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Trust administration is not a court ordered process. It involves the transfer of property from the creator of the trust to the trust’s beneficiaries. Unlike probate proceedings, trust administration allows for the simple distribution of property to beneficiaries. Read on to learn more about trust administration. Get Trust Administration help [...]

People often confuse the term "Grant Deed" vs "Deed of Trust". A deed signifies the passage of property ownership from one person to another. Transferring title to real property can be completed by a Grant Deed, Quitclaim Deed, Interspousal Transfer Deed, Trust Transfer Deed or other type of deed that transfers ownership/title. On the contrary, [...]

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.

A power of attorney is a legal document that allows you to appoint another person to manage your affairs in the event you become incapacitated. There are different types of power of attorneys. Each type permits the person you appointed, known as the "attorney-in-fact," to exercise different degrees of control over your affairs. They may be able to control your finances, make decisions about your health, or both. Most people do not realize there are different variations of this designation.

In order for a disabled person to receive disability benefits, such as Supplemental Security Income (SSI) and Medicaid, he/she must demonstrate that he/she needs the income to live independently.  Any assets, even gifts from family members, may be counted against him/her, and could reduce his/her benefits. There are two ways that family members can contribute to a disabled person without those contributions affecting their benefits- special needs trusts and California ABLE accounts.

To settle revocable trust assets after the trustee's death, you will follow a process similar to probating a will but without the court process. With this in mind, there are a few differences you must know. The successor trustee must follow specific steps to handle this process correctly. If you leave anything out, then the revocable trust may not be settled. A People's Choice can help you navigate the sometimes complicated process of how to settle a revocable trust after the trustee's death.

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.