5899 LEPRECHAUN DR contains 2,072 SqFt square feet of living area and was built in 1962. This property has an improvement value of 122700. The last assessment recorded was taken in the year 2016 with a value of 141000. This parcel is owned by Correia Henry F & Helen L Revocable Living Trust and can be described as a Single Family.
Call me at 570-468-9983 to book a speaking date in Pennsylvania, New York or New Jersey. This is not intended to provide legal advice regarding estates, estate planning, or revocable living trusts or in any other way to those who read this or hear the audio version. The author disclaims any liability for any loses either directly or indirectly ...
Dec 06, 2012 · The cost of having an attorney prepare a Revocable Living Trust is generally higher than the cost of preparing a Last Will and Testament; C. There will be legal fees incurred in
Apr 05, 2018 · Contact an Experienced Living Trusts Attorney in Granada Hills, California. Let’s talk about your estate planning needs today. You can contact our firm by calling (818) 462-8355 or by filling out the contact form on this page. From our offices based in North Hills, we provide the highest quality legal services to our clients throughout the ...
Are you ready to set up a revocable living trust? If so, the trusted San Fernando Valley revocable living trust attorney at the Law Offices of Darrell C. Harriman is ready to meet with you. For more than 38 years, our San Fernando Valley revocable living trust attorney has been dedicated to providing his clients with personalized, highly responsive service, as well as superior representation for their important estate planning matters.
Revocable living trusts are created during people’s life times, rather than after they pass away, in order to hold and manage certain property and assets. The person who develops a revocable living trust is referred to as the grantor or settlor, and the individual who manages the trust is known as the trustee. For revocable living trusts, the grantor usually serves as the trustee, deciding what assets should be used to fund the trust and how the trust will be administered.
A living trust document must contain the following items to be valid: 1 Your name as the grantor of the trust 2 The name of the trustee who will manage the trust 3 The name of the successor trustee who will manage the trust should the trustee die 4 The names of your beneficiaries 5 How the assets are to be distributed to the beneficiaries
A living trust document must contain the following items to be valid: The name of the successor trustee who will manage the trust should the trustee die. A trust document doesn't need to be filed with the state.
After your death, the trust distributes the assets to your beneficiaries. A living trust is created with a trust document or instrument. You may be able to create this yourself, but it makes sense to work with an attorney to create your trust in some situations.
For example, a condition could be that your grandchildren must graduate from college to receive their inheritance or that your beneficiaries will inherit portions of the trust at specific ages.
A handwritten trust document may be valid if it's properly signed and executed, but a typed document will be clear and easy to read and is always best. Keep it simple. The more basic your trust, the better. Don't include anything beyond the basic information required by the state. Transfer ownership.
You need help transferring assets. If you aren't sure how to legally transfer your assets into the trust, a will and trust attorney can help you do it correctly so that your trust can go into effect. A living trust is an excellent way to manage your assets during your life and ensure they are distributed to your beneficiaries after your death ...
The names of your beneficiaries. How the assets are to be distributed to the beneficiaries. A trust document doesn't need to be filed with the state. As soon as it's completed and executed according to your state laws, it is valid and in effect.
On one of the sites’s “About Us” page, it states that the “estate planner” “has been part of the living trust revolution in this country right from the beginning, along with the Late Henry W. Abts III , author of the classic book “Living Trust”. Together they have served thousands of families and saved them millions of dollars through proper estate planning. [Non-Attorney] has personally helped clients not only set up their trusts, but also fund their trusts and settle their estates, when necessary.”
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A living trust allows the person making the trust (known as the “grantor”) and the person who receives the benefits of the trust (known as the “beneficiary”) to avoid probate. With a living trust, a person is appointed to manage the funds of the trust. This person is known as the trustee. You can sometimes be the trustee of your own living trust, ...
Disputes over the way that the property is to be distributed. Conflicts over a living trust can be complex, and may require the guidance of an estate attorney. Also, some conflicts may arise when the living trust is created. An attorney can help provide insight as to the best way to create a living trust.
There are differences between a will and a living trust that you should consider, such as: Drafting and maintaining a living trust can take more time than writing a will; Lawyer’s fees for living trusts may be higher than creating a will;
You can avoid the probate process by transferring property into the living trust before your death. When you do this, all that you transfer into the living trust will pass to the recipients outside of probate. The person you appoint to handle the trust after your death, is called the “successor trustee.”.
The main advantages of living trusts or inter vivos trusts are: 1 Avoiding probate of certain property in the will (probate is the process of distributing the person’s estate after they become deceased); 2 Reducing estate taxes and other costs; and 3 Setting up long-term property management.
A will is usually more appropriate for younger people who are not at the end of their life expectancy; Wills are a fine way to distribute your property if you don’t have a large estate or many valuable assets, whereas a living trust is better to manage a larger estate with more assets;
If you are married, you can often leave the bulk of your estate to your spouse by owning your home in joint tenancy. Bank accounts may also be held or possessed in joint tenancy. If you live in a community property state, probate is usually faster and cheaper, and less necessary to avoid.