Living Trust Services
Laguna Legal | Mission Viejo, California
What is a Living Trust?
A Living Trust is a written document that places your assets into a Trust. This Trust becomes effective immediately upon the creation of the Trust itself.
Under the Trust document, a Trustee is appointed.
A Trustee is a person who controls the Trust and therefore controls the property contained in the Trust. The Trust document specifies exactly how your assets shall be distributed upon your death.
Features of the Living trust
A Living Trust can be revoked and may be modified. In addition, property can be added to the Trust at any time.
A Living Trust must be signed, witnessed and acknowledged by a Notary Public. The creation of a Living Trust will allow your loved ones to avoid Probate after your death.
How We Can Help
Our Complete Estate Plan includes:
- Revocable Living Trust
- Certification of Trust
- Pour-Over Will
- Durable Power of Attorney
- Healthcare Directive
The Cost for the Complete Estate Plan
- $950 for a Single Person (includes Witnessing and Notarization)
- $1,250 for a Married Couple (includes Witnessing and Notarization)
- $500 per Property Transferred into your Trust ($600 Out of State) – This price includes electronic recording and fees
Living Trust Questionnaire
Will Document Services at Laguna Legal
A Will is a document that provides specific instructions for the distribution of your property upon your death.
A Will becomes effective upon the death of the individual who created the Will. In addition, a Will may contain other provisions to ensure that your wishes are included in the document, such as specific last requests and guardianship of children.
A Will allows for the appointment of an Executor who will distribute the property according to the provisions in the Will. A Will must be signed and witnessed. A Will can be changed at any time prior to your death. Upon your death, a Will usually goes through Probate. The cost for a Will is $250.
Benefits of a Living Trust
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