Easy Questions  
Free Legal Documents

Do I Need a Living Trust in Alstead, NH

Do I Need a Living Trust in Alstead, NH


Never say you know a man until you have divided an inheritance with him.
 
- Johann Kaspar Lavater


What is a living trust?

Living trust refers simply to the trust you create while alive. Trust is an agreement under one person called the trustee who can hold legal title to property for another person called the beneficiary. Having your own living trust and be the trustee of the same is possible. You will be responsible of keeping control over all property held in trust.

Does a living trust go through probate?

No, a revocable living trust does not go through probate after you die. The successor trustee you have appointed will just transfer ownership to the beneficiaries you have mentioned in the trust. The whole process usually takes only a few weeks with no court fees or lawyers to pay. If the transferring of property is done to the beneficiaries, the living trust will no longer exist.


Is Living Trust expensive to make?

No, a revocable living trust is not that complicated to make and you will find that it is fast, easy and affordable at 1-2-Law.

Is it a hassle to hold property in a living trust?

No, you won't need a lot of paperwork and administrative hassle to create a living trust, unlike the experience when you transfer a property directly to a beneficiary.

Is a living trust document ever made public like that of a will?

No, the terms of living trust are not divulged to the public, which is a benefit when compared to a will.


Does living trust provide protection from creditors?

No. A creditor who wins a lawsuit against you can go after the trust property and claim it as payment for what you owe.

Does a living trust protect property from creditors after I die?

Generally, after you die, all property you owned including assets held in a living trust is subject to your lawful debts. A creditor who wins a lawsuit against you can go after all the properties under your name and claim it in behalf of what you owe. However, since the living trust is not a public document, creditors will have a difficult time identifying who has inherited your properties.


If I make a living trust, do I also need to make a will?

Yes. Your will serve as an essential back-up document for the properties you were not able to transfer to yourself as a trustee. If you have a will, it will clearly state where those properties will go. In the absence of a will, your properties will go to the closest relative in an order determined by the state law.

Can a living trust reduce estate taxes?

A simple probate-avoidance living trust has no effect on state or federal estate taxes. Deaths occurred in 2014 with estates valued at more than $5.34 million will pay federal estate tax. This amount is indexed for inflation and will go up in the future. Most estates in the US are less than the $5.34 million personal exemption.

 
Personalize & Print a Free NH Living Trust Download this Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
 
Personalize & Print a Free NH Power of Attorney Download this Document
Page 1
Page 2
Page 3
Page 4
Page 5
Related Legal Services near Alstead, NH
Braun Thomas W
226 Coolidge Ave
Manchester, NH 03102
(603) 669-9400
Attorneys
Daley Terrence J
226 Coolidge Ave
Manchester, NH 03102
(603) 669-9400
Attorneys, General Practice Attorneys
Esperian Joni N Atty
226 Coolidge Ave
Manchester, NH 03102
(603) 669-9400
Attorneys
Hiller Benjamin R
226 Coolidge Ave
Manchester, NH 03102
(603) 669-9400
Attorneys
Hiller, Benjamin R - Moquin & Daley
226 Coolidge Ave
Manchester, NH 03102
(603) 669-9400
Attorneys, General Practice Attorneys, Legal Service Plans
Jenkins Martin R Lawyer
226 Coolidge Ave
Manchester, NH 03102
(603) 669-9400
Attorneys
Jones Elizabeth R
226 Coolidge Ave
Manchester, NH 03102
(603) 669-9400
Attorneys
Mc Quaid Margaret
226 Coolidge Ave
Manchester, NH 03102
(603) 669-9400
Attorneys
Whittenburg Theodore
226 Coolidge Ave
Manchester, NH 03102
(603) 669-9400
Attorneys
Davis John
212 Coolidge Ave
Manchester, NH 03102
(603) 669-9155
Attorneys, General Practice Attorneys, Legal Service Plans
Murphy Edmund J
270 Coolidge Ave
Manchester, NH 03102
(603) 668-8080
Attorneys, Legal Service Plans
Walsh Richard J
212 Coolidge Ave
Manchester, NH 03102
(603) 623-7744
Attorneys, General Practice Attorneys
Wright Nicholas D
148 Coolidge Ave # 2
Manchester, NH 03102
(603) 623-7222
Attorneys
Bouchard Kleinman & Wright PA
148 Coolidge Ave Suite 2
Manchester, NH 03102
(603) 623-7222
Attorneys,  Personal Injury Law Attorneys,  Litigation & Tort Attorneys,  Landlord & Tenant Attorney
Attorney David A. Horan
212 Coolidge Ave
Manchester, NH 03102
(603) 666-4700
Attorneys,  Drug Charges Attorneys,  Domestic Violence Attorneys,  Criminal Law Attorneys,  DUI & DW
Moquin & Daley
226 Coolidge Ave
Manchester, NH 03102
(877) 631-4562
Malpractice Law Attorneys,  Employee Benefits & Worker Compensation Attorneys,  Attorneys,  Professi
Loo Eugene D
226 Coolidge Ave
Manchester, NH 03102
(877) 631-4562
Attorneys,  Labor & Employment Law Attorneys,  Social Security & Disability Law Attorneys,  Personal
James Ball
P.O. Box 2993
Concord, NH 03302
(603) 748-3022
Divorce Attorneys, Family Law Attorneys, Litigation & Tort Attorneys
Chamberlain Michael R
195 McGregor St # 400
Manchester, NH 03102
(603) 206-2771
Attorneys, Legal Service Plans
Utell Mitchell P
633 2nd St
Manchester, NH 03102
(603) 668-2027
Attorneys, Legal Service Plans, General Practice Attorneys
Zerr Kermit J
212 Coolidge Ave
Manchester, NH 03102
(603) 222-2012
Attorneys
Roman Judith A
PO Box 3497
Concord, NH 03302
(603) 225-0522
Attorneys
Mark H.Campbell
633 2nd St
Manchester, NH 03102
(603) 666-0025
Attorneys, Legal Service Plans
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US