California residents who would like to set parameters around the distribution and use of their assets may choose to create a trust. Both a revocable trust and an irrevocable trust can resolve issues that may arise in the probate process.
For example, parents may use a trust to appoint a particular guardian or successor trustee to help manage funds for their children. This arrangement can prevent assets from going to other family members after the person's death. One factor that draws many individuals to trusts is that they are private financial tools. In comparison, wills are read publicly during the probate process. However, trusts are administered outside of the probate process and away from the control of a court.