Living Trust. Download online state specific estate planning (revocable living trust) documents. Void Probate
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To better understand the issues relating to your legal situation or problem, our legal information and other law related facts may be of interest to you
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If I make a Living Trust, do I still need a will.
Yes, you do and here's why:
A will is an essential back-up device for Property that you don't transfer to yourself as Trustee. For example, if you acquire Property shortly before you die, you may not think to transfer ownership of it to your trust -- which means that it won't pass under the terms of the trust document. But in your back-up will, you can include a clause that names someone to get any Property that you haven't left to a particular person or entity.
If you don't have a will, any Property that isn't transferred by your Living Trust or other Probate-avoidance device (such as joint tenancy) will go to your closest relatives in an order determined by state law. These laws may not distribute Property in the way you would have chosen.
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Return to all Living Trust legal information
Legal Articles about Living Trust
Living Trust Frequently Asked Questions
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Problems Solved by Estate Planning
A living trust can solve many of the problems encountered in estate planning. Some ...
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Try to Avoid Probate with Living Trust
First of all, what is probate? We've heard various things about probate and we pretty ...
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The AB Living Trust Saves Taxes
Some people must consider federal estate tax when planning their finances. Estate tax ...
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Must-have documents for new parents
Fort Wayne Journal Gazette
We're still kicking, and we've now added a guardianship document to our will, but the original blunder got me thinking: If two pros like us can screw this up, maybe other people need help. That's why I dug deep to develop this list of ... When the ...
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3 Reasons You'll Still Need Estate Planning Even if the Death Tax Disappears
Yahoo Finance
3 Reasons You'll Still Need Estate Planning Even if the Death Tax Disappears. Dan Caplinger, The Motley ... Estate taxes have been in the crosshairs of many lawmakers for years because many see them as an onerous form of double taxation that takes ...
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