California Living Trust Form

The person establishing the trust the grantor can place their personal property and real estate within the trust so that it may be distributed directly to a beneficiary upon the grantor s death.

California living trust form.

A california living trust is a document that enables an individual to manage their assets both during their lifetime and after death while avoiding the probate process. California living trusts for married single others. Merely complete the questionnaire and send it to us by e mail fax or regular mail. A trustee of your choosing is obligated to administer the trust in a manner which is in the best interest of your beneficiaries.

Step 2 on the first page of the california living trust form specify the following details. A living trust is a trust established during a person s lifetime in which a person s assets and property are placed within the trust usually for the purpose of estate planning. Revocable living trust hereinafter known as the trust and is is not an amendment to a prior living trust. A living trust is a form of estate planning that allows you to control your assets your money and property while you are still alive but have it distributed to people or organizations you select when you die.

Download the california living trust form which allows you to create a separate entity to hold your chosen assets and property which will continue during your life and after your death until the assets are distributed. On the date set forth above the grantor transferred to the trust estate and assets described in attachment a which is attached and incorporated into the trust. This page has information about living trust. However california does have two procedures that fast track the probate process for smaller estates using simplified probate processes.

California does not use the uniform probate code which simplifies the probate process so it may be a good idea for you to make a living trust to avoid california s complex probate process. In 2010 a decedent s executor has the option to pay estate taxes subject to the 5 million exemption or opt out of estate taxes all together and instead be subject to the modified income tax basis adjustment rules under irc section 1022. Legal forms california living trust it is easy to begin the process of having a living trust. As the grantor you sign the document in front of a notary.

Step 1 start by downloading the form in your preferred format adobe pdf microsoft word open document text. The document is a legal contract that sets up the trust and details how it will be run and distributed.