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Hiring a living trust lawyer can generally cost somewhere between $1,200 to $2,500, but for those with complicated trusts, such as people with large or complex estates or those who need a special needs trust, hiring a living trust lawyer is the best way to go. Also, some people will find the process of creating a will or a living trust rather complicated, especially those who may be computer-illiterate and are not sure where to start. However, most people can create their own living trusts with some research, a good book or two, and software and spend a fraction of the price of what it would cost to hire a lawyer.
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How can you locate a lost living trust?
The best way to locate a lost living trust is through a lawyer. A lawyer will know the proper routes to go through for finding the trust.
Does a Grant deed override a Living Trust in California?
In the state of California, a Living Trust will override a grant deed. You should speak to a lawyer to draw one up.
What is the definition of a living trust?
A living trust is simply a trust created by a living person. It is also known as an "inter vivos trust". That's Latin meaning a trust between living persons. Conversely, a trust created by someone in a will is called a testamentary trust.
What do I do in order to start a living trust?
A living trust needs to be drawn up by a lawyer. I would advise you to start by looking for a lawyer that specializes in estate planning. While forms can be downloaded on the internet, you need to make sure that everything legally required is done for your particular state. Here is a link to a good article on starting a living trust: http://www.ehow.com/how_7526244_start-living-trust.html
Can a mobile home be put into a living trust?
I don't see why not, but you would need advice from a lawyer.
What is a definition of a trust?
A living trust is simply a trust created by a living person. It is also known as an "inter vivos trust". That's Latin meaning a trust between living persons. Conversely, a trust created by someone in a will is called a testamentary trust.
Does a woman really choose her men based on her father?
No they don't. Trust me I am a girl and I wouldn't choose someone baised on my Dad
What does living trusts usually mean?
A living trust is an option some people choose instead of a will. When one is written, the person is transferring their assets to someone else. One of the main reasons they are used is because they are not a public document, and your wishes are kept private.
Living Trust Revocation?
Get StartedThe Living Trust Revocation is a document used to revoke a living trust or joint living trust. The Revocation can be used to either dismantle the entire plan of using a revocable living trust or to revoke the "old" living trust in preparation for preparing and signing a "new" living trust. However, if a new living trust will be created, and if it will have the same number of grantors as the revoked living trust, consider amending and restating the existing living trust instead of revoking it. If the living trust is merely restated and not revoked/replaced, the assets already transferred to the living trust will remain in the living trust, avoiding the need to transfer each of them. (See this program's Living Trust or Joint Living Trust documents and select the option to "Amend" the Trust.)
Minimum age of trustee in a living trust?
The minimum age for a trustee in a living trust is typically 18 years old. However, it is advisable to choose a trustee who is mature, responsible, and capable of managing the trust assets effectively.
How do I change who gets what in trust?
(NOT A LAWYER) Typically the director of the trust is the only one who can change anything about a trust.
In the case of a living trust what are credit card companies' options if the family of a deceased person does not respond to inquiries about paying off the deceased's balance?
The credit card compaines will hire someone to harass the family to get the money, or they will hire a lawyer and go to court. They don't care.
