California Living Trust Form

Revocable living trust hereinafter known as the trust and is is not an amendment to a prior living trust.

California living trust form.

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. 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. A trustee of your choosing is obligated to administer the trust in a manner which is in the best interest of your beneficiaries.

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. 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. 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. However california does have two procedures that fast track the probate process for smaller estates using simplified probate processes.

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. The document is a legal contract that sets up the trust and details how it will be run and distributed. California living trusts for married single others. California living trusts are created with a trust document.

Name of the trust. Step 2 on the first page of the california living trust form specify the following details. Merely complete the questionnaire and send it to us by e mail fax or regular mail. As the grantor you sign the document in front of a notary.

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. Step 1 start by downloading the form in your preferred format adobe pdf microsoft word open document text.