Real Estate Broker · Member since 2023 · 3 posts · 3 votes
I had a calm today with Royal Legal solutions as I own three businesses in California and need to move them to a trust and start shielding myself and succession plan as well. They seem very expensive and I’m not sure they are a good fit for me. Any recommendations would be appreciated. TYIA
I had a calm today with Royal Legal solutions as I own three businesses in California and need to move them to a trust and start shielding myself and succession plan as well. They seem very expensive and I’m not sure they are a good fit for me. Any recommendations would be appreciated. TYIA
Sounds like it was a pitch fest for a product instead of searching for a solution for you.
@Stuart Udis is a great legal resource and frequent community contributor reach out before you spend tens of thousands on this canned product.
Also, go to the build your team tab to find advisors that can help you with your tax and financial planning. These advisors will actually advise about your estate and succession plans instead of push product.
I had a calm today with Royal Legal solutions as I own three businesses in California and need to move them to a trust and start shielding myself and succession plan as well. They seem very expensive and I’m not sure they are a good fit for me. Any recommendations would be appreciated. TYIA
Sounds like it was a pitch fest for a product instead of searching for a solution for you.
@Stuart Udis is a great legal resource and frequent community contributor reach out before you spend tens of thousands on this canned product.
Also, go to the build your team tab to find advisors that can help you with your tax and financial planning. These advisors will actually advise about your estate and succession plans instead of push product.
Thank you so much for responding. I will reach out.
If you're in CA, what type of trust are you talking about? Most Californians will just use living revocable trusts for holding assets to avoid probate and allow for proper estate planning, and then achieve liability protection through other means such as LLCs, insurance, etc. Trusts are typically done as part of a full estate plan that includes other documents to cover you in different situations like Wills, Powers of Attorney, Advance Health Care Directives, etc. So, depending on what you're looking for in types of trusts, or what you're trying to achieve, you may just need a good estate planning attorney? Let me know if you need any referrals.
*this post does not create an attorney-client or CPA-client relationship. The information contained in this post is not to be relied upon. Readers are advised to seek professional advice.