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What is a living trust?

For most people the word trust, living trust, and revocable living trust are interchangeable terms that mean the document you’re creating in California and in some other states, to make sure that when you die your estate does not go through the probate process. Probate is long, expensive, public and you don’t have control over what happens.

A living trust is just like a will and you do need one if your estate is worth more than a $150,000 or if you own real estate of any value. And even in some situations when it’s under a $150,000 and you want to make provisions about when your kids get the property, etc.

  • Does transferring a property into a living trust protect me from creditors or lawsuits?

    Unfortunately, transferring a property to a living trust does not protect you. One of the advantages of a living trust is that you can change it. The reason you can […]

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  • Can I do my estate planning through LegalZoom?

    What is the difference between me handling things myself using LegalZoom vs. coming here and working with you? As a person who is a do-it-yourselfer, I understand the urgent desire […]

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  • Should I discuss with my children how they fit into my trust?

    Should I have conversations with the people that I am planning to put into my trust? It usually comes down to children and many people completing this process are doing […]

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