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!
 
 

Benefits of a Living Trust in Zip Code 93953

Benefits of a Living Trust in Zip Code 93953


If you want to really know what your friends and family think of you die broke, and then see who shows up for the funeral.
 
- Gregory Nunn


You can make your own basic Living Trust or create a living trust jointly with your spouse. There are many available types of living trust, though some are complicated and can only be used for certain circumstances.

Creating a Living Trust Online

  • Bypass Living Trust: This can be used for married couples with a combined estate that can surpass the estate tax threshold.
  • Special Need Living Trust: Leaving a property to someone with disability.
  • Spendthrift living trust: The beneficiary is someone deemed unable to control his spending and who cannot be trusted to manage money. This living trust will control the beneficiary's ability to spend money.

The Essentials in Creating a Living Trust

You need to decide the following before you begin building your online living trust documents at 12Law.com:

  • List of your beneficiaries
  • List of back up beneficiaries
  • List of young beneficiaries that require guardianship and property management until they reach adulthood
  • First and second choice of successor trustee


  • How to Create a Living Trust

    • Use 12Law.com to create your online living trust document. It shouldn't take long to think through what you want in this important legal document
    • Have your living trust document notarized. Sign your document in front of a notary public. Usually, banks offer free notary services
    • Transfer property into your living trust. Depending on the type of property you are transferring to your living trust, the transfer may take a few weeks to take effect. All property with a title or deed needs to have the title or deed documents updated. This step is absolutely essential.

    How to Change or Revoke Your Living Trust

    Restating or revoking your living trust by adding or removing property is done by transferring your property ownership back to yourself, updating the list of living trust property attached to the trust document and also by revising the property titles.


    When to Use a Living Trust

    Making a revocable living trust can fulfill your wish of giving your property to the beneficiaries of your choice. A living trust avoids any possibility of having the estate tied up in probate (a big advantage over a Last Will and Testament).

    A living trust can spare your family from the expense and delay of a probate that is common when using a will. It can prevent probate from tying up your real estate and other miscellaneous assets. If you have money in a bank, brokerage, and other retirement accounts it would be effective to name "payable-on-death" beneficiaries for each account.

    A living trust can ensure that what you bequeath remains confidential, except when it comes to real estate transfers that can be made public. Making a living trust is not much more complicated than making a will. The important thing to note, however, is to make sure that ownership of all the property you have indicated in the living trust document is legally transferred to the trust, with you as the trustee.

    It may be a good idea to appoint another trustee for the living trust., in case you become incapacitated. He or she will take care of your financial affairs when you are incapable of doing it and will take over the management of the trust assets after you die. The absence of a living trust will make the court arrange someone to take over the affairs you left behind.


    Individual or Shared Living Trusts for Couples

    A Living Trust can be individual or shared. Couples can make a probate-avoiding trust together as a shared living trust. This is preferable especially if you have large, jointly held assets. Needing to divide up the jointly owned property is avoided. Shared living trusts can also be useful to bequeath property to a surviving spouse.

    When one grantor dies, the property left to the surviving spouse stays in the living trust and does not need to be transferred. In the case of individual living trusts, the property left to the survivor has to be transferred from the living trust of the grantee to the survivors then to avoid probate, again placed in the survivor's living trust. Individual trusts may make sense in certain circumstances:

  • Both of you have signed an agreement that each spouse's earning and other income are separate and each of you wants to keep your property separately
  • You are newly married with little or no property together
  • You owned property before marriage and don't want it comingled with assets you will acquire together during the marriage. You will be in sole control of your own trust property.
  • Community Property States. Decisions you make may be affected by the community property laws of your state. This law states that, as a general rule, spouses should share income acquired during marriage 50-50. Properties earned during the marriage are a community property regardless of the name in the title.
  • Non- Community Property States. The name stated in the title document is considered the owner of that property. If you acquire property together, consider a shared living trust. If you own separate property, then an individual living trust may be appropriate for one or both of you
  •  
    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 93953
    A Preferred Document Svc
    24881 Alicia Pkwy Ste E
    Laguna Hills, CA 92653
    (949) 829-9940
    Paralegals
    Dack Martin
    23041 Avenida De La Carlota # 300
    Laguna Hills, CA 92653
    (949) 206-9848
    General Practice Attorneys, Attorneys
    James Prietto Law Offices
    23046 Avenida De La Carlota Ste 600
    Laguna Hills, CA 92653
    (949) 457-9800
    Attorneys, Family Law Attorneys, Divorce Attorneys, Immigration Law Attorneys, Estate Planning Attor
    Timothy McCandless
    820 Main St
    Martinez, CA 94553
    (925) 957-9797
    Bankruptcy Law Attorneys, Attorneys, General Practice Attorneys
    Currington Law Group Christina H. Currington
    1000 Court St
    Martinez, CA 94553
    (510) 799-9777
    Divorce Attorneys,  Attorneys,  Family Law Attorneys,  Probate Law Attorneys,  Wills, Trusts & Esta
    Tully & Weiss
    713 Main St
    Martinez, CA 94553
    (925) 229-9700
    Attorneys, Criminal Law Attorneys, Litigation & Tort Attorneys, General Practice Attorneys
    Stefanie Brabec
    25231 Paseo De Alicia Suite 120
    Laguna Hills, CA 92653
    (949) 727-9690
    Divorce Attorneys, Family Law Attorneys, Attorneys, Child Custody Attorneys
    Orange County Trial Lawyers
    25602 Alicia Pkwy # 403
    Laguna Hills, CA 92653
    (949) 916-9577
    Attorneys Support & Service Bureaus
    Aarons Vilma M Attorney
    23521 Paseo De Valencia
    Laguna Hills, CA 92653
    (949) 454-9455
    Attorneys, Probate Law Attorneys, Estate Planning, Probate, & Living Trusts
    Werner David C
    23422 Mill Creek Dr # 110
    Laguna Hills, CA 92653
    (949) 460-9280
    General Practice Attorneys, Attorneys
    Attorneys Divorce and Family Law
    1000 Court St
    Martinez, CA 94553
    (925) 335-9200
    Attorneys, Family Law Attorneys, Legal Service Plans
    Keefe Marcia K
    1000 Court St
    Martinez, CA 94553
    (925) 335-9200
    Attorneys,  General Practice Attorneys,  Family Law Attorneys,  Divorce Attorneys
    Thompson Brent
    78100 Main St
    La Quinta, CA 92253
    (760) 771-9111
    Employee Benefits & Worker Compensation Attorneys, Attorneys, Labor & Employment Law Attorneys
    Mark Ronald H
    23151 Moulton Pkwy, Ste. 113
    Laguna Hills, CA 92653
    (949) 455-9111
    Personal Injury Law Attorneys, Attorneys, General Practice Attorneys
    Michael Lunas
    306 N Main St
    Lakeport, CA 95453
    (707) 263-8900
    General Practice Attorneys, Attorneys, Legal Service Plans
    Morris M Conway
    23020 Atlantic Cir
    Moreno Valley, CA 92553
    (951) 924-8888
    Attorneys, Mediation Services, Arbitration Services
    Bebereia Donald P
    25231 Paseo De Alicia #120
    Laguna Hills, CA 92653
    (949) 951-8822
    Divorce Attorneys, Attorneys, Legal Service Plans, Family Law Attorneys
    The Bonney Law Firm
    706 Main St
    Martinez, CA 94553
    (925) 957-8811
    Estate Planning, Probate, & Living Trusts, Estate Planning Attorneys, Probate Law Attorneys, Real Es
    David R. Duringer, Prof. Corp.
    23046 Avenida De La Carlota Ste 600
    Laguna Hills, CA 92653
    (949) 525-8800
    Estate Planning Attorneys, Wills, Trusts & Estate Planning Attorneys, Attorneys
    Semansky Law Firm
    535 Main St # 3
    Martinez, CA 94553
    (925) 372-8766
    Attorneys,  General Practice Attorneys,  Legal Service Plans,  Criminal Law Attorneys,  Personal Inj
    Jackson & Wilson A Professional Law Corporation
    23161 Mill Creek Dr Ste 150
    Laguna Hills, CA 92653
    (949) 855-8752
    Accident & Property Damage Attorneys, Attorneys, General Practice Attorneys
    Michelle Sukhov Law Offices
    23272 Mill Creek Dr # 320
    Laguna Hills, CA 92653
    (949) 457-8515
    General Practice Attorneys, Attorneys, Legal Service Plans
    Jeffrey Dawson
    9841 Irvine Center Dr. Suite 210
    Laguna Hills, CA 92653
    (949) 588-8411
    Attorneys
    Greerty Thomas
    917 Las Juntas St
    Martinez, CA 94553
    (925) 370-8400
    Attorneys, General Practice Attorneys
    12Law.com   |  NASHVILLE, TN USA   |  CONTACT US