West Virginia Living Trust for Husband and Wife with No Children

West Virginia Living Trust for Husband and Wife with No Children
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State:
West Virginia
Control #:
WV-E0174
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Available formats: Word | Rich Text

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Description

This Living Trust form is a living trust prepared for your state. It is for a husband and wife with no children. 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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FAQ

What happens if husband and wife die together without a will?

What happens if your husband dies and there is no will?

What rights does a wife have when her husband died?

What happens if you die without a will in West Virginia?

Does spouse inherit everything if no will?

Who gets house if spouse dies?

When a husband dies what is the wife entitled to?

Does surviving spouse inherit home?

Does a surviving spouse automatically inherit everything?

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