Updating a living trust speed dating miami groupon
We also invite you to attend one of our Free Living Trust Seminars.
Your spouse would control the shared property if you do in fact predecease your spouse.
Revocable living trusts can also be set up for divorce protection, so that upon the death of the first spouse, the surviving spouse acts with a co-trustee that oversees the deceased spouse’s part of the community property and the deceased spouse’s separate property.
I practice law in California, which is a community property jurisdiction.
Whenever the Schedule A is used to delineate separate property from community property, there is usually a recitation in the trust stating that the Schedule A will be kept and maintained in this manner for this purpose.
If you were to become incapacitated, the disability trustee would be empowered to administer the trust. Probate can be succinctly defined as the legal process of estate administration.
If you use a will to direct the transfer of your personally held property, the will must be admitted to probate.
You can avoid probate and the drawbacks that go along with it if you use a revocable living trust to facilitate future asset transfers.
Married Couples Now that we have provided some background, we can look at the question that serves as the topic of this post.
This report is being offered free of charge, and you can download it through this website.
To obtain access, click the following link: Free Living Trust Report.
With the aid of public seminars, educational presentations, articles, and radio/television interviews, the law office has championed the use of revocable living trusts as a proven way to protect families from probate, to minimize or eliminate federal estate taxes, and to prevent the Medi-Cal Recovery lien. They are members of the American Academy of Estate Planning Attorneys and National Academy of Elder Law Attorneys.