12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
Edit & Print a Free Oregon Living Trust
  • Written by expert Attorneys
  • Guaranteed for your State
  • Personalized for your situation
  • Finish and print in minutes!

Do I Need a Living Trust in Zip Code 97005

Do I Need a Living Trust in Zip Code 97005


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.

 
Download & Print a Free OR Living Trust Personalize 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
  Answer Easy
Questions
answer simple questions online step by step
Easy Questions, Instant Documents
  • Finish in Minutes
  • Download Immediately
  • Written by Attorneys
  • 100% Guaranteed
  Get Instant Legal
    Documents

Print, save or email your finished legal document immediately!
Last Will & Testament
Related Legal Services near Zip Code 97005
Deguc Vincent A
4550 SW Hall Blvd
Beaverton, OR 97005
(503) 646-9955
Attorneys, Legal Service Plans
Bankruptcy Law Ctr
12725 SW Millikan Way
Beaverton, OR 97005
(503) 622-9404
Bankruptcy Law Attorneys,  Attorneys,  General Practice Attorneys,  Bankruptcy Services,  Legal Serv
Blyth Bradley
10700 SW Beaverton Hillsdale Hwy
Beaverton, OR 97005
(503) 641-9000
Attorneys, Legal Service Plans
Davis C Thomas
12220 SW 1st St # 100
Beaverton, OR 97005
(503) 644-9000
Attorneys
Paul Galm DUII & Personal Injury Attorney
12220 SW 1st Street
Beaverton, OR 97005
(503) 644-9000
Personal Injury Law Attorneys, Attorneys, DUI & DWI Attorneys
The Wood Law Group
12725 SW Millikan Way
Beaverton, OR 97005
(503) 607-8219
Arbitration Services,  Family Law Attorneys,  Attorneys,  Attorneys Referral & Information Service
Delo Law Office
12725 SW Millikan Way # 300
Beaverton, OR 97005
(503) 906-7993
Attorneys, General Practice Attorneys, Legal Service Plans
Jensen & Leiberan
4915 SW Griffith Dr # 100
Beaverton, OR 97005
(503) 641-7990
Attorneys, Divorce Attorneys, Family Law Attorneys
Jensen & Leiberan,
4915 S.W. Griffith Drive, Suite 100
Beaverton, OR 97005
(503) 641-7990
Divorce Attorneys
Stannard Mindy
4915 SW Griffith Dr # 100
Beaverton, OR 97005
(503) 641-7990
Attorneys
Cofield Law Office
12725 SW Millikan Way
Beaverton, OR 97005
(503) 906-7966
General Practice Attorneys, Attorneys, Legal Service Plans
Baoqin Wang
4900 SW Griffith Dr Suite 165
Beaverton, OR 97005
(503) 626-7950
Attorneys, General Practice Attorneys
Mitchell Virginia G
12100 SW Allen Blvd
Beaverton, OR 97005
(503) 626-7917
Attorneys
Oswald Jack
12100 SW Allen Blvd
Beaverton, OR 97005
(503) 626-7917
Attorneys, General Practice Attorneys, Legal Service Plans
Miller Sr Robert J
12275 SW 2nd St
Beaverton, OR 97005
(503) 641-7888
Attorneys, Legal Service Plans
Polk Arnold S
5150 SW Griffith Dr
Beaverton, OR 97005
(503) 626-7700
Attorneys, Legal Service Plans
Dusterhoff, R Bruce - Case & Dusterhoff
9800 SW Beaverton Hillsdale Hwy Suite 200
Beaverton, OR 97005
(503) 641-7222
Attorneys,  Criminal Law Attorneys,  Family Law Attorneys,  Divorce Attorneys,  Business Law Attorne
Forrest Hansen Millikin
12125 SW 2nd St
Beaverton, OR 97005
(503) 468-7189
Attorneys Referral & Information Service, Attorneys
Anderson Richard
10700 SW Beaverton Hillsdale Hwy
Beaverton, OR 97005
(503) 641-6474
General Practice Attorneys, Attorneys
Mopper Jane E
4900 SW Griffith Dr Ste 165
Beaverton, OR 97005
(503) 626-6261
Attorneys,  Legal Service Plans,  Family Law Attorneys,  Labor & Employment Law Attorneys,  Divorce
Benjamin B. Grandy PC
12275 SW 2nd Street
Beaverton, OR 97005
(503) 626-6221
Personal Injury Law Attorneys,  Wrongful Death Attorneys,  Medical Malpractice Attorneys,  Product L
Coad Michael R
4220 SW 109th Ave # 100
Beaverton, OR 97005
(503) 646-6200
Corporation & Partnership Law Attorneys, Attorneys, Business Law Attorneys
Mike Lilly
4800 SW Griffith Dr Ste 325
Beaverton, OR 97005
(503) 746-5977
Attorneys, Legal Service Plans
Rayburn Law Office
4905 SW Griffith Dr Ste 105
Beaverton, OR 97005
(503) 968-5820
Insurance Attorneys,  Attorneys,  Business Law Attorneys,  Personal Injury Law Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US