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 San Luis Rey, CA

Do I Need a Living Trust in San Luis Rey, CA


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 San Luis Rey, CA
Law and Mediation Offices of David L. Price
1 City Blvd W Ste 1400
Orange, CA 92868
(714) 872-9709
Mediation Services,  Attorneys,  Family Law Attorneys,  Legal Service Plans
Bosse Gregory L
701 S Parker St Ste 6000
Orange, CA 92868
(714) 550-9555
Attorneys,  Accident & Property Damage Attorneys,  Personal Injury Law Attorneys,  Legal Service Pla
Stephen T Hodge
8224 Elk Grove-Florin Rd 42 F
Sacramento, CA 92368
(916) 525-9455
Attorneys, Wills, Trusts & Estate Planning Attorneys, Family Law Attorneys
Citty Legal Form Preparation
888 N Main St
Orange, CA 92868
(714) 744-9443
Legal Document Assistance, Paralegals, Divorce Assistance, Attorneys
Leversen & Leversen
333 City Blvd W Ste 1815
Orange, CA 92868
(714) 939-9390
Attorneys
Supervised Visitation Monitor(s)
15155 Olive St # 417
Oro Grande, CA 92368
(760) 475-9338
Family Law Attorneys, Attorneys
Wogee Hagner Hudes & Cyprien
1835 W Orangewood Ave
Orange, CA 92868
(714) 712-9254
Accident & Property Damage Attorneys, Attorneys, Legal Service Plans
Mitchell John H
600 S Main St # 900
Orange, CA 92868
(714) 972-9000
Attorneys, Tax Attorneys
Sobti Law Group
333 City Blvd W Ste 260
Orange, CA 92868
(951) 845-8889
Attorneys,  Legal Service Plans,  Bankruptcy Law Attorneys,  Business Bankruptcy Law Attorneys
Wilner O'Reilly A Pro Law Corp
333 City Blvd W
Orange, CA 92868
(714) 919-8880
Immigration Law Attorneys, Attorneys
Law & Mediation Offices of David L. Price
625 The City Dr S Ste 260
Orange, CA 92868
(714) 703-8840
Mediation Services,  Attorneys,  Family Law Attorneys,  Legal Service Plans
Bleau Fox a PLC
3575 Cahuenga Blvd W
Los Angeles, CA 90068
(323) 874-8613
Attorneys, Legal Service Plans, Business Law Attorneys, Insurance Attorneys, Litigation & Tort Attor
Kern County District Attorney
311 N Lincoln St
Taft, CA 93268
(661) 763-8531
Probate Law Attorneys, Attorneys
McCall Patrick A
765 The City Dr S
Orange, CA 92868
(714) 740-8400
Attorneys, General Practice Attorneys, Legal Service Plans
Mitchell Law Firm
333 City Blvd W Fl 17th
Orange, CA 92868
(800) 805-8385
Attorneys,  Accident & Property Damage Attorneys,  Personal Injury Law Attorneys,  Legal Service Pla
Almost Free Legal Clinic
11501 Dublin Blvd
Dublin, CA 94568
(925) 452-8225
Legal Clinics,  Legal Document Assistance,  Divorce Assistance,  Attorneys Referral & Information Se
Corralas Law Group Inc.
171 S Anita Dr
Orange, CA 92868
(714) 978-8100
Immigration Law Attorneys
Gilbert Irene Casson
625 The City Dr S Ste 355
Orange, CA 92868
(949) 348-8023
Attorneys, Legal Service Plans, Family Law Attorneys, Divorce Attorneys, Child Custody Attorneys
Nialis, Mark
500 N State College Blvd
Orange, CA 92868
(714) 634-8001
Attorneys,  Business Law Attorneys,  Civil Litigation & Trial Law Attorneys,  Corporation & Partners
Donald Hunsberger Law Office
625 The City Dr S # 345
Orange, CA 92868
(714) 663-8000
Estate Planning Attorneys, Attorneys, General Practice Attorneys
Orange County Family Yanez & Associates
625 The City Dr S, #490
Orange, CA 92868
(714) 971-8000
Family Law Attorneys, Divorce Attorneys, Attorneys
Zech Walter R Inc.
333 City Blvd W Ste 1815
Orange, CA 92868
(714) 667-7905
Accident & Property Damage Attorneys, Attorneys, Legal Service Plans
Niven & Niven
333 City Blvd W Ste 1605
Orange, CA 92868
(714) 978-7887
Attorneys,  Family Law Attorneys,  Divorce Attorneys,  Personal Injury Law Attorneys,  General Pract
AAA Child Custody, Family Law & Lawsuit Defense
333 City Blvd West, 17th Floor
Orange, CA 92868
(714) 514-7761
Family Law Attorneys, Paralegals, Secretarial Services
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US