12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Do I Need a Living Trust in Zip Code 06516

Do I Need a Living Trust in Zip Code 06516


Never say you know a man until you have divided an inheritance with him.
 
- Johann Kaspar Lavater


A Living Trust refers simply to a property-owning legal entity you create while alive.

What is a Living Trust?

A Trust is an agreement whereby one person called the trustee can hold legal title to property for another person called the beneficiary. Having your own living trust and be the trustee of the same is possible. You will be responsible of keeping control over all property held in trust.

Does a living trust go through probate?

No, a revocable living trust does not go through probate after you die. The successor trustee you have appointed will just transfer ownership to the beneficiaries you have mentioned in the trust. The whole process usually takes only a few weeks with no court fees or lawyers to pay. If the transferring of property is done to the beneficiaries, the living trust will no longer exist.


Is Living Trust expensive to make?

No, a revocable living trust is not that complicated to make and you will find that it is fast, easy and affordable at 12Law.

Is it a hassle to hold property in a living trust?

No, you won't need a lot of paperwork and administrative hassle to create a living trust, unlike the experience when you transfer a property directly to a beneficiary.

Is a living trust document ever made public like that of a will?

No, the terms of living trust are not divulged to the public, which is a benefit when compared to a will.


Does Living Trust provide protection from creditors?

No. A creditor who wins a lawsuit against you can go after the trust property and claim it as payment for what you owe.

Does a living trust protect property from creditors after I die?

Generally, after you die, all property you owned including assets held in a living trust is subject to your lawful debts. A creditor who wins a lawsuit against you can go after all the properties under your name and claim it in behalf of what you owe. However, since the living trust is not a public document, creditors will have a difficult time identifying who has inherited your properties.


If I make a Living Trust, do I also need to make a will?

Yes. Your will serve as an essential back-up document for the properties you were not able to transfer to yourself as a trustee. If you have a will, it will clearly state where those properties will go. In the absence of a will, your properties will go to the closest relative in an order determined by the state law.

Can a living trust reduce estate taxes?

A simple probate-avoidance living trust has no effect on state or federal estate taxes. Deaths occurred in 2014 with estates valued at more than $5.34 million will pay federal estate tax. This amount is indexed for inflation and will go up in the future. Most estates in the US are less than the $5.34 million personal exemption.

 
Personalize & Print a Free CT Living Trust Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Related Legal Services near Zip Code 06516
Barrett Peter C
140 Captain Thomas Blvd
West Haven, CT 06516
(203) 931-9722
Personal Injury Law Attorneys, Automobile Accident Attorneys, Attorneys
Hannan Richard C Jr Atty
384 Center St
West Haven, CT 06516
(203) 934-9439
Attorneys
Miss Patty
733 Saw Mill Rd
West Haven, CT 06516
(203) 932-9150
Psychics & Mediums,  Churches & Places of Worship,  Attorneys Referral & Information Service,  Media
Kerry M. Connor
203 Campbell Ave
West Haven, CT 06516
(203) 937-8535
Attorneys
Stephen I. Small, LLC
203 Campbell Ave
West Haven, CT 06516
(203) 937-8535
Attorneys,  Foreclosure Services,  Legal Service Plans,  Bankruptcy Law Attorneys,  Banking & Mortga
Mirto Robert C
254 Captain Thomas Blvd
West Haven, CT 06516
(203) 934-7050
General Practice Attorneys, Attorneys
Rasile Steven B
254 Captain Thomas Blvd
West Haven, CT 06516
(203) 934-7050
Attorneys
Attorney Jerome Lacobelle
537 Washington Ave
West Haven, CT 06516
(203) 934-6651
Attorneys,  Accident & Property Damage Attorneys,  Personal Injury Law Attorneys,  Wrongful Death At
Altschuler & Altschuler Law Offices
509 Campbell Ave
West Haven, CT 06516
(203) 932-6464
Attorneys, General Practice Attorneys
Dorsi Paul J
44 Church St
West Haven, CT 06516
(203) 934-6337
Attorneys
Donahue Votto & Degennaro PC
44 Church St
West Haven, CT 06516
(203) 934-6337
Attorneys, Family Law Attorneys, Divorce Attorneys, General Practice Attorneys
Brian A. Desautels
262 Elm St
West Haven, CT 06516
(203) 933-5662
Divorce Attorneys,  Attorneys,  Criminal Law Attorneys,  Family Law Attorneys,  Real Estate Attorney
Alderman Stephen B
201 Center St
West Haven, CT 06516
(203) 932-5263
Attorneys, Legal Service Plans
Helisc Fredrich
1055 Boston Post Rd Ste 1
West Haven, CT 06516
(203) 932-5001
General Practice Attorneys, Attorneys
Altschuler & Altschuler Law
665 W Main St
West Haven, CT 06516
(203) 934-4645
Attorneys, General Practice Attorneys
Amendola Vincent N Jr
11 Wagner Pl
West Haven, CT 06516
(203) 350-3823
Attorneys,  Personal Injury Law Attorneys,  Criminal Law Attorneys,  Real Estate Attorneys,  Divorce
Heffernan E Michael
295 Main St
West Haven, CT 06516
(203) 932-3621
Attorneys, Legal Service Plans
The Funk Legal Group
94 White St
West Haven, CT 06516
(203) 589-3571
General Practice Attorneys, Business Law Attorneys, Attorneys, Legal Service Plans
Falcone Law Firm, LLC
336 Main St
West Haven, CT 06516
(203) 285-3548
Attorneys, Personal Injury Law Attorneys, Malpractice Law Attorneys, Real Estate Attorneys, Automobi
Attorney Robert C Ross
520 Main St
West Haven, CT 06516
(203) 934-3428
Attorneys, Immigration & Naturalization Consultants, Immigration Law Attorneys
Ross Robert C
354 Campbell Ave # Right
West Haven, CT 06516
(203) 934-3428
Attorneys
Umeugo & Associates PC
620 Boston Post Rd
West Haven, CT 06516
(203) 931-2680
Attorneys, Legal Service Plans
Fischer & Fischer
568 Washington Ave
West Haven, CT 06516
(203) 933-2516
General Practice Attorneys, Attorneys
Ketaineck, Stephen R.
140 Captain Thomas Blvd
West Haven, CT 06516
(203) 932-2225
Attorneys,  General Practice Attorneys,  Estate Planning, Probate, & Living Trusts,  Elder Law Att
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US