With our living trust preparation checklist, a DIY trust is possible! Plus, by working with a registered legal document assistant such as A People's Choice, you can avoid high attorney's fees for help drafting your trust. Read on for our complete California living trust checklist and to learn more about the necessary actions that come along with writing a trust.
You're probably familiar with the concept of a living trust, but there's an important step that comes after signing the trust. Read on to learn more about the process of funding a living trust and what consequences you may face if you fail to do so.
What is a legal document assistant and how does it compare to a paralegal? Believe it or not, hiring a legal document assistant can help you save thousands of dollars you would otherwise waste on an attorney! To help you determine which process is better for you, we've outlined from A to Z everything a legal document assistant can do.
Estate planning on your part will make life easier for your family when it is time to settle your estate. Writing a will is a good start, but having a will doesn't avoid probate if your estate has a value of $166,250 Creating the required forms for a living trust, also known as a revocable trust, is an easy solution to this problem. A trust enables your trust assets to pass directly to your heirs, avoiding probate altogether.
If you have thought at all about estate planning, congratulations! You have already saved your family lots of hassle and expense. If you have set up a living trust, even better; you are very well prepared. However, even the best-laid plans sometimes change. When this happens, you might find yourself in the position of restating a trust.
Every parent worries about what will happen to his or her children after the parent dies, but single parents have double the worries. If you are married, the default option is that your children will stay with your spouse. They may remain living in the same house, and your spouse will most likely continue to work to take care of them financially. As horrible as it is to think about your spouse and children having to adjust to life without you, it is even scarier to think about your children’s future without you if you are a single parent. Therefore, it is important for single parents to get started on estate planning — even single parents who are young and healthy.
A lot of people don't understand the difference between a will and trust. A will is a legal document which directs who will receive your property upon your death. In comparison, a living trust is a legal document which can also give instructions on how to distribute your property upon your death. With this in mind, however, a key difference between a will and trust is that a trust can also be used to distribute property before someone passes.
The process to set up a living trust in California is relatively straightforward and most people can do it themselves without having to hire a lawyer. To set up a living trust, you will need to know how you want to distribute your estate when you pass away. A People’s Choice can help you set up a living trust for a fraction of what it would cost to work with an attorney.
There are many advantages of a living trust. Setting up a living trust can avoid the expense of filing probate after someone passes away. We can create a living trust and your other estate documents for a fraction of cost an attorney would charge so your estate can avoid probate, conservatorship or guardianship.
Need to amend a living trust? A People’s Choice offers non-attorney estate planning services and can help to amend your living trust. You can save hundreds of dollars to amend a living trust by using a regisered legal document assistant rather than hiring a lawyer. Here are the steps you need to amend a living trust.