The California Revocable Living Trust form is a core component of your California Estate Planning documents.
Read below to learn more about how a living trust works better than a will to give your property to your heirs.
Save Time, Money, & Stress with a California Revocable Living Trust Form
A living trust is a relatively new type of legal document that in many cases replaces a will.
I still use specific types of wills in my estate planning practice for certain occasions, but in general, a California Estate Planning Attorney should use a living trust instead of a will, for several reasons.
A California Revocable Living Trust Form Saves Time
A living trust allows you to transfer your property to your beneficiaries without using a will.
Wills are still in existence, and are still used in many circumstances, particularly as a Pour-over will, but the downside to a will is that it must be processed in probate court before the property can be transferred.
A California Revocable Living Trust form helps you save several months, to several years, by transferring your property without the need for the probate court’s approval or involvement.
A California Revocable Living Trust Form Saves Money
When you use a will instead of a living trust to transfer your property to your heirs, since the probate court must oversee the administration of the terms of the will, the probate court will take a fee for doing this.
These probate court administration fees may be as high as 5% of your estate, and sometimes more.
Why pay the government extra money just to transfer the property you already own to your beneficiaries?
Use a living trust instead, and save your estate a significant amount of money.
A California Revocable Living Trust Form Saves Stress
Using a living trust rather than a will can save your family a lot of stress and argument.
When a will is processed in probate court, the court has to approve the Executor of the will.
If any of the heirs or beneficiaries want to contest the will or contest the proposed administrator/ executor, this can waste a lot of time and prevent assets from being timely distributed.
When you create a living trust, you appoint the trustee(s) ahead of time, as well as successor trustee(s) in case your first choice is unavailable or unwilling to serve when the time comes.
Get Started Setting Up Your Revocable Living Trust Form Today
We create California Estate Plans and Living Trusts for residents living anywhere in California.
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