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 94970

Do I Need a Living Trust in Zip Code 94970


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 94970
Germain Law
945 Morning Star Dr
Sonora, CA 95370
(209) 536-9577
Attorneys, Real Estate Attorneys, Bankruptcy Law Attorneys
Borden Mark -
86 S Green St
Sonora, CA 95370
(209) 536-9535
Attorneys,  Drug Charges Attorneys,  Criminal Law Attorneys,  Sex Offense Attorneys,  Family Law Att
Western Pacific Company
9041 Valley Blvd
Rosemead, CA 91770
(626) 287-9476
Paralegals, Legal Document Assistance
Chou Steven
14111 Freeway Dr # 300
Santa Fe Springs, CA 90670
(562) 407-9333
Attorneys, Probate Law Attorneys, Wills, Trusts & Estate Planning Attorneys, General Practice Attorn
Peterson Rollie
2377 Gold Meadow Way
Gold River, CA 95670
(916) 635-9300
General Practice Attorneys, Attorneys
Browne Kathie
41750 Rancho Las Palmas Dr # L-6
Rancho Mirage, CA 92270
(760) 837-9292
Corporation & Partnership Law Attorneys, Attorneys, Business Law Attorneys
Smith Maurice B
11231 Gold Express Dr
Gold River, CA 95670
(916) 438-9167
Attorneys,  Wrongful Death Attorneys,  Personal Injury Law Attorneys,  Accident & Property Damage At
A A Attorney Assisted
15605 Carmenita Rd
Santa Fe Springs, CA 90670
(562) 404-9023
General Practice Attorneys,  Bankruptcy Law Attorneys,  Attorneys,  Bankruptcy Services
Donaldson Brad W
11341 Gold Express Dr # 110
Gold River, CA 95670
(916) 631-8746
Attorneys, Legal Service Plans
Commonwealth Law Group
71843 Highway 111 Ste. B
Rancho Mirage, CA 92270
(760) 552-8699
Criminal Law Attorneys, Attorneys, Legal Clinics
Dedina Steven J
35900 Bob Hope Dr # 215
Rancho Mirage, CA 92270
(760) 202-8600
Attorneys Referral & Information Service, Attorneys, General Practice Attorneys
Winn Joseph R
11231 Gold Express Dr # 108
Gold River, CA 95670
(916) 631-8585
Divorce Attorneys, Attorneys, Family Law Attorneys, Legal Service Plans
Pacific Dynasty Regl Ctr Inc
3501 Hart Ave
Rosemead, CA 91770
(626) 288-8538
Immigration Law Attorneys, Immigration & Naturalization Consultants, Attorneys
Salisbury Susan
8461 Drayer Ln
Rosemead, CA 91770
(626) 571-8445
Attorneys, Legal Service Plans
Spitze Cherie A
81 N Washington St
Sonora, CA 95370
(209) 532-8396
Attorneys,  Family Law Attorneys,  Divorce Assistance,  Legal Service Plans,  Estate Planning Attorn
James Wm. Webster
36 N Washington St
Sonora, CA 95370
(209) 532-8390
Attorneys,  Accident & Property Damage Attorneys,  Personal Injury Law Attorneys,  Criminal Law Atto
Patrick B Greenwell
945 Morning Star Dr
Sonora, CA 95370
(209) 588-8233
Attorneys,  Bankruptcy Services,  General Practice Attorneys,  Legal Service Plans,  Bankruptcy Law
Tran Henry
4213 Rosemead Blvd
Rosemead, CA 91770
(626) 285-8200
General Practice Attorneys, Attorneys, Legal Service Plans
Tweedy Charles A
11341 Gold Express Dr
Gold River, CA 95670
(916) 538-7937
Attorneys, Corporation & Partnership Law Attorneys, Business Law Attorneys, General Practice Attorne
Walters & Zinn Law Offices
2377 Gold Meadow Way
Gold River, CA 95670
(916) 363-7840
Attorneys,  Employment Opportunities,  Employee Benefits & Worker Compensation Attorneys,  Divorce A
Brady, Matthew V
2339 Gold Meadow Way
Gold River, CA 95670
(916) 538-7826
Attorneys,  Mediation Services,  Business Law Attorneys,  Administrative & Governmental Law Attorney
Brady Matthew V
2339 Gold Meadow Way
Gold River, CA 95670
(916) 538-7826
Attorneys, Mediation Services, Business Law Attorneys, Administrative & Governmental Law Attorneys,
Toledo Leticia G
909 Laurel St
San Carlos, CA 94070
(650) 591-7352
Attorneys, Estate Planning Attorneys, Real Estate Attorneys, Legal Service Plans
Tans General Services
8905 Garvey Ave # A9
Rosemead, CA 91770
(626) 288-7108
Paralegals
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US