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 32746

FAQs on Living Trust in Zip Code 32746


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 FL 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 32746
Hyde Isadore PA Law Offices
570 Weldon Blvd
Lake Mary, FL 32746
(407) 688-9711
General Practice Attorneys, Attorneys, Legal Service Plans
Dynamic Sports & Enterntainment
1025 Greenwood Blvd
Lake Mary, FL 32746
(407) 936-9060
Entertainment & Sports Law Attorneys
Frank P Remsen Pa,
801 International Parkway, 5th Floor
Lake Mary, FL 32746
(407) 898-8822
Child Custody Attorneys, Attorneys, Criminal Law Attorneys
Donnelly & Associates Inc
822 Tomlinson Ter
Lake Mary, FL 32746
(407) 688-8123
Attorneys Support & Service Bureaus
Donnelly & Assoc Inc
3070 W Lake Mary Blvd
Lake Mary, FL 32746
(407) 688-8123
Attorneys Support & Service Bureaus
Mott Michael A
1001 Heathrow Park Ln # 1025
Lake Mary, FL 32746
(407) 878-7853
Attorneys Referral & Information Service, Attorneys, Attorneys Support & Service Bureaus
Chase Freeman PA
1525 International Pkwy
Lake Mary, FL 32746
(407) 333-7337
Attorneys, Corporation & Partnership Law Attorneys, Business Litigation Attorneys, Legal Service Pla
Yaroslav Banaev Immigration
288 Snowfields Run
Lake Mary, FL 32746
(407) 718-7118
Immigration Law Attorneys, Attorneys, Immigration & Naturalization Consultants
Andrea Dwyer, P.L.
1035 Primera Blvd., Suite 1041
Lake Mary, FL 32746
(407) 982-7000
Attorneys,  Bankruptcy Services,  Bankruptcy Law Attorneys,  Counselors-Licensed Professional
Rosier, Joseph A
559 S Country Club Rd
Lake Mary, FL 32746
(407) 321-6577
Attorneys,  Criminal Law Attorneys,  Business Law Attorneys,  Personal Injury Law Attorneys,  Litiga
David M. Carrera, P.A.
1540 International Pkwy, #2000
Lake Mary, FL 32746
(407) 668-6555
Divorce Attorneys, Foreclosure Services, Eviction Service, Bankruptcy Law Attorneys, Estate Planning
The Mott Law Firm
1001 Heathrow Park Ln Ste 1025
Lake Mary, FL 32746
(407) 268-6420
Accident & Property Damage Attorneys, Attorneys, Legal Service Plans
Accent On Paralegal & Nonlawye
600 Rinehart Rd
Lake Mary, FL 32746
(407) 324-5885
Paralegals
Higley & Szabo PA
185 Waymont Ct
Lake Mary, FL 32746
(321) 363-5266
Business Litigation Attorneys
Rudnitsky Law Firm
145 Middle St
Lake Mary, FL 32746
(407) 323-4949
Attorneys, General Practice Attorneys, Legal Service Plans, Consumer Law Attorneys
Friedland Judith B
1515 International Pkwy # 2031
Lake Mary, FL 32746
(407) 444-4930
Family Law Attorneys, Attorneys
Triumvirate Law Group
122 N 4th St
Lake Mary, FL 32746
(386) 878-4794
Divorce Attorneys, Attorneys, Family Law Attorneys, Legal Service Plans
James O. Cunningham, P.A.
1001 Heathrow Park Lane Suite 4001
Lake Mary, FL 32746
(407) 487-4408
Personal Injury Law Attorneys,  Wrongful Death Attorneys,  Medical Malpractice Attorneys,  Product L
Toro Accounting Services, LLC
1540 International Pkwy Suite
Lake Mary, FL 32746
(321) 363-4246
Financing Services, Financing Consultants, Accounting Services, Accountants-Certified Public, Small
Vickaryous James G
1515 International Pkwy
Lake Mary, FL 32746
(407) 333-3332
Accident & Property Damage Attorneys, Civil Litigation & Trial Law Attorneys, Attorneys
Fisher & Frommer, PLLC
250 International Parkway, Ste. 260
Lake Mary, FL 32746
(407) 829-3292
Criminal Law Attorneys,  Family Law Attorneys,  General Practice Attorneys,  Immigration Law Attorne
???
43 Skyline Dr # 2020
Lake Mary, FL 32746
(407) 330-2727
Attorneys Referral & Information Service, Legal Service Plans
James Mancuso & Assoc PA
1025 Greenwood Blvd
Lake Mary, FL 32746
(407) 804-2500
Real Estate Attorneys, Attorneys
Brian D Stokes Law Office
605 Crescent Executive Ct
Lake Mary, FL 32746
(407) 585-2499
General Practice Attorneys, Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US