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 95487

FAQs on Living Trust in Zip Code 95487


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 95487
Antonioli & Farley
525 W Remington Dr
Sunnyvale, CA 94087
(408) 739-9717
Attorneys, General Practice Attorneys, Legal Service Plans
Brignac's Paralegal Contracting Services
TOURNEY Rd. Ste.201 27201
Valencia, CA 91387
(323) 239-8517
Attorneys, Divorce Attorneys, Paralegals, Legal Service Plans
Philip B. Sarmiento
3938 Smith St Suite D
Union City, CA 94587
(510) 258-8091
Immigration Law Attorneys
Velton Zegelman -
525 W Remington Dr Suite 106
Sunnyvale, CA 94087
(408) 505-7892
Small Business Attorneys
Winterbotham Parham Teeple
22605 La Palma Ave # 510
Yorba Linda, CA 92887
(714) 543-7717
Bankruptcy Law Attorneys, Bankruptcy Services, Attorneys
Sandy Liu
PO Box 2692
Union City, CA 94587
(510) 408-7548
Traffic Law Attorneys, Wills, Trusts & Estate Planning Attorneys, Divorce Attorneys, Family Law Atto
Singh & Assoc
4128 Venus Pl
Union City, CA 94587
(510) 471-7500
Paralegals
Jeffrey Preefer Law Office
333 W El Camino Real
Sunnyvale, CA 94087
(408) 720-7000
Attorneys,  General Practice Attorneys,  Family Law Attorneys,  Divorce Attorneys,  Social Security
Ritzinger David P
2601 Nut Tree Rd
Vacaville, CA 95687
(707) 365-6510
Attorneys,  Bankruptcy Services,  Bankruptcy Law Attorneys,  Financial Services
Walker Trial Lawyers
31618-1 Railroad Canyon Rd.
Canyon Lake, CA 92587
(951) 667-5792
Attorneys, Criminal Law Attorneys, Divorce Attorneys, Civil Litigation & Trial Law Attorneys, Genera
The Epstein Group
4 Union Sq
Union City, CA 94587
(415) 863-5718
Corporation & Partnership Law Attorneys,  Attorneys,  Labor & Employment Law Attorneys,  Real Estate
A.M. Process Services
P.O. Box 71236
Bakersfield, CA 93387
(661) 204-5606
Attorneys Support & Service Bureaus, Process Servers
Bloom & Rudibaugh
31594 Railroad Canyon Rd Ste C
Canyon Lake, CA 92587
(951) 674-4748
Estate Planning Attorneys,  Attorneys,  Family Law Attorneys,  Divorce Attorneys,  Real Estate Attor
Canyon Legal Center
31630 Railroad Canyon Rd Ste 7
Canyon Lake, CA 92587
(951) 567-4328
Personal Injury Law Attorneys,  Immigration & Naturalization Consultants,  Arbitration & Mediation A
Kelly Lawrence M
333 W El Camino Real
Sunnyvale, CA 94087
(408) 736-3535
Attorneys, General Practice Attorneys
Law Pro-9 P C
2601 Nut Tree Rd
Vacaville, CA 95687
(707) 448-3310
Attorneys,  Legal Service Plans,  Tax Attorneys,  Bankruptcy Services,  Bankruptcy Law Attorneys,  B
Immigration Specialist
1310 Hollenbeck Ave
Sunnyvale, CA 94087
(559) 224-2933
Immigration Law Attorneys, Immigration & Naturalization Consultants, Attorneys
Silver & Taube
1339 Pauline Dr
Sunnyvale, CA 94087
(408) 737-2313
Attorneys
Beck & Greer
31580 Railroad Canyon Rd Ste 1
Canyon Lake, CA 92587
(951) 244-2001
Attorneys, General Practice Attorneys, Criminal Law Attorneys, Legal Service Plans
Dubin Group
1467 Prince Edward Way
Sunnyvale, CA 94087
(408) 773-1873
Attorneys Referral & Information Service, Attorneys, General Practice Attorneys
Giardinelli Law Group
31594 Railroad Canyon Rd Ste A
Canyon Lake, CA 92587
(951) 244-1856
Real Estate Attorneys, Attorneys, Legal Service Plans
Injury Law Center - Jack Bloxham
34716 Alvarado Niles Rd
Union City, CA 94587
(510) 832-1177
Personal Injury Law Attorneys, Attorneys, Accident & Property Damage Attorneys, Legal Service Plans,
Bloxham Jack
34716 Alvarado Niles Rd
Union City, CA 94587
(510) 832-1177
Attorneys,  Accident & Property Damage Attorneys,  Personal Injury Law Attorneys,  Legal Service Pla
Total Attorneys - Criminal Defense
PO Box 273687
Bakersfield, CA 93387
(661) 750-0353
Criminal Law Attorneys, Attorneys, Legal Service Plans
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US