It is used to avoid the costly and time-consuming probate process, while is public in nature, requires statutory fees (the cost of probate determined the State of California), and can take anywhere from six months to several years for your beneficiaries to receive their inheritance.It enables you to decide who inherits from you and at what time in their lives they will receive that inheritance.Assists you with planning for incapacity.Allows you to plan for yourself and loved ones without giving up control of your assets.Allows you to plan which taking into account the current and possible future concerns you might have for family members.Allows you to accomplish your goals for yourself, your family and your assets.Allows you to make charitable gifts and to create other specific gifting strategies.Reduces income, gift, estate and generation skipping taxes.Keeps your estate planning affairs private.Prevents family conflicts.Gives you the ability to make decisions about who will assist you and our loved ones in the event of an unexpected accident, diminished capacity and eventual death.Eases the management of your financial and legal affairs during your incapacity and after your passing.Provides loved ones with efficient and timely inheritance, as quickly as 120 days.Gives you the peace of mind that the assets you worked so hard to acquire will be distributed in accordance with your wishes.