American Legal Documents has over 20 years experience in Estate Planning/Living Trusts. We use this experience to best serve our clients.
American Legal Documents has qualified team of attorneys to provide all services regarding a Living Trust in Los Angeles CA, Orange County and Rancho Cucamonga.
A living trust is a written legal document which in many cases is used for estate planning . The main benefit of a living trust is the facilitationof a seamless and timely transfer of assets upon one’s death.
Ex. John wants to make sure his assets are distributed to the ones he loves. John creates a livingtrust.John names himself as the trustee and designates beneficiaries. Upon creation of the trust, John places assets (home, money in bank accounts, investments, etc.,) into the trust. John, being the trustee, maintains control of all assets and uses them as he sees fit. Upon death, these assets are distributed according to instructions set forth in the living trust.
This is known as a basic revocable living trust. They are revocable trusts, because one can change them, or even revoke them while still alive.