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!
 
 

FAQs on Living Trust in Zip Code 91980

FAQs on Living Trust in Zip Code 91980


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


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.

What is a Living Trust?

A Living 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 12Law 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 CA 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 Zip Code 91980
May John K
421 Grand Ave
South San Francisco, CA 94080
(650) 827-9992
Attorneys, Criminal Law Attorneys
Pacelli Richard W
17662 Irvine Blvd # 12
Tustin, CA 92780
(714) 838-9800
General Practice Attorneys, Attorneys
One Legal Inc
18051 Irvine Blvd
Tustin, CA 92780
(714) 480-9797
Attorneys Referral & Information Service
Sheldon Michael J
17291 Irvine Blvd # 150
Tustin, CA 92780
(714) 558-9542
Attorneys,  General Practice Attorneys,  Criminal Law Attorneys,  Family Law Attorneys,  Divorce Att
Jane Bauer
1131 E Main St # 107
Tustin, CA 92780
(714) 730-9522
Attorneys, General Practice Attorneys, Legal Service Plans
Schrenker Law Firm
13522 Newport Ave # 201
Tustin, CA 92780
(714) 731-9500
Attorneys Referral & Information Service
Mentis Law Group
14751 Plaza Dr Ste J
Tustin, CA 92780
(714) 750-9447
Attorneys,  Legal Service Plans,  Bankruptcy Services,  Bankruptcy Law Attorneys,  Insurance Attorne
Peoples Immigration Cmnty Ctr
9121 Long Beach Blvd
South Gate, CA 90280
(323) 826-9440
Immigration Law Attorneys, Attorneys, Immigration & Naturalization Consultants
Gordon And Wong Law Group
510 Myrtle Ave # 102
South San Francisco, CA 94080
(650) 583-9399
Attorneys,  Legal Service Plans,  Business Law Attorneys,  Bankruptcy Services,  Bankruptcy Law Atto
Cronin Timothy
17822 17th St # 101
Tustin, CA 92780
(714) 505-9365
General Practice Attorneys, Attorneys
Milligan Samuel J
1254 Irvine Blvd
Tustin, CA 92780
(714) 544-9300
Attorneys, Legal Service Plans
Ricks Cecil E Jr
315 Centennial Way
Tustin, CA 92780
(714) 966-9190
Attorneys, General Practice Attorneys
Machiavelli W Law Office
2882 Walnut Ave
Tustin, CA 92780
(714) 669-8899
General Practice Attorneys, Attorneys, Legal Service Plans
Mosher Nelson H Jr
15600 Washington Ave
San Lorenzo, CA 94580
(510) 278-8854
Attorneys,  Probate Law Attorneys,  Bankruptcy Services,  Bankruptcy Law Attorneys,  Financial Servi
E. Thomas Dunn, Jr.
1432 Edinger Ave Ste 240
Tustin, CA 92780
(714) 258-8829
Western Intelligence Agency
7108 KATELLA AVA. SUITE 431
Stanton, CA 90680
(888) 250-8768
Paralegals, Process Servers, Legal Service Plans, Legal Document Assistance
Immigration Consulting Service
3116 Firestone Blvd
South Gate, CA 90280
(323) 587-8757
Immigration Law Attorneys, Immigration & Naturalization Consultants, Attorneys
Marvin M Oliver
13522 Newport Ave
Tustin, CA 92780
(714) 734-8700
Attorneys
D. Scott Carruthers
8448 Katella Ave
Stanton, CA 90680
(800) 495-8682
Attorneys, Collection Law Attorneys, Bankruptcy Law Attorneys
Kramer, Valerie L
507 E 1st St
Tustin, CA 92780
(714) 544-8600
Attorneys, Real Estate Attorneys
Martin Law Firm
1215 Monroe St
Red Bluff, CA 96080
(530) 527-8510
General Practice Attorneys, Attorneys
Ochoa Victor
919 Lynn Ct
San Lorenzo, CA 94580
(510) 261-8474
Attorneys
Rohani Law
151 Yorba St Suite 100
Tustin, CA 92780
(949) 545-8458
Credit & Debt Counseling,  Bankruptcy Law Attorneys,  General Practice Attorneys,  Attorneys
Tien Vincent
17291 Irvine Blvd # 152
Tustin, CA 92780
(714) 544-8436
General Practice Attorneys, Attorneys, Legal Service Plans
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US