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!

FAQs on Living Trust in Zip Code 97005

FAQs on Living Trust in Zip Code 97005


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.

 
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