Easy Questions  
Free Legal Documents

FAQs on Living Trust in Alston, GA

FAQs on Living Trust in Alston, GA


Good plans shape good decisions. That's why good planning helps to make elusive dreams come true.
 
- Geoffrey Fisher


What is a living trust?

A living trust is also known as "inter vivos" Latin for "among the living,". It is a trust arrangement you create while you are still alive. Trust is an arrangement where a trustee is assigned to hold legal title over the property of another person or beneficiary. You can be the trustee of your own living trust to ensure full control of all the properties indicated in the document.

There are different types of living trust that can help avoid legal processes of proving the validity of a will, reduce estate tax, and create a long-term property management.

Why Make a Living Trust?

A living trust can avoid an expensive legal process to prove the legality of a will. Properties that are left through the trust are protected from probate. The process usually takes months before the beneficiary gets anything. After the proceedings, some of the value of what has been left would have been already consumed by attorney's fees and other legal charges.

Does a Living Trust Prevent Probate?

Yes, the appointed trustee would handle the transfer the ownership of the property to the beneficiaries outlined in the trust, without needing to go through probate. This process only takes weeks and may completely avoid all lawyer and court fees. When all the trust assets have been completely transferred to the beneficiaries, the living trust simply ceases to exist.

Is it expensive to create a living trust?

No, creating a living trust at 1-2-Law is fast easy and very affordable.

Is it difficult to hold property in a living trust?

No, holding property, and transferring property into and out of a trust are not particularly difficult to administer.

Is there a possibility that a living trust will be made public like a will?

No, unlike a will, a living trust does not need to be made public.

Will a living trust protect you from creditors?

No, creditors who win a lawsuit against you can go after your property even if it is placed in a trust. All your properties held in trust are subject to your lawful debts. This is true even after you pass away, but the confidentiality of a living trust may make it difficult for creditors to identify beneficiaries.

If I have a living trust, do I still need a will?

Yes, you need a will to cover any assets that have not been transferred into your living trust. Your will can stipulate the beneficiaries of your entire estate, whereas the living trust only addresses assets that were placed into the trust.

The distribution of your of your assets if you die without a will would depend on the law of the state in which you reside. Typically, it goes to the closest relatives. It is up to the state court to decide, so if you want a say in the distribution of your residual estate, it is important to make a will alongside your living trust.

Can a living trust reduce estate taxes?

A living trust has no effect on the state or federal tax, all the trust assets will be added to your personal estate. However, only estates that are worth more than $5.34 million in 2014 (indexed for inflation) will owe federal estate tax.

 
Personalize & Print a Free GA 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 GA Power of Attorney Download this Document
Page 1
Page 2
Page 3
Page 4
Page 5
Related Legal Services near Alston, GA
Green Street Law Offices
884 Green St SW
Conyers, GA 30012
(770) 918-9914
Attorneys, Criminal Law Attorneys
Myers Iii, Albert A Mumford & Myers
884 Green St SW
Conyers, GA 30012
(770) 918-9914
Criminal Law Attorneys, Attorneys
Carter Russell D
567 Ralph McGill Blvd NE
Atlanta, GA 30312
(404) 377-9900
Entertainment & Sports Law Attorneys, Attorneys, Legal Service Plans
Weldon & Associates
1071 West Ave SW
Conyers, GA 30012
(678) 413-9823
Attorneys, Legal Service Plans, General Practice Attorneys
Prioleau & Associates
505 Pryor St SW
Atlanta, GA 30312
(404) 526-9400
Employment Discrimination Attorneys, Attorneys, Labor & Employment Law Attorneys, Employee Benefits
Lynch Law Group PC
505 Pryor St SW
Atlanta, GA 30312
(404) 880-9393
Divorce Attorneys, Family Law Attorneys, Attorneys
Mc Elreath & Stevens
513 Edgewood Ave SE # 100
Atlanta, GA 30312
(404) 467-9017
Social Security & Disability Law Attorneys, Attorneys
McElreath And Stevens LLC
513 Edgewood Ave SE
Atlanta, GA 30312
(404) 467-9017
Social Security & Disability Law Attorneys,  Attorneys,  Labor & Employment Law Attorneys,  Wills,
Gerald A Griggs LLC
501 Pulliam Street SW Ste 150
Atlanta, GA 30312
(404) 221-8888
Legal Clinics, Legal Service Plans, Criminal Law Attorneys, Attorneys
R D Moore Iv Law Offices
974 Milstead Ave NE
Conyers, GA 30012
(770) 929-8702
General Practice Attorneys, Attorneys
Read Tk
915 Commercial St NE
Conyers, GA 30012
(770) 929-8644
Attorneys,  Real Estate Attorneys,  Personal Injury Law Attorneys,  Discrimination & Civil Rights La
King King & Jones PC
659 Auburn Ave NE
Atlanta, GA 30312
(404) 522-8481
Criminal Law Attorneys, Attorneys, Legal Service Plans
J. L. Johnson & Associates, LLC
444 Highland Avenue NE, Suite
Atlanta, GA 30312
(404) 879-8439
Attorneys,  Family Law Attorneys,  Divorce Attorneys,  Bankruptcy Law Attorneys
Boemanns Law Office
44 Blue Ridge St # B
Blairsville, GA 30512
(706) 745-7717
Real Estate Attorneys, Attorneys, General Practice Attorneys
Maddox Nix Bowman & Zoeckler
945 Bank St NE
Conyers, GA 30012
(770) 922-7700
Real Estate Attorneys, Attorneys, General Practice Attorneys
Bowman, Thomas A
945 Bank St NE
Conyers, GA 30012
(770) 922-7700
Attorneys
Zoeckler, Robert L
945 Bank St NE
Conyers, GA 30012
(770) 922-7700
Attorneys
Moran & Associates
659 Auburn Ave NE
Atlanta, GA 30312
(404) 758-7500
Attorneys,  Legal Service Plans,  Criminal Law Attorneys,  Personal Injury Law Attorneys,  Drug Char
Rick J. DeMedeiros, PC
909 Commercial Street
Conyers, GA 30012
(888) 995-7425
Personal Injury Law Attorneys, Workers Compensation Assistance, Attorneys
Host Nation Perspectives
423 Georgia Ave SE # 100
Atlanta, GA 30312
(678) 705-7171
Contract Law Attorneys, Attorneys
Vaughan Michelle
360 Highway 515 W
Blairsville, GA 30512
(706) 745-7052
Attorneys,  Criminal Law Attorneys,  Family Law Attorneys,  Accident & Property Damage Attorneys,  G
Oeland, Paul J
919 Center St NE
Conyers, GA 30012
(770) 483-6524
Criminal Law Attorneys, Attorneys
Sheppard & Associates Law Office PC
455 Park Ave SE
Atlanta, GA 30312
(404) 622-5777
Attorneys, General Practice Attorneys, Legal Service Plans
Wesley Williams & Associates
94 L Town Sq
Blairsville, GA 30512
(706) 745-5599
Corporation & Partnership Law Attorneys, Attorneys, General Practice Attorneys, Legal Service Plans,
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US