No one knows when they will pass on from this life. A California resident may experience health and wellness for years before suffering life-ending injuries in an unexpected accident. Another person may languish in life with serious illnesses and ailments, overcoming death at various points throughout their treatment and living longer than any medical professional might expect.
Californians make plans about practically everything. They may plan their weeks to accommodate their work, family and social commitments. They may make plans for their meals so that they know they will be able to feed their families even when they are incredibly busy. They may even plan when they will go to bed, so as to maximize the time they have available during the days and to provide themselves with proper rest.
This Sacramento estate planning legal blog has provided a number of posts on the various kinds of trusts that Californians may wish to create as they consider how their wealth and assets should be distributed upon their deaths. While many estate planners wish to leave their families and friends the money and goods they have amassed over the course of their lives others also wish to make charitable contributions to organizations that are important to them. The creation of charitable trusts can serve this purpose and this post will address some of the basics on these specialized trust tools.