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The Unique Personal Asset Trust©

Goralka Law Firm, PC • Serving the Sacramento, California Area


The "Old Way" of Estate Planning

In most Living Trusts, beneficiaries receive their inheritance "outright" - - either immediately after you're gone, or over a certain period of time, or at certain ages. In other words, your assets are distributed out of your Trust right into the names of your beneficiaries. Unfortunately, by "owning" their inheritance, your beneficiaries are then needlessly exposed to the claims of spouses in divorce, creditors, lawsuits, the loss of government needs-based benefits and potential estate taxes when their inheritance is handed down to the next generation of beneficiaries.

The "New" and Better Way

Instead of receiving their inheritance directly, each of your beneficiaries may instead receive their inheritance in a special trust, which springs out of your Living Trust. This continuing "Personal Asset Trust" (or "PAT") can be controlled by each beneficiary in such a manner as to virtually give him or her all of the same rights as ownership, without the liability exposures ownerships brings.

How the "PAT" Works

The beneficiary may be his or her own initial Trustee in control of his or her own "Personal Asset Trust." The beneficiary may control the investing of his or her inheritance, how and when it is distributed and even who may receive it when that beneficiary passes away (if you wish, this right may be limited, such as only to your lineal descendants). The level of asset protection needed may be determined by the beneficiary after you're gone with the advantage of "20/20 hindsight," looking at the beneficiary's circumstances at that time. For example, if a moderate level of protection is appropriate, an independent Co-Trustee or sole Trustee may be brought in to sign on distributions. Or, if a greater level of asset protection is needed, an independent "Trust Protector" can "lockdown" the Trust even more tightly from the attack of third parties. In either case, the beneficiary may continue to indirectly control his or her inheritance, while enjoying additional asset protection.

We Didn't "Invent" It

The "Personal Asset Trust" is based upon over 100 years of Asset Protection Law. The Goralka Law Firm merely adapted and "incorporated this technology" into our Living Trust. The "PAT" is not what other attorneys may commonly refer to as a "Generation-Skipping Trust," "Discretionary Trust," or "Dynasty Trust." The PAT uniquely utilizes many of the asset protection concepts utilized in foreign and domestic asset protection trusts.

PAT Trust

Take Advantage of This Unique Opportunity

The Goralka Law Firm provides the "Personal Asset Trust" as just one feature of its complete Living Trust package - - and the entire package costs only a fraction of the price many attorneys charge for an Asset Protection Trust alone. If you have not yet added this "PAT" feature to your existing Living Trust, you should seriously consider doing so right away! We at the Goralka Law Firm believe that it's so important, we now offer the "PAT" as an available feature in every new Living Trust vehicle we build!

©Goralka Law Firm under license

Testimonials

I highly recommend your service. This has been an informative, reassuring, and pleasant experience. I have benefited greatly and I am pleased to have had the opportunity to avail myself of your services.

- Dr. Isadore Morrison, Jr

Mr. Goralka is an outstanding attorney who is very competent in various areas. We have received professional services from Mr. Goralka for many years. He is local to the Sacramento area where his roots lie, however, he doesn't stop there. Just recently, he prepared Living Trust Fund where he doesn't leave any rock unturned, and gives us real peace of mind. We are privileged to endorse Mr. Goralka in every way possible.

- Mr. & Mrs. Robert Ruffino

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Goralka Law Firm serves clients throughout Sacramento, Roseville, Folsom and Elk Grove, California and the Surrounding Areas. Services provided include legal consultation and the preparation of: Revocable Living Trusts, Wills, Powers of Attorney, Living Wills, Healthcare Power of Attorney, Life Insurance Trusts, Family Limited Partnerships, Limited Liability Companies, Corporations, Charitable Trusts, Medi-Cal Planning, and Other Estate Planning and Tax Planning Strategies

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