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 92585

FAQs on Living Trust in Zip Code 92585


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 92585
Riddle Edwin M
9439 Main St
Upper Lake, CA 95485
(707) 275-9281
Attorneys, Bankruptcy Services, Legal Service Plans
Golden State Legal
555 Pine Ave
Sunnyvale, CA 94085
(650) 424-8900
Paralegals, Legal Document Assistance
Bernadicou Michael A
1279 Oakmead Pkwy
Sunnyvale, CA 94085
(408) 720-8300
Corporation & Partnership Law Attorneys, Legal Service Plans
Vorreiter Patricia Atty
333 W Maude Ave Ste 201
Sunnyvale, CA 94085
(408) 730-8300
Family Law Attorneys, Attorneys, General Practice Attorneys
Vorreiter Patricia Attorney
333 W Maude Ave
Sunnyvale, CA 94085
(408) 730-8300
Family Law Attorneys, General Practice Attorneys, Attorneys
HIllman & Lucas
1 Harbor Ctr #220
Suisun City, CA 94585
(707) 427-7377
Attorneys,  Estate Planning, Probate, & Living Trusts,  Civil Litigation & Trial Law Attorneys,  B
Prince, Leslie - Russo & Prince
1 Harbor Ctr # 230
Suisun City, CA 94585
(707) 427-6777
Attorneys, Criminal Law Attorneys, Family Law Attorneys, Labor & Employment Law Attorneys, Divorce A
Russo & Prince
1 Harbor Ctr Suite 230
Suisun City, CA 94585
(707) 552-6777
Family Law Attorneys,  Attorneys,  Legal Service Plans,  Divorce Assistance,  Criminal Law Attorneys
Russo & Prince
1 Harbor Ctr Ste. 230
Suisun City, CA 94585
(707) 427-6777
Child Custody Attorneys,  Attorneys,  Divorce Assistance,  Criminal Law Attorneys,  Family Law Attor
Birnbaum, Robin M - Russo & Prince
1 Harbor Ctr # 230
Suisun City, CA 94585
(707) 427-6777
Estate Planning Attorneys, Attorneys, Legal Service Plans
Matthew J. Jensen
830 Stewart Drive, Suite 207
Sunnyvale, CA 94085
(408) 982-6288
Child Custody Attorneys, Civil Litigation & Trial Law Attorneys, Divorce Attorneys, Domestic Violenc
Lacey A Laurence
9187 Spanish St
Sutter Creek, CA 95685
(209) 245-6110
Attorneys, Legal Service Plans
Foyil David E
18B Bryson Dr
Sutter Creek, CA 95685
(209) 267-5848
Adoption Law Attorneys,  Attorneys,  Divorce Attorneys,  Bankruptcy Law Attorneys,  Family Law Attor
David E Foyil
18 Bryson Dr
Sutter Creek, CA 95685
(209) 223-5363
Attorneys
David E Foyil
18 Bryson Dr
Sutter Creek, CA 95685
(209) 223-5363
Attorneys
Hobson Kevin J
30 Main St # 2
Sutter Creek, CA 95685
(209) 267-5295
General Practice Attorneys, Attorneys, Legal Service Plans
McGrath James A
270 Hanford St Suite A
Sutter Creek, CA 95685
(209) 223-2868
Attorneys
Parks, William
333 Cobalt Way
Sunnyvale, CA 94085
(408) 720-1709
Bankruptcy Law Attorneys, Attorneys, Family Law Attorneys
Mcgrath James A
PO Box 1327
Sutter Creek, CA 95685
(209) 267-1232
Attorneys,  Family Law Attorneys,  Accident & Property Damage Attorneys,  Legal Service Plans,  Bank
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US