California Living Trust Agreement
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Description Ca Living Trust
This form is a living trust form prepared for your state. It is for a Husband and Wife with one child. 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. The trust then owns and manages the property held by the trust through a trustee for the benefit of named beneficiary, usually the creator of the trust (settlor). The settlor, trustee and beneficiary may all be the same person. In this way, a person may set up a trust with his or her own assets and maintain complete control and management of the assets by acting as his or her own trustee. Upon the death of the person who created the trust, the property of the trust does not go through probate proceedings, but rather passes according to provisions of the trust as set up by the creator of the trust.
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California Living Trust Sample FAQ
What happens to a joint trust when one spouse dies?
Should a married couple have a joint trust or separate trusts?
Can a person have two living trusts?
Should a husband and wife have separate trusts?
Can a husband and wife have a joint trust?
What is the difference between a family trust and a marital trust?
What is the benefit of a marital trust?
Does a spouse automatically inherit everything in California?
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