Can a Living Trust Be Contested?
A living trust helps protect your assets in case you cannot manage them during your lifetime. It also transfers those […]
Does a Living Trust Need To Be Recorded in California?
Are you considering setting up a trust for your heirs but are concerned about your estate affairs becoming public knowledge? At AmeriEstate, we understand your desire to keep your estate private. Fortunately, when you create a living trust in California, you do not need to record the document with the county or state. Establishing a revocable trust protects your assets and maintains your privacy. Living trusts are an important estate planning tool that provides numerous benefits for you and your heirs, not the least of which is keeping your trust out of public records.
How Much Does It Cost To Set Up a Living Trust?
The most common choice you have when setting up an estate plan is the choice between a will and a living trust. A will triggers probate unless your estate falls below a minimum threshold of value. In many states, the minimum threshold is about $50,000.
What Should You Not Put in a Living Trust?
When you create a living trust, it’s often tempting to try to shelter everything you own by putting all your most valuable assets in it. A revocable trust offers numerous benefits, protecting you from creditors while you live, giving you control over your assets, and offering flexibility in how you distribute your assets after death. It also protects your privacy and saves your beneficiaries from the probate process.
Does the Bank Need a Copy of Your Trust?
One of the benefits of setting up a trust is to keep your financial affairs private. At AmeriEstate, we often field questions from our clients about how trusts work. We get a recurring question: "Why does the bank need a copy of my trust?” Typically, the question arises after they create their trust and attempt to move bank accounts into the trust, resulting in the bank asking for trust documents to proceed.
Putting a House in a Trust: An Introductory Guide
If you’re like many, your most valuable asset is your home and it’s one you hope to pass on to your heirs after you die. An important component of estate planning is ensuring a transfer of assets to your loved ones with as little financial and emotional repercussions as possible. Putting a house in trust can accomplish that.
Caring for Loved Ones with Mental Health Challenges: The Dual Role of Conservatorships and Living Trusts
Caring for a family member with mental health issues can be a deeply emotional and challenging task. It involves providing emotional support but also making important decisions about their well-being and financial matters. In these situations, establishing a conservatorship and creating a living trust can play a pivotal role in ensuring the best interests of your loved one.
3 Reasons to Seriously Consider Using a Living Trust for Your Family’s Inheritance
When it comes to planning your estate and ensuring a smooth transfer of your assets to your loved ones, the choice between a living trust and a will is a crucial decision. While both serve the purpose of distributing your assets big or small, a living trust offers several distinct advantages.
Discover the Benefits of a Living Trust
No matter where you are on your life’s journey, establishing measures that protect you, your loved ones and your assets is essential for long-term security. Contrary to what many believe, you don’t need significant wealth to benefit from estate planning.
Webinar Replay: Is Your Living Trust Properly Funded
Creating your trust is very important. Now is always the time to fund your living trust. It is imperative to fund or put assets into your living trust for a variety of reasons. Watch this webinar to learn more.