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 Zip Code 94590

Do I Need a Living Trust in Zip Code 94590


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 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 94590
Whitaker, Richard A Advocates For Disability
400 Santa Clara St # 102
Vallejo, CA 94590
(707) 642-9438
Social Security & Disability Law Attorneys, Attorneys, Legal Service Plans, Labor & Employment Law A
Evans Diana P Law Clinic of
706 Tuolumne St
Vallejo, CA 94590
(707) 554-9400
Attorneys,  Family Law Attorneys,  Divorce Attorneys,  Legal Clinics,  Legal Service Plans,  Probate
Vega Bert M
506 Sacramento St
Vallejo, CA 94590
(707) 558-9379
Attorneys,  Personal Injury Law Attorneys,  Criminal Law Attorneys,  Bankruptcy Law Attorneys,  Immi
A Aaron Associates
2408 Sonoma Blvd
Vallejo, CA 94590
(707) 553-9000
Paralegals, Attorneys, Family Law Attorneys, Divorce Attorneys, Notaries Public
John Stanko - Law Offices
312 Georgia St
Vallejo, CA 94590
(707) 642-8900
General Practice Attorneys, Attorneys, Legal Service Plans
Miller Claudelle D
301 Georgia St # 322
Vallejo, CA 94590
(707) 557-7722
Attorneys,  General Practice Attorneys,  Legal Service Plans,  Attorneys Referral & Information Serv
Healy, Thomas R - Daniel J Healy Law Office
1930 Sonoma Blvd
Vallejo, CA 94590
(707) 553-7360
Attorneys, General Practice Attorneys, Criminal Law Attorneys, Family Law Attorneys, Divorce Attorne
Healy Thomas R
1930 Sonoma Blvd
Vallejo, CA 94590
(707) 553-7360
Trujillo, Kelly J
601 Carolina St
Vallejo, CA 94590
(707) 553-7360
Attorneys, Corporation & Partnership Law Attorneys, Legal Clinics, Legal Service Plans
Wells Call Clark Bennett
521 Georgia St
Vallejo, CA 94590
(707) 643-7224
Personal Injury Law Attorneys, Insurance Attorneys, Attorneys
Freeman & Freeman
1035 Tennessee St
Vallejo, CA 94590
(800) 578-7141
Attorneys, General Practice Attorneys
Bellia Salvatore
521 Georgia St
Vallejo, CA 94590
(707) 731-7100
Attorneys,  Estate Planning, Probate, & Living Trusts,  Accident & Property Damage Attorneys,  Per
Norbert U Frost
1517 Tennessee St
Vallejo, CA 94590
(707) 515-6557
Business Law Attorneys, Attorneys, Family Law Attorneys, Divorce Attorneys, Wills, Trusts & Estate P
Centro Latino
808 Tennessee St
Vallejo, CA 94590
(707) 553-6050
Immigration Law Attorneys, Bookkeeping, Tax Return Preparation, Notaries Public, Tax Return Preparat
Jessica Agnich
521 Georgia Street
Vallejo, CA 94590
(707) 622-5879
Juvenile Law Attorneys, Criminal Law Attorneys, General Practice Attorneys
Michael Brown's Law Office
515 Tennessee St
Vallejo, CA 94590
(707) 552-4111
Attorneys,  Accident & Property Damage Attorneys,  Personal Injury Law Attorneys,  Automobile Accide
Favaro Lavezzo Gill Caretti & Heppell -
300 Tuolumne St
Vallejo, CA 94590
(707) 552-3630
Personal Injury Law Attorneys, Wrongful Death Attorneys, Attorneys
William H. Bullis
301 Georgia St Suite 309
Vallejo, CA 94590
(707) 812-3605
Attorneys
Atkins & Anderson
1221 Monterey St
Vallejo, CA 94590
(707) 648-3240
General Practice Attorneys, Attorneys, Workers Compensation Assistance
Esther C Moore
2103 Redwood St
Vallejo, CA 94590
(707) 648-3110
Attorneys, Family Law Attorneys, Divorce Assistance
Ligda, Paul Lawyer-Atty
PO Box 4512
Vallejo, CA 94590
(707) 644-2545
Attorneys,  Criminal Law Attorneys,  Family Law Attorneys,  Juvenile Law Attorneys,  Divorce Attorne
Sunshine Paralegal Svc
301 Georgia St # 118
Vallejo, CA 94590
(707) 567-2483
Paralegals
Lockwood Lawrence L
521 Georgia St
Vallejo, CA 94590
(707) 647-2205
Attorneys,  Estate Planning, Probate, & Living Trusts,  Bankruptcy Law Attorneys,  Financial Servi
Surowitz Immigration PC
805 Tuolumne St
Vallejo, CA 94590
(707) 647-2191
Legal Service Plans,  Administrative & Governmental Law Attorneys,  Attorneys,  Immigration Law Atto
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US