12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Do I Need a Living Trust in Avella, PA

Do I Need a Living Trust in Avella, PA


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


A Living Trust refers simply to a property-owning legal entity you create while alive.

What is a living trust?

A Trust is an agreement whereby one person called the trustee 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 12Law.

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 PA Living Trust Create 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
Related Legal Services near Avella, PA
Diane Baker Law
27 S Arlene St
Harrisburg, PA 17112
(717) 671-9600
Attorneys, Legal Service Plans, Criminal Law Attorneys, Family Law Attorneys, Divorce Attorneys, Rea
Mc Andrews Dennis
30 Cassatt Ave
Berwyn, PA 19312
(610) 648-9300
Attorneys,  Accident & Property Damage Attorneys,  General Practice Attorneys,  Legal Service Plans
Henry Debra L Law Offices
1011 Fells Church Rd
Belle Vernon, PA 15012
(724) 379-9166
General Practice Attorneys,  Attorneys,  Legal Service Plans,  Bankruptcy Law Attorneys
Sabatini Carlo
216 N Blakely St
Dunmore, PA 18512
(570) 341-9000
Bankruptcy Law Attorneys, Attorneys, Legal Service Plans, General Practice Attorneys
Scheidt Jill M
50 E Philadelphia Ave
Boyertown, PA 19512
(610) 326-8940
Accident & Property Damage Attorneys, Attorneys, Criminal Law Attorneys
Meade James R
5 Acorn Ln
Boyertown, PA 19512
(610) 367-8884
General Practice Attorneys
Patterson Cody & Winters
470 Locust St
Columbia, PA 17512
(717) 684-8800
General Practice Attorneys, Attorneys, Criminal Law Attorneys, Legal Service Plans
FitzPatrick Law Group, LLC
1235 Westlakes Drive Suite 295
Berwyn, PA 19312
(610) 400-8766
Attorneys,  Criminal Law Attorneys,  Family Law Attorneys,  Estate Planning, Probate, & Living Tru
Spyra Dennis J
525 Broad Ave
Belle Vernon, PA 15012
(724) 930-8584
Attorneys, Legal Service Plans
Mazzei & Assoc
212 State St
Belle Vernon, PA 15012
(724) 929-8004
Bankruptcy Law Attorneys, Bankruptcy Services, Attorneys
Cummings Glen P
3915 Mount Troy Rd
Pittsburgh, PA 15212
(412) 822-7530
Attorneys Support & Service Bureaus
Glenn P Cummings
3915 Mount Troy Rd
Pittsburgh, PA 15212
(412) 822-7530
Attorneys Referral & Information Service, Attorneys, Legal Service Plans
Murphy Robert J
208 Chestnut St
Dunmore, PA 18512
(570) 343-7444
Attorneys,  Family Law Attorneys,  Estate Planning, Probate, & Living Trusts,  Accident & Property
Orlando Jr Eugene
300 E Philadelphia Ave
Boyertown, PA 19512
(610) 367-7443
Elder Law Attorneys,  Attorneys,  Real Estate Attorneys,  General Practice Attorneys
4 Northshore Assoc
106 Isabella St
Pittsburgh, PA 15212
(412) 359-7390
Attorneys
Banta Lynn
3282 Memorial Hwy
Dallas, PA 18612
(570) 675-7200
Attorneys
Montgomery McCracken Walker & Rhoads LLP
1235 Westlakes Dr Ste 200
Berwyn, PA 19312
(610) 251-7200
Accident & Property Damage Attorneys, Attorneys, Legal Service Plans
Wade Law Office
1211 Monterey St
Pittsburgh, PA 15212
(412) 322-7200
General Practice Attorneys, Attorneys, Legal Service Plans
D'Andrea Joseph R
320 N Blakely St
Dunmore, PA 18512
(570) 207-7113
Criminal Law Attorneys, Attorneys, Legal Service Plans
Attorney William D. Thompson
320 North Blakely Street
Dunmore, PA 18512
(570) 207-7108
Attorneys, Corporation & Partnership Law Attorneys, General Practice Attorneys, Employee Benefits &
Dinello Darrin C
5405 Jonestown Rd Ste 101
Harrisburg, PA 17112
(717) 909-6730
General Practice Attorneys, Attorneys, Legal Service Plans
Mccormick, Doug Travis Law Firm
102 Lorna Ln
Edinboro, PA 16412
(814) 734-6076
Attorneys,  Accident & Property Damage Attorneys,  General Practice Attorneys,  Legal Service Plans,
Kelly Parker & Cohen
5425 Jonestown Rd Suite 103
Harrisburg, PA 17112
(717) 746-6056
Immigration Law Attorneys,  Attorneys,  Criminal Law Attorneys,  Legal Service Plans,  Administrativ
Richardson Jane
1436 Lancaster Ave # 240
Berwyn, PA 19312
(610) 647-5800
Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US