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 Kirkwood, CA

FAQs on Living Trust in Kirkwood, CA


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 Kirkwood, CA
Sloss Law Ofc. PC
1234 N Crescent Heights Blvd
West Hollywood, CA 90046
(323) 822-9776
General Practice Attorneys, Attorneys
Rose's Legal Document Svc
3200 Spring St # 1
Paso Robles, CA 93446
(805) 239-9562
Paralegals, Legal Document Assistance
Waylett Thomas D
1111 Riverside Ave Ste 103
Paso Robles, CA 93446
(805) 238-9444
Attorneys, General Practice Attorneys
Affordable Bankruptcy Asssitance
17420 S. Avalon Blvd. Ste. 207
Carson, CA 90746
(800) 318-9298
Foreclosure Services,  Bankruptcy Services,  Bankruptcy Law Attorneys,  Attorneys
Rise & Randy Krejca
9182 Pioneer Dr
Huntington Beach, CA 92646
(714) 962-9197
Bankruptcy Law Attorneys
Marc Grossman
13052 Valley Blvd
La Puente, CA 91746
(626) 968-9138
Attorneys, Corporation & Partnership Law Attorneys, General Practice Attorneys, Employee Benefits &
Jeanne Karaffa Law Offices
1411 N Hayworth Ave # 7
West Hollywood, CA 90046
(323) 654-9088
General Practice Attorneys, Attorneys, Legal Service Plans
Hagan David L
731 21st St
Paso Robles, CA 93446
(805) 239-8999
Attorneys,  Legal Service Plans,  Criminal Law Attorneys,  Family Law Attorneys,  Labor & Employment
Bruce Tarkington
20200 Redwood Rd Ste 16
Castro Valley, CA 94546
(510) 886-8833
General Practice Attorneys, Attorneys, Legal Service Plans
Golden Oak Estate Sales
7485 Monterey Rd
Paso Robles, CA 93446
(805) 434-8300
Estate Planning Attorneys, Estate Planning, Probate, & Living Trusts
Michael Raab
7119 W. Sunset Blvd., Ste. 645
Los Angeles, CA 90046
(818) 326-8100
Criminal Law Attorneys, Attorneys
We Help You Legal
722 10th St
Paso Robles, CA 93446
(805) 237-7770
Paralegals, Legal Document Assistance, Divorce Assistance
Campbell Patrick D
17511 Incense Ct
Penn Valley, CA 95946
(530) 432-7715
General Practice Attorneys, Attorneys
Scoles Patricia M
1104 Vine St # B
Paso Robles, CA 93446
(805) 227-7184
Attorneys, General Practice Attorneys, Legal Service Plans
Clark Company
1031 Pine St
Paso Robles, CA 93446
(805) 238-7110
Real Estate Buyer Brokers,  Real Estate Agents,  Real Estate Management,  Attorneys
Sanchez Law Office
13181 Crossroads Pkwy N Ste 420
City Of Industry, CA 91746
(562) 692-6623
Attorneys, General Practice Attorneys, Legal Service Plans, Tax Attorneys, Business Law Attorneys, E
Sacramento California Bankruptcy Lawyer, PC
6440 Carolinda Dr
Granite Bay, CA 95746
(916) 409-6600
Credit & Debt Counseling,  Bankruptcy Services,  Bankruptcy Law Attorneys,  Business Bankruptcy Law
Cristy's Immigration Svc
14258 Nelson Ave
City Of Industry, CA 91746
(626) 336-6462
Immigration Law Attorneys, Immigration & Naturalization Consultants, Attorneys
Arend Law Firm
9610 Nacimiento Lake Dr
Paso Robles, CA 93446
(805) 237-6400
General Practice Attorneys, Attorneys
Gephart & Silverman
4 Oak Tree Pl
Mammoth Lakes, CA 93546
(760) 934-6215
Attorneys, Criminal Law Attorneys, Family Law Attorneys, Divorce Attorneys, Corporation & Partnershi
Dimick Steven The Law Offices
20880 Redwood Rd
Castro Valley, CA 94546
(510) 537-6200
Attorneys,  General Practice Attorneys,  Legal Service Plans,  Probate Law Attorneys,  Wills, Trust
Jean St. Martin
1229 Vine St
Paso Robles, CA 93446
(805) 238-6000
Attorneys
Wood Frederick G
126 Old Mammoth Rd Ste 203
Mammoth Lakes, CA 93546
(760) 934-5821
Civil Litigation & Trial Law Attorneys, Attorneys
R. A. Baylis and Associates
9042 Garfield Ave
Huntington Beach, CA 92646
(714) 627-5674
Traffic Law Attorneys, Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US