving the Inland Empire

A trust is simply a legal vehicle to protect assets while maintaining control over them, and to ensure that those assets are passed on to the appropriate spouse, heirs or charity with a minimum of taxation or complication for the beneficiary or beneficiaries. A trust provides a shield against lawsuits, and protects your property, money and possessions. Examples of assets that should and can be placed into a trust include real property, investment accounts, jewelry and personal property, business interests, securities, some retirement accounts, collectibles, even pets! The trust establishes specific instructions about how the assets will be managed and by whom, and what is to happen to them upon the passing of those who establish the trust. The trust will bypass the “probate” process, a lengthy, expensive and heavily taxed process for legally distributing assets and liabilities after life.

Revocable Trust Attorney Serving the Inland Empire

My name is Kristine Borgia and I am an estate planning and trust attorney serving clients in the Inland Empire here in California. There are several tools we can use to protect your assets and interests, one of which is a “revocable trust”. A revocable trust simply provides the opportunity to remove property or interests from a trust at some point in the future if the need arises. Once a trust is established, the property or asset to be protected is transferred to the trust who, for all intents and purposes, takes “ownership” of the asset. You still maintain complete control over your property, directing it at your own will, but the trust shields the asset from any liability that might arise. If you need to dispose of the property, or your needs change down the road the “revocable” trust allows you to remove the asset from the trust and return it to your personal ownership.

Irrevocable Trust Lawyer in the Inland Empire

An “irrevocable trust” is exactly what it sounds like. Once an asset or interest is placed within the protection of the trust, it cannot be removed at any time in the future. The principal benefit of an irrevocable trust is the impact it has on estate and income taxes. Once the asset has been placed into an irrevocable trust it is no longer considered part of your estate, and therefore will pass to the beneficiary or beneficiaries free of estate taxes. Examples of when to use an irrevocable trust include insurance, life insurance and gifting. For example, at present we are allowed to “gift” $14,000 to any person each year, tax free. While there are some restrictions, this allows you to contribute $14,000 each year to an irrevocable trust for your heir or heirs, and they will receive those funds (in the form of the trust) at the time of your passing. Life insurance is another great example. Many people do not realize that estate taxes must be paid in cash. Liquidity often presents a challenge for heirs and beneficiaries, and they are forced to sell business and assets they would wish to keep in order to meet the cash requirement of the IRS.

Contact A Responsive Inland Empire Trust Attorney

Many people are unsure when it comes to trusts – they are not sure why they should be implementing them as part of their estate planning, and the protection this provides. They do not clearly understand the cash savings this generates if something should happen. I will meet with you personally, and evaluate your unique circumstances and portfolio. I will thoroughly explain the options available to you so that you can make informed decisions that protect your interests and preserve the assets you’ve worked so hard to build.  Call me at 951-784-0244 or email me at for a free initial consultation.