If you are planning your estate in Summerland or elsewhere in Santa Barbara County, a revocable living trust can provide a practical framework for managing assets now and distributing them later. The Law Offices of Robert P. Bergman assists individuals and families with trusts, wills, powers of attorney, and healthcare directives tailored to California law. A revocable living trust can help avoid probate for assets placed in trust, offer privacy for beneficiaries, and maintain continuity in the event of incapacity. We begin by reviewing assets, family goals, and any special needs concerns to design a trust that fits the client’s circumstances while complying with California rules.
Choosing the right approach to estate planning requires thoughtful consideration of personal, financial, and legal details, especially in California where community property rules and homestead protections may apply. Revocable living trusts are flexible documents that can be amended during the settlor’s lifetime, making them suitable for many families. Our Summerland practice helps clients create pour-over wills, financial powers of attorney, advance health care directives, and related trust documents like certification of trust and general assignments of assets to trust. We also assist with trust funding, beneficiary designations, and planning for retirement accounts and life insurance.
A revocable living trust matters because it offers a flexible way to manage assets during life and to simplify distribution after death. For residents of Summerland, this can mean avoiding the public probate process, preserving the privacy of estate details, and enabling a smoother transfer of property to heirs. Trusts can also provide a structure for managing affairs in case of incapacity, by naming a successor trustee to act when needed. Additionally, trusts can be layered with pour-over wills and powers of attorney to ensure that assets are handled according to the settlor’s wishes and that healthcare and financial decisions are directed by trusted agents.
The Law Offices of Robert P. Bergman provides personalized estate planning services for individuals and families in Summerland and throughout California. Our approach emphasizes clear communication, thorough document preparation, and careful attention to funding and beneficiary designations so plans function as intended. We assist with a range of estate planning tools, from revocable living trusts and pour-over wills to advanced trusts like irrevocable life insurance trusts and special needs trusts. Clients receive direct counsel about how documents will operate under California law and how to maintain and update plans as circumstances change.
A revocable living trust is a legal arrangement in which the creator, called a settlor, transfers title to certain assets into a trust that they control during life. The settlor usually acts as trustee initially and names a successor trustee to manage trust assets if incapacity occurs or when the settlor passes away. Unlike irrevocable trusts, revocable trusts can be modified or revoked while the settlor is alive, providing flexibility. Properly preparing and funding the trust are essential steps to ensure its intended benefits, and California-specific considerations such as community property rules and homestead protections should be reviewed when transferring assets into the trust.
Revocable trusts are commonly paired with pour-over wills that direct any assets not transferred into the trust during life to the trust at death. Trusts also work with powers of attorney and advance health care directives to create a comprehensive plan for financial and medical decision making. While a trust does not eliminate all legal responsibilities, it can streamline asset management, reduce delays for beneficiaries, and provide continuity in administration. We focus on practical trust language and funding steps so that the trust operates effectively when called upon to protect family interests and preserve assets for intended heirs.
A revocable living trust is a written legal instrument that holds title to assets and specifies how those assets will be managed and distributed. The settlor retains the ability to change or revoke the trust during their lifetime, maintaining control over trust assets until they choose to step back. The trust names beneficiaries who will receive assets according to the settlor’s instructions, and names one or more successor trustees to carry out those instructions after incapacity or death. Because assets titled to the trust typically avoid probate, beneficiaries may receive distributions sooner and in a more private process than through a will alone.
Creating a revocable living trust involves drafting clear trust terms, identifying and titling assets to the trust, naming successor trustees and beneficiaries, and drafting complementary documents like pour-over wills and powers of attorney. Funding the trust is a critical step: real property deeds, bank accounts, investments, and insurance policies should be reviewed and retitled as appropriate to ensure the trust holds the intended assets. Ongoing review and updates are important when family circumstances, property holdings, or California law change. Proper record keeping and communication with successor trustees help ensure a smoother transition when the trust becomes operative.
Understanding common trust-related terms helps clients make informed decisions. Terms such as settlor, trustee, beneficiary, funding, pour-over will, and successor trustee frequently arise in planning conversations. In California, other considerations include community property designations, transfer-on-death arrangements, and how retirement accounts integrate with trust plans. A clear glossary and explanation of each term will reduce confusion when preparing documents and assist in proper funding and administration of a revocable living trust. Below are definitions of frequently used terms to guide your review and discussion during planning.
The settlor, sometimes called the grantor or trustor, is the person who creates the revocable living trust and transfers assets into it. The settlor typically serves as the initial trustee and maintains control over trust property during life, with authority to modify or terminate the trust. When drafting trust documents, the settlor’s objectives—such as protecting minor beneficiaries, planning for incapacity, or simplifying distributions—determine the trust terms and distribution provisions. Understanding the settlor’s role clarifies who has decision-making authority while the trust remains revocable and who will direct assets later through successor trustees and beneficiary designations.
A successor trustee is the person or entity named to manage the trust if the settlor becomes unable to act or after the settlor’s passing. The successor trustee has a fiduciary duty to follow the trust terms, preserve assets, and carry out distributions to beneficiaries. Selecting a trustworthy and capable successor trustee is a key planning choice. The successor trustee should be willing to carry out administrative tasks such as account transfers, tax filings, communicating with beneficiaries, and handling distributions in accordance with the trust document and California law while maintaining accurate records of trust activities.
Funding a trust means transferring title or beneficiary designations of assets into the trust so those assets are legally owned by the trust. Common funding steps include recording a deed to transfer real property, retitling bank and investment accounts, and updating beneficiary designations where permitted. Proper funding is essential for the trust to serve its intended purpose, such as avoiding probate for assets held in trust. In California, attention to community property rules and retirement account rules is important when funding to ensure that transfers are valid and consistent with the plan.
A pour-over will works with a revocable living trust to ensure that any assets not transferred into the trust during the settlor’s life are directed into the trust upon death. The pour-over will acts as a safety net to catch assets that might have been overlooked during funding. While assets covered by a pour-over will may still be subject to probate, the will’s primary purpose is to move those assets into the trust for distribution according to the trust terms, maintaining the overall structure and intent of the estate plan while reducing the risk of unintended beneficiaries or incomplete transfers.
Estate planning involves choosing among several tools, including revocable living trusts, simple wills, transfer-on-death designations, and various irrevocable arrangements. Each choice has trade-offs based on cost, privacy, flexibility, and the need for court supervision. Revocable trusts offer continuity and privacy but require proactive funding. Wills are simpler to prepare but typically require probate for many assets. Transfer-on-death designations provide an easy way to pass certain assets without probate, but they do not address incapacity. A thoughtful comparison aligned with family goals and California law helps determine the most suitable combination of planning tools.
For individuals with a straightforward estate, limited planning tools such as a will combined with powers of attorney and advance health care directives may be adequate. If assets are modest and beneficiaries are obvious, using a will and beneficiary designations for accounts can provide necessary direction without the complexity of funding a trust. However, even simple estates can benefit from discussions regarding incapacity planning and ensuring that assets pass as intended under California law. Reviewing how accounts are titled and confirming beneficiary designations are up to date are important steps in this approach.
If avoiding probate is not a priority because assets already pass outside probate through joint ownership or beneficiary designations, a limited plan may be sufficient. Transfer-on-death accounts and payable-on-death designations can move certain assets directly to named beneficiaries. Still, even when probate avoidance is less important, planning for incapacity and ensuring effective authority for financial and healthcare decisions remain essential. Careful review of retirement accounts and life insurance policies will ensure that beneficiary designations align with overall estate intentions and avoid unintended outcomes.
A comprehensive trust-based plan is often appropriate when privacy and probate avoidance are important goals. Assets titled in a revocable living trust typically avoid probate, which can save time and maintain confidentiality about estate distributions. This approach also eases asset management and transfer for beneficiaries. For families with real property, multiple accounts, or complex distribution wishes, a trust can centralize control and reduce the administrative burden on survivors. Proper drafting and funding ensure the trust functions as intended within California law and that beneficiaries receive assets with fewer delays.
Trust-based planning is especially valuable when there is a need for continuity in case of incapacity or when family situations are complex. Trusts allow for detailed provisions addressing how assets will be managed for minor children, individuals with special needs, or blended family arrangements. Naming successor trustees and including instructions for distributions and trust administration help provide predictability. Comprehensive plans coordinate powers of attorney, advance health care directives, and trust terms so that decision-making authority and asset management are aligned during incapacity and beyond.
A comprehensive revocable living trust can offer several practical benefits, including streamlined administration, reduced need for probate, enhanced privacy, and clear instructions for management during incapacity. By consolidating assets under the trust and aligning beneficiary designations, families can reduce the administrative burden on survivors and improve the predictability of distributions. Trust language can be tailored to accommodate staggered distributions, protective provisions for beneficiaries, and instructions for handling business interests or real estate. Careful coordination with retirement accounts and insurance ensures each element of the plan functions as intended.
Beyond administrative advantages, a trust-based plan provides peace of mind by creating a roadmap for trusted agents to follow during difficult times. Successor trustees can step in to manage finances without court appointment when incapacity occurs, reducing delays and additional costs. Trust provisions can also include tax-aware strategies and instructions for charitable gifts or legacy planning. Regular review and updates keep the plan aligned with changes in family structure, assets, and California law, making a comprehensive approach a durable solution for many households seeking long-term continuity and clarity.
One key benefit of a comprehensive trust plan is streamlined administration that often minimizes the need for court involvement. When assets are properly funded to a revocable living trust, successor trustees can manage and distribute those assets under the trust terms without formal probate proceedings. This reduces delays for beneficiaries and lowers the risk of public court filings that disclose family financial details. Clear trust instructions and good record keeping further support efficient administration, helping families transition through periods of incapacity or bereavement with less administrative complexity.
A revocable living trust enables continuity of asset management if the settlor becomes incapacitated by allowing a successor trustee to step into the role immediately. This avoids delays and potential court supervision that can occur when no advance planning is in place. The successor trustee can pay bills, manage investments, and protect property according to the settlor’s directions. Including complementary instruments—such as a durable financial power of attorney and an advance health care directive—ensures that both financial and medical decisions are addressed in a coordinated manner, helping families maintain stability during challenging times.
Creating an inventory of assets, account titles, and current beneficiary designations is the first practical step toward a functioning revocable living trust. This process helps identify which assets must be retitled or have beneficiary designations updated to align with the trust plan. Reviewing deeds, bank and investment accounts, retirement plans, and life insurance policies will reveal where funding actions are required. Gathering this information early saves time during document preparation and helps avoid common oversights that can reduce the effectiveness of a trust plan under California law.
Estate plans should be reviewed and updated after significant life events such as marriage, divorce, birth of a child, acquisition or sale of major property, or changes in health. These events can change distribution goals, beneficiary designations, or the suitability of named agents and successor trustees. Periodic check-ins keep trust terms, powers of attorney, and advance directives current and effective under California law. Clear documentation and communication with successor trustees and family members can reduce friction and ensure that plans are executable when needed.
Residents of Summerland may consider a revocable living trust to achieve privacy, reduce the likelihood of probate, and provide clear instructions for handling assets in the event of incapacity. Trusts can also allow for more detailed distribution schemes, such as staged gifts to beneficiaries, protections for minor children, or provisions for family members with disabilities. For homeowners and those with diverse investments, a trust can simplify the transfer of real property, business interests, and financial accounts while providing successor trustees with a straightforward roadmap for administration.
Beyond probate avoidance, trusts are useful when clients want to avoid court involvement for incapacity planning and to ensure seamless management by a named successor trustee. Trusts can facilitate ongoing asset management during periods when the settlor cannot act and can provide direction that minimizes family disputes. Combining a trust with powers of attorney, HIPAA authorizations, and a pour-over will ensures that both financial and healthcare matters are addressed comprehensively. Regular updating of the plan preserves its effectiveness as life circumstances evolve.
People commonly seek revocable living trusts when they own real property in California, have blended family concerns, need to plan for minor or special needs beneficiaries, or want to preserve privacy and expedite asset transfers. Trusts are also chosen by those who want to avoid probate in multiple states when property is held in different jurisdictions, or by individuals who require detailed instructions for long-term management of trusts. The trust framework supports continuity during incapacity, clear distribution paths at death, and coordination with retirement and insurance assets.
Homeowners in Summerland and surrounding areas often establish revocable living trusts to ensure that real property transfers smoothly to beneficiaries without a public probate process. Transferring the deed to the trust and confirming title and tax records helps successor trustees handle property matters according to the settlor’s directions. This planning can reduce delays and costs associated with probate, while maintaining the ability to use and control the property during the settlor’s lifetime. Proper recording of deeds and mortgage considerations are reviewed to ensure the transfer is effective and aligned with lending obligations.
Parents often use revocable living trusts to provide for minor children by designating how and when distributions should be made and by naming a trustee to manage assets on behalf of young beneficiaries. Trust provisions can set age-based distributions, provide funds for education, and protect assets from premature dissipation. Additionally, trusts allow for the appointment of guardianship nominees and the coordination of financial support in the event both parents are unable to act. These measures provide structure and clarity for caregivers and trustees handling assets for minors.
When health concerns arise or as clients age, revocable living trusts provide a mechanism for immediate management of financial affairs by a successor trustee without court intervention. This approach is often combined with durable powers of attorney and advance health care directives to ensure both financial and medical decisions are addressed. By naming trusted agents and documenting authority in advance, families can reduce uncertainty during stressful times, maintain continuity of bill paying and asset oversight, and ensure that the settlor’s preferences guide decisions when they cannot speak for themselves.
The Law Offices of Robert P. Bergman offers revocable living trust services tailored to residents of Summerland and Santa Barbara County. We provide practical guidance on drafting trust documents, funding assets, and coordinating related instruments such as pour-over wills, financial powers of attorney, and advance health care directives. Whether you are beginning estate planning or updating an existing plan, we help identify the steps necessary to make the trust operative, address local property considerations, and help you provide clear direction for family members and successor trustees in alignment with California law.
Clients choose the Law Offices of Robert P. Bergman for clear, personalized estate planning that focuses on practical outcomes. We prioritize straightforward drafting, careful funding guidance, and ongoing plan reviews to ensure documents perform as intended under California law. Our approach emphasizes communication and a step-by-step process to help clients feel comfortable with decisions about trust provisions, successor trustees, and beneficiary instructions. Local knowledge of Santa Barbara County property recording practices and probate procedures supports efficient plan implementation.
We assist with a full range of estate planning documents that commonly accompany revocable living trusts, including pour-over wills, financial powers of attorney, advance health care directives, HIPAA authorizations, certifications of trust, and general assignments of assets to trust. For clients with retirement plans or life insurance, we review beneficiary designations and advise on coordination that preserves intended outcomes and liquidity for estate administration. Ongoing support includes updates after major life events and guidance for trustee responsibilities when management is required.
Accessible legal guidance and clear procedures help families in Summerland make informed decisions and prepare practical plans. We provide direct assistance with funding steps such as deed preparation, account retitling instructions, and documentation needed to evidence trust ownership. All planning is prepared with attention to California statutes and county procedures so clients can rely on documents that work when called upon. For consultations and plan reviews, contact the Law Offices of Robert P. Bergman by phone at 408-528-2827 to discuss your goals.
Our process begins with a thorough review of your assets, family goals, and any special circumstances that affect planning. We draft a revocable living trust with clear instructions, prepare related documents such as pour-over wills and powers of attorney, and provide step-by-step guidance for funding the trust. After documents are signed, we assist with retitling accounts and recording deeds as necessary, and we provide instructions for successor trustees. We also offer periodic plan reviews to make adjustments after life events or changes in asset holdings to keep the plan effective under California law.
The initial consultation identifies your objectives, asset inventory, and family considerations so the trust can be tailored to your needs. During this meeting we discuss goals for incapacity planning, distribution timing, beneficiaries, and trustee appointments. We gather documentation such as deeds, account statements, insurance policies, and retirement plan summaries to determine funding actions. This phase clarifies whether a revocable living trust is the best fit and sets the foundation for drafting documents that reflect your intentions under California law.
During the initial discussion we explore family dynamics, goals for heirs, and any special planning concerns such as support for minors or family members with disabilities. We assess how property is currently titled and which accounts may require beneficiary updates or retitling. This conversation helps shape distribution provisions, trustee choices, and any protective language for beneficiaries. Clear communication at this stage reduces the risk of misunderstandings and ensures the draft trust aligns with your objectives.
Collecting deeds, account statements, insurance policies, and retirement plan information allows us to prepare an accurate asset inventory and identify funding steps. We review titles, outstanding mortgages, and beneficiary designations to confirm what must be retitled or reassigned. This inventory supports practical funding plans and helps estimate administrative needs for successor trustees. Having complete documentation at the outset speeds the drafting process and improves the likelihood that assets are properly transferred into the trust.
Once goals and assets are identified, we draft the revocable living trust and related documents, including pour-over wills, powers of attorney, advance health care directives, and any necessary trust schedules. Clients review drafts and suggest revisions to ensure terms reflect their intentions. We explain trustee duties, distribution schedules, and any tax or administrative considerations. The review stage ensures clarity and allows for adjustments before final execution, so the documents function smoothly when activated by incapacity or upon death.
We prepare trust documents with practical provisions for management, distributions, and successor trustee authority. Supporting documents such as financial powers of attorney and advance health care directives provide comprehensive authority for decision makers. When appropriate, we draft certifications of trust and general assignments of assets to facilitate trustee actions and to evidence trust ownership without disclosing full trust terms. Clients receive clear instructions on how these documents operate together and what steps remain for effective trust administration.
Clients review draft documents and discuss any desired changes, such as adjustment of distribution timing, selection of alternate beneficiaries, or changes to trustee succession. We explain the legal effect of proposed language and suggest alternatives that better align with the client’s objectives. After revisions are agreed upon, we schedule execution of documents and provide guidance on notarization and witnessing requirements under California law so the trust and related instruments are valid and enforceable.
After documents are executed, funding the trust becomes the priority. We assist with preparing deeds to transfer real property, retitling bank and investment accounts, and providing template letters to financial institutions. We also advise on beneficiary designations for retirement accounts and life insurance policies. Following funding, we provide successor trustees with instructions and a certification of trust to ease administration. Periodic follow-up ensures documents remain current after life changes or shifts in asset holdings.
To fund the trust, deeds for real property are prepared and recorded in the county where the property is located; accounts are retitled to the trust or adjusted through beneficiary designations as appropriate. We provide the necessary forms and guidance to transfer assets and ensure the trust holds intended property. These steps are essential to realize the trust’s benefits and to provide successor trustees with clear evidence of trust ownership and authority to manage assets upon incapacity or death.
We provide successor trustees with written guidance about their duties, record keeping practices, tax filing considerations, and steps to follow when administering trust assets. Maintaining accurate records and retaining key documents such as the certification of trust helps trustees demonstrate authority to financial institutions and courts if necessary. Regular reviews and amendments keep the trust aligned with changing circumstances, and we remain available to advise on adjustments or to assist successor trustees with administration tasks when needed.
A trust generally governs the ownership and distribution of assets placed into it and can provide continuity of management during incapacity, while a will directs distribution of assets at death and requires probate for many assets. Trusts that are properly funded can avoid probate, offering privacy and potentially quicker distributions to beneficiaries. Wills remain useful as pour-over documents to catch any assets not transferred to the trust during life and to handle matters such as guardianship nominations for minor children. Both instruments serve important roles and often work together as part of a comprehensive plan. The choice between relying primarily on a trust or using a will-based approach depends on estate complexity, goals for probate avoidance, and planning for incapacity. Reviewing how accounts are titled and coordinating beneficiary designations are critical to ensure the estate plan functions as intended.
Yes. Even with a revocable living trust, a pour-over will is commonly used to direct any assets that were not transferred into the trust at death into the trust for distribution. The pour-over will acts as a safety net for overlooked property, ensuring assets are distributed according to the trust terms. While assets governed by the pour-over will may still be subject to probate, the will helps capture loose assets and maintain the settlor’s overall estate plan. Wills also address certain matters that trusts may not cover, such as formal nominations of guardians for minor children. Keeping both a trust and a complementary will, along with powers of attorney and healthcare directives, helps create a complete plan that addresses both incapacity and estate distribution concerns under California law.
To fund a trust with real property, the property owner executes and records a new deed transferring title from the individual owner to the trustee of the revocable living trust. The deed must be prepared with correct legal descriptions and recorded in the county where the property is located to effect the transfer. It is important to check mortgage terms and tax implications when changing title and to follow county recording procedures to ensure the transfer is valid and properly indexed. After recording, related documents such as homeowner insurance and property tax records should be updated to reflect trust ownership if appropriate. Failure to record the deed or otherwise fund the trust can leave real property outside the trust, subject to probate; therefore careful attention to the deed process and confirmation of title changes is essential to realize the benefits of the trust plan.
Yes. Revocable living trusts are designed to be changed or revoked during the settlor’s lifetime, giving flexibility to adapt to new circumstances or changing wishes. Amendments can adjust beneficiaries, distribution timing, or trustee appointments as life events occur. The ability to amend a revocable trust makes it a flexible tool for long-term planning, allowing a settlor to maintain control while alive and adapt the plan to evolving family or financial situations. Although amendments are allowed, major changes should be carefully documented and coordinated with funding steps to ensure all assets remain aligned with the trust. Certain significant changes may also affect estate tax considerations or creditor relationships, so reviewing amendments with legal counsel helps preserve intended outcomes and compliance with California law.
Naming a successor trustee involves selecting someone who is trustworthy, organized, and willing to manage financial and administrative matters when needed. Common choices include a spouse, adult child, other trusted family member, or a professional fiduciary. The successor trustee should understand the settlor’s wishes and be prepared to handle duties like paying bills, managing investments, filing taxes, and distributing assets according to the trust terms. Many clients name alternate successor trustees in case the primary choice is unable or unwilling to serve. It is also helpful to discuss expectations with the chosen trustee ahead of time and to document guidance in the trust or a supplemental memorandum so that the successor has practical instruction when called upon to act.
A revocable living trust typically does not change income tax reporting during the settlor’s lifetime because trust assets are treated as owned by the settlor for tax purposes. Income from trust assets is reported on the settlor’s personal tax return while the trust is revocable. Estate tax considerations arise at death for larger estates, but California has no separate state estate tax. Federal estate tax rules and exemptions may affect certain estates, and trust language can be used to implement tax-aware strategies when appropriate. Careful coordination with a tax advisor is advisable for clients with larger estates, complex investments, or significant retirement accounts. Trusts can be drafted to provide flexibility for tax planning after death, but tax consequences depend on the individual’s overall financial picture and applicable federal tax rules at the time of death.
A revocable living trust generally does not provide protection from creditors while the settlor is alive because the settlor retains control and access to trust assets. Creditors may reach assets in a revocable trust as they could reach assets owned directly by the settlor. However, after the settlor’s death, distributions from a trust may be structured in ways that affect creditor access depending on the terms and timing of distributions and applicable laws. For clients concerned about creditor protection, other planning tools such as certain irrevocable trusts may offer greater protection but involve different trade-offs, including loss of control. Evaluating creditor risk and choosing appropriate planning instruments requires careful consideration of personal circumstances and applicable California statutes.
Trusts provide mechanisms to care for minor children by directing how assets should be managed and distributed on their behalf. A trust can name a trustee to hold and manage funds until children reach ages or milestones specified by the settlor, provide for education and healthcare expenses, and include provisions that protect assets from premature depletion. This approach gives parents control over the timing and purpose of distributions, while ensuring a trusted adult manages assets responsibly for the children’s benefit. In addition to financial arrangements, trusts can be coordinated with nominations for guardianship in a pour-over will to ensure both the child’s care and financial support are addressed. Clear trust language and trustee guidance help reduce family disputes and provide continuity for children in the event of a parent’s incapacity or death.
Key documents that typically accompany a revocable living trust include a pour-over will, a durable financial power of attorney, an advance health care directive, a HIPAA authorization, and often a certification of trust. The pour-over will captures assets not funded to the trust during life. Powers of attorney and health care directives ensure that trusted agents can make financial and medical decisions if the settlor is incapacitated. A certification of trust provides successor trustees with a concise statement of authority without disclosing full trust terms. Other supporting documents may include general assignments of assets to the trust, deeds to transfer real property, and model letters to financial institutions for account retitling. Coordinating these documents ensures that both incapacity planning and estate distribution objectives are addressed comprehensively and that successor trustees have the information they need to act.
Trusts should be reviewed periodically and after significant life events such as marriage, divorce, birth or adoption of a child, significant changes in assets, or the death of a beneficiary or trustee. Regular reviews help ensure that trustee appointments, beneficiary designations, and funding remain aligned with current objectives and that documents comply with any changes in California law. Many clients find an annual or biennial review helpful to catch changes and to confirm account titles and beneficiary information. Updating a trust after major events ensures the plan reflects current wishes and reduces the risk of unintended outcomes. Reviews may involve amending trust terms, revising powers of attorney, retitling assets, or updating supporting documents. Staying proactive about reviews preserves the benefits of the trust structure and keeps administration straightforward when the trust becomes operative.
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