Top rated Living Trust Attorney Temecula, Estate Planning and Probate Attorney Steven Bliss, Esq. has an office location in Temecula.
The Law Firm Of Steven F. Bliss
41593 Winchester Rd. #200
Temecula, CA 92590
Ph: +1 (951) 223-7000
Fax: (858) 268-8664
How does a living trust Attorney Help Avoid Probate?
When you carry out the living trust declaration and then properly money the trust, what you have done is that you have actually developed a legal entity different and apart from yourself that is now fully working doing whatever it is that you told it to do. Then, when you funded your trust, you altered the name of the owner of your properties from you separately to you as Trustee of your trust. So at that time, you are still in complete control of your possessions since you are the Trustee of the trust and whoever is Trustee is who manages the assets that the trust owns. You are still the BENEFICIAL owner of your assets (i.e., the properties are yours to do with whatever you please), but you are no longer the “LEGAL” owner of record.
Probate Court Can Be Skipped with a good Living Trust Attorney in Temecula
The Probate Court is just interested in who the legal owner of a property is. So now you have your trust and are purchasing and offering things just like before other than that now instead of signing the contract as “John Q. Public”, you now sign everything as “John Q. Public, Trustee”, it’s that easy. Lawfully speaking, you now own absolutely nothing, your trust owns everything. So when you pass away, because you do not hold anything, there is entirely nothing to require to the Probate Court. However when you passed away, your living trust didn’t pass away, it merely continues going, that is why they call it a living trust. A Living Trust holds title to your properties and has a life of its own. When you initially established your trust, you made yourself (and your spouse if wed) the trustee who manages and manages the assets of the trust. However likewise at that time, you chose whom you wished to take over for you when you (and your spouse, etc.) can no longer handle it. That person is called a Successor Trustee, and they, therefore, have the same legal powers that you did so that they can sign any documents needed to carry out the management and disposition of your possessions that you specified in the original trust statement.
a Goof Living Trust Attorney Temecula Can Help A Trustee
The successor trustee follows your particular instructions on what to do similar as an administrator would, other than there is no probate. It is entirely personal, requires no court supervision, can be administered much quicker with less cost, and is more difficult to contest. It does not matter whether your Successor Trustee resides in San Diego, Riverside, Los Angeles, Orange County, Southern California, or anywhere else in the United States, they can manage and administer your trust with the support of a proficient attorney like Steve Bliss.