This week on 15 Minutes with Paul Ward, we delve into the world of Family Trusts with experts from Grennier Law - Todd Mannis, Christine Grennier, and Waldo Ybarra. Exploring the prevalence and advantages of Trusts over Wills, we tackle common hesitations surrounding Trust establishment, backed by real-life examples illustrating the consequences of neglecting one. From navigating Probate Court costs to addressing healthcare directives, our guests provide invaluable insights into the process's intricacies and the importance of periodic Trust review. Join us as we empower listeners to take the significant step towards securing their financial future, emphasizing the crucial role Trusts play in asset distribution and ensuring peace of mind for loved ones. Watch the complete episode HERE: What you will learn in this episode: 0:00 Introduction of guests, Todd Mannis, Christine Grennier and Waldo Ybarra of Grennier Law 0:40 Episode topic: Family Trusts 1:15 What percentage of people have a Trust? 1:27 A research project done by Grennier Law to demonstrate the number of people who had a Trust 1:39 What is a “Trust?” 2:08 The Advantages of a Trust over a Will 2:24 With a Trust, you can dictate who will get what when you pass 2:40 Why do people NOT put a Trust together? 4:38 Paul’s real-life example of what happens when you do NOT have a Trust 5:33 The cost of Probate Court 6:29 The court will decide who gets what in Probate Court 7:03 Advice given to people who do not have a Trust yet 8:28 How long does the process to set up a Trust take? 8:44 Who you can choose your assets to go to 9:27 Complications of a blended family and another benefit to a having a Trust 10:35 What is HIPPA? 10:55 Trust also dictates if you want your life prolonged; the use of life support 11:14 The Chapters of a Living Trust and the “flow” of process to getting one 12:36 Who oversees the process once the Trust owner, or Trustor, passes 13:26 The more detailed the Trust is, the better 13:56 The Successor Trustee is given a time frame to complete the directives of the Trust 14:09 How often should Trusts be renewed? 14:39 The biggest leap is getting people to actually get a Trust for themselves 15:24 Grennier Law serves all of California and contact information 16:35 A special Thank You to our Sponsor, Opus Escrow   Related Episodes: Home Sweet Covered Home: The Secrets of Home Warranties Insure Your Peace of Mind: Navigating California’s Insurance Maze From Confusion to Confidence: Securing Your Investment & Mastering Escrow   Grennier Law:Offices in Oxnard and Venturawww.grennierlaw.com805-394-8833   How to reach Paul:paul@homeandranchteam.com805-643-3900   Check out our featured listings as well as other properties for sale in the area: www.homeandranchteam.com   Have ideas for future episodes? We'd love to answer your questions - leave a comment! For any home buying or home selling needs in the Ventura County area of California, please reach out to Paul@homeandranchteam.com or visit www.homeandranchteam.com   A special THANK YOU to our sponsor! Farm Talk with Paul Ward would not be possible without the support of our sponsor Opus Escrow. Supporting our sponsor ensures Farm Talk can provide listeners with the best possible episodes.