Revocable Living Trust
Revocable Living Trust Preparation in Riverside County, CA
Also Providing Quality Service to Surrounding Areas
If you Own a Home: Upon your passing, if your primary home values above $750,000.00 it may be subject to Probate courts. Probate is a court process that can be time consuming and expensive for your heirs/family. However, if you have a Revocable Living Trust your assets/home avoid probate, saving your
beneficiaries time and money.
Parents With Minor Children: A properly prepared Revocable Living Trust will contain a C.A. Last Will & Testament (CA Will) so parents can designate
guardianships for their children, otherwise the state courts will appoint a legal guardian to raise your minor children. In addition, with a Living Trust you can
specify exactly how you want your assets distributed & what age your heirs should receive their inheritance.
Revocable Living Trust
- Living Trust Agreement: A legal document that allows you to transfer ownership of your assets to a trustee, who then manages them according to your specific instructions in the trust.
- Declaration of Trust: Legal document that confirms that you intend to include all your valuable assets into the Living Trust.
- Certification of Trust: A legal document that can be used to certify both the existence of a Living Trust, as well as prove a Trustee’s legal authority to act.
- Assignment of Personal Property: Legal document that specifies your transferring of tangible personal property (i.e., vehicles, furniture, jewelry) into your Revocable Living Trust.
- California Last Will & Testament (Pour Over Will): Legal document that specifies how your assets should be distributed upon your death. Pour Over Will is used when you have a Revocable Living Trust & want to ensure any remaining assets are transferred into your trust.
- Financial/Advance Healthcare Directive: Legal documents that allow a trusted person to make financial or medical decisions on your behalf.
- Preparation of new Grant Deed (Funding Your Trust): You change the titles of your assets from your name, to the name of the Revocable Trust. This makes the trust the legal owner of your assets which is called “funding your trust”. This ensures that your assets will be distributed according to your Revocable Trust and avoid going through Probate court and unnecessary fees.
What’s Included In A Revocable Living Trust?
- Living Trust Agreement: A legal document that allows you to transfer ownership of your assets to a trustee, who then manages them according to your specific instructions in the trust.
- Declaration of Trust: Legal document that confirms that you intend to include all your valuable assets into the Living Trust.
- Certification of Trust: A legal document that can be used to certify both the existence of a Living Trust, as well as prove a Trustee’s legal authority to act.
- Assignment of Personal Property: Legal document that specifies your transferring of tangible personal property (i.e., vehicles, furniture, jewelry) into your Revocable Living Trust.
- California Last Will & Testament (Pour Over Will): Legal document that specifies how your assets should be distributed upon your death. Pour Over Will is used when you have a Revocable Living Trust & want to ensure any remaining assets are transferred into your trust.
- Financial/Advance Healthcare Directive: Legal documents that allow a trusted person to make financial or medical decisions on your behalf.
- Preparation of new Grant Deed (Funding Your Trust): You change the titles of your assets from your name, to the name of the Revocable Trust. This makes the trust the legal owner of your assets which is called “funding your trust”. This ensures that your assets will be distributed according to your Revocable Trust and avoid going through Probate court and unnecessary fees.
How We Make Revocable Living Trust Preparation Simple
Preparing a revocable living trust in Riverside County, CA, and surrounding areas involves several important steps, and my goal is to make the process clear and manageable. Once clients have decided to prepare a revocable trust, I send them a questionnaire which outlines their personal information regarding their family assets, names of children/heirs, beneficiaries, etc. This questionnaire is vital since it helps me to identify what your intentions are and how to properly prepare your revocable trust.
Reach out now and protect your assets and your family’s future by preparing your personal revocable trust today.