Why you should consider a living trusts california

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Blue Horizon Financial Insurance Services
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Why You Should Consider A Living Trusts California

• A living trusts California can be an essential
  part of any estate plan, particularly if you own
  real estate in the state or have substantial
  assets to pass on to your heirs upon your death.
  A living trust keeps your assets separate from
  your legal will so that they can be handled more
  easily by your loved ones after you pass away.
  This also helps avoid probate costs and fees,
  which are paid to the state instead of private
  parties.

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What Is A Living Trusts California?

• A living trusts California (also called an inter
  vivos trust) is a legal entity that comes into
  existence during your lifetime. It allows you to
  avoid probate, which means your heirs can obtain
  title to the property immediately after your
  death without having to go through court
  proceedings. If you want complete control over
  who gets what after you die, or if you have
  substantial assets, a living trust is probably
  right for you. All states offer living trusts as
  of 2018 however, check with an attorney in your
  state before choosing one. Additionally, remember
  that tax consequences may affect whether its
  best for you to keep your property in a revocable
  or irrevocable trust.

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How Do I Make Sure My Assets Are Protected?

• If youre reading this, its likely that at some
  point in your life you or someone you love will
  need long-term care. But even if you dont end up
  needing nursing home care, there is another
  scenario where a Living Trust can be incredibly
  valuable If one of your children or family
  members needs long-term care, you might have to
  decide whether to provide them with financial
  support. No parent wants to see their child
  living in poverty because of illness or
  injuryand sometimes providing monetary support
  ends up being beneficial for both parties.
• However, before helping your child out
  financially by paying their medical bills or
  buying them food and shelter, you might want to
  think about establishing a Living Trust first.

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What Does My Living Trust Cover?

• No, you dont need a lawyer to create a living
  trust. Living trusts are not technically legal
  documents, so they do not require any official
  legal seal or signature. However, there are often
  assets you will want to transfer into your living
  trust that are held by someone else (like stocks
  or life insurance). If you are transferring any
  assets into your living trust that belong to
  someone else (like an account in another persons
  name), then it is likely that those third parties
  will require official paperwork from you proving
  that you have ownership of those assets before
  they will turn them over to your control. This
  can be resolved with a simple letter from your
  attorney verifying that yes, these particular
  assets belong to you and no one else.

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Do You Need A Lawyer To Create A Living Trust?

• Creating a living trust is actually something you
  can do on your own. If youre willing to do some
  research and work out all of those pesky legal
  words yourself, then go ahead and knock yourself
  out! The internet is full of guides for self-help
  living trusts, as well as other free tools that
  might help you get started.
• Note If at any point in your research you come
  across a website that offers to create your trust
  for a fee, think twice before handing over any
  moneybecause what theyre doing is probably
  illegal.

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• Living trusts california should be created by an
  attorney and never should cost more than hundreds
  of dollars (at most) for first-time clients.
  Avoid living trust scams at all costs. There are
  plenty of legitimate lawyers who will offer
  low-cost services to first-time clients, but
  there are also scammers lurking around every
  corner just waiting to take advantage of folks
  trying to set up their own trusts.
• Make sure you do your due diligence if it seems
  like things are getting off trackif anything
  starts feeling fishy, its best not to pursue it
  further. Your best bet is always going with
  someone who has experience setting up living
  trusts or who works with an office where other
  people have used their services
  successfullycheck Yelp or Google reviews if
  possible! Just make sure everything looks
  professional and above board before you pay them
  any money whatsoever.

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Contact Us

• Address - Sacramento, CA 95835
• Email - info_at_bluehorizonins.com
• Phone - [phone]
• Website - https//bluehorizonins.com
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  onsider-a-living-trusts-california/