Living Trust at I Say Hello

living Trust?

my parents and i have a living trust, which includes the house my parents own. lf i get married and later divorced, can my ex-wife touch anything in that trust or try to claim the house in the trust?

Answer:Probably not unless you contribute financially to house payments, upkeep, improvements, taxes, etc. However, this is really a question of state law that varies from state to state. Contact a divorce attorney in the state in which you live.

Is A Living Trust Still Important When Your Assets Are Under A Loss?

With the current housing bust, the main asset our house (in my name only) is losing value day by day. And I still have not signed up for a Living Trust to help transfer my assets to my wife and children. Now I'm wondering if by signing a Living Trust I'll put undue financial burden on my wife who is currently not working. Also I want to make sure the money in the Life Insurance, Savings Account,401k and the cars go to my wife if I die. Do I still need a Living Trust for these? Can I hold off on a Living Trust until my main asset gains value? What are the risks? Just clarifying ... I totally understand the benefits of a Living Trust. My question is whether I delay getting a Living Trust until my main asset really acquires some value.

Answer:A living trust helps you to pass your estate to your children or grand children while avoiding probate (having your estate seized and going through court). Probate is a big rixk and very often messy. There are many different type of trust: living trust, generation skiping trust, dynasty trust, etc... It all depends what you are trying to achieve. If well set up trust can also help in reducing the estate tax (sometime to $0). All depends on the type of trust, your marrital status and the amount of estate that you have. What a trust does is to pass your estate to another family member while you are alive, and while you keep control of your estate (i.e. managing it or benefiting from it). At your death the family member will become the full owner. Tax can be avoiding if you are married, by dividing your assets between you and your spouse, and then passing the benefit of your trust to your surviving spouse which in essence will lower the threshold of assets for your children. For example: if you have $3M in asset and the estate tax kicks in at $2M (fed estate tax is 45%), you can divide your assets $1.5M each between you and your spouse. Set up 2 living trusts of $1.5M each for your children or grand childrem (or whoever in your family). Trust A and Trust B. Upon your death the benefit of your $1.5M trust A will go to your surviving spouse (she/he will keep the benefit but the assets will be under the children's names). Since when you die your trust A is less than $2M the children will not pay taxes. When your spouse dies same thing: her/his trust B is less than the $2M the children will not pay taxes on her/his trust B. At the time of your spouse death your trust A has already been passed to your children. It's already theirs. The end result is that they have receive Trust A of $1.5M and Trust B of $1.5M, each trust being less than the $2M taxable threshold. The problem is that estate tax and law is changing every year until 2010. It will the revert back to $0. Next year is an election year and estate law might change with a new president and congress so you cannot rely on what the threhold is. Finally you cannot based the value of your estate on what today's housing market is doing unless you plan to die today. Seek a financial planner and lawyer advice. Good Luck

Is A Land Trust Or Living Trust Best For Home Ownerhip?

Hello, I need to create some kind of Trust to hold my house title and my car title. My main concern is privacy due to a stalking incident. I've been told by a lawyer that a Land Trust would protect my privacy and would be less expensive than a Living Trust. But then I would need a Personal Property Trust or something similar for my car. Does anyone have experience or dealt with this type of situation? Living trust or Land Trust? If Land trust, what do I do for titling my vehicle? Thanks!

Answer:I'd go with a Revocable Living Trust. You can title both your house and your car in it. It is flexible and you can change it at any time. And it should not be very expensive.

What To Do After Inherited A Living Trust?

My mom had a living trust set up when she was alive. She recently passes away and I am the beneficiary of her trust. So now I am the owner of her property, do I need to set up a new revocable living trust under my name and change everything that is under her trust to my new living trust?

Answer:Well first of all, you're not the owner of her property. You're the beneficiary of the trust. Someone else, the trustee, has legal title. In fact, if you do have legal title its not a trust. Either way, you need to speak with an actual lawyer.

How Do I Create Living Trust Without Using A Lawyer?

I want to understand the detailed process for creating the Living Trust and what are the Tax benefits? I'm a legal resident of the Los angeles California and have a young daughter. Want to make sure I plan for her future. I don't have the money to go to a CPA or to an attorney. also are there any free services available?

Answer:The previous posters are correct in recommending software. However, I would suggest you give serious thought to this before you proceed. If you can't afford a CPA or attorney, you have other issues to consider. 1) do I have sufficient assets that I need to be pursuing this now? 2) Can I afford the fees associated with following thru with this.(filing fees, transfer fees) If you have real estate you will have costs associated with transferring it to the Living Trust. Check with your state CPA association or Attorney group and see if any free services are available. Another good source of information would be a local university. Most have knowledgeable professors on staff who could consult with you for free or at discounted rates. Hope this helps.

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Buy living trust Products

Make Your Own Living Trust
Average Rating: 4.5
Price: $26.39
Author: Denis Clifford Attorney
Manufacturer: NOLO
ISBN13: 9781413309331
Condition: NEW
Notes: Brand New from Publisher. No Remainder Mark.
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Living trusts made simple! Protect your family with this bestselling book.

Death may be inevitable, but probate doesn't have to be. By creating a living trust, your property will bypass lengthy and expensive probate proceedings and go directly to the people you've designated, quickly and easily.

Make Your Own Living Trust explains how to create a living trust, transfer property to the trust and amend or revoke the trust at any time. Specifically, it covers how to:

create various living trusts, including an AB trust (also known as a marital trust or bypass trust)

transfer assets to your trust, including real estate, stocks and bonds, jewelry, art or a small business

name beneficiaries for all trust property

sign your document and make it legal

appoint someone to manage property left to minors or young adults

provide for trust property management if you become incapacitated

retain absolute control over trust property while you live

Make Your Own Living Trust includes all the forms you need -- as tear-outs and on CD-ROM -- to create your own trust, plus step-by-step instructions for filling them out. Completely updated and revised, the 9th edition covers the latest laws and information about federal and state estate taxes.

Good in all states except Louisiana.

List of Forms
Form 1: Basic Living Trust for One Person
Form 2: Basic Shared Living Trust
Form 3: AB Living Trust
Form 4: AB Disclaimer Living Trust
Form 5: Witness Statement for a Florida Living Trust
Form 6: Assignment of Property to a Trust for One Person
Form 7: Assignment of Shared Property to a Trust for a Couple
Form 8: Amendment to Living Trust for One Person
Form 9: Amendment to Basic Shared Living Trust or AB Trust
Form 10: Revocation of Living Trust
Form 11: Basic Will for One Person
Form 12: Basic Will for a Member of a Couple
Form 13: Affidavit of Successor Trustee

The Living Trust Advisor: Everything You Need to Know About Your Living Trust
Average Rating: 5.0
Price: $26.37
Author: Jeffrey L. Condon
Manufacturer: Wiley
ISBN13: 9780470261187
Condition: NEW
Notes: Brand New from Publisher. No Remainder Mark.
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Praise for The Living Trust Advisor

"The Living Trust Advisor is a necessary survival guide in the inheritance arena for every American in these turbulent economic times."
--Congressman Thaddeus McCotter

"Living trusts can be the most important part of an estate plan-saving time and money by reducing or eliminating estate taxes and by avoiding probate. For all those who have or are considering a living trust, The Living Trust Advisor is an invaluable source and an essential tool for any estate plan. Your beneficiaries will thank you."
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former attorney with the IRS,

Office of Chief Counsel, Los Angeles

"In The Living Trust Advisor Jeffrey Condon not only shows how to make the baffling world of trusts work for the average person, but gives invaluable advice on navigating the complex web of family emotions that inevitably come to the surface in estate planning. His expert advice and guidance should be on the bookshelf of anyone who needs more than just a basic will."
--Brian J. O'Connor,

Personal Finance Editor, The Detroit News

"Jeffrey Condon bonds with the reader on a level that encourages our complete trust in his trust instructions. In this book, he wisely walks readers through all of the pitfalls, tax implications, changes that may occur, and subsequent legal implications. The Living Trust Advisor is a fine and entertaining read as well as an indispensable resource for everyone in need of advice and compassion in making a will or a trust."
--Grady Harp,

Reviewer for Amazon, Barnes and Noble, Powells, Reuters, USA Today, and Blogging Authors, Author of War Songs, and contributor of essays to museum catalogues

Quicken WillMaker Plus 2009
Average Rating: 4.5
Price: $19.99
Manufacturer: Nolo Press
UPC: 093371379660
Your Will - Provide for family, friends and charities. Name a personal guardian to care for young children. Specify the executor (or personal representative) of your estate. Select a trusted person to manage property left to young people. Revise and update your will whenever you like
Your Living Trust - Make a basic trust, whether you're married or single. If married, you can create an AB trust (or bypass trust) and spare your heirs from potentially heavy estate taxes. Create subtrusts for minor children and young adults. Name custodians for property left to children
Health Care Power of Attorney - Permit a loved one to make important medical decisions for you if you are unable to do so yourself
Living Will - Specify whether you want your life prolonged through artificial means
America's No. 1 estate planning software helps you create a will, living trust, living will -- and much more! Help protect your family and your assets, and save on legal fees! Quicken WillMaker Plus 2009 provides the legal forms you need. So comprehensive, the software assembles your forms from among 40,000 document possibilities -- but so easy to use, you'll have them finished in minutes. Will Living Trusts, including an AB Trust Health Care Directive: Living Will Health Care Power of Attorney Financial Powers of Attorney Final arrangements document Important documents for executors The software also provides forms you can use every day, such as authorizations and agreements, promissory notes, and child and elder care forms. For each document, Quicken WillMaker Plus takes you through a step-by-step interview. Your documents will automatically reflect the laws of your state. If you have any questions, simply check out the comprehensive onscreen legal manual. Estate planning documents not valid in Louisiana.

The Living Trust : The Failproof Way to Pass Along Your Estate to Your Heirs
Average Rating: 4.0
Price: $18.45
Author: Henry Abts
Manufacturer: McGraw-Hill
UPC: 639785402060
If you are concerned about estate planning you may be surprised that, even with a will, the probate system can eat up as much as 10 percent of an inheritance and delay the process two years. In The Living Trust, noted living trust authority Henry Abts presents a simple, inexpensive legal alternative that eliminates the costs and delays of probate and ensures that your loved ones will receive their inheritance promptly and exactly as you intended. This new edition has been completely updated to reflect the federal tax codes and up-to-the-minute developments in the legal system.

Perfect Wills, Living Wills, Trusts & Estate Planning Platinum
Average Rating: 4.0
Price: $19.99
Manufacturer: Cosmi Corporation
UPC: 022787074364
Create legal documents valid in all 50 states for a fraction of the cost that professionals charge and protect your family's future¿today
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200 Custom Legal Documents ¿ wills, living wills, trusts, living trusts, powers of attorney, health care directives and so much more
Document Creation Wizard for simple customization, and Document Editor for easy formatting
Take control of your life and create all of the legal documents you need to protect yourself and your family’s future. Perfect Wills, Living Wills, Trusts and Estate Planning takes the guesswork out of planning your estate and makes it quick, easy and affordable to make legal wills, living trusts and even final care directives and so much more! Refer to the Document List and choose the one you need from over 200 forms. Use the Document Creation Wizard to format many of the forms or use the Document Editor to edit them and print! Save your document as a PDF and share via email.

The Complete Guide to Creating Your Own Living Trust: A Step-by-step Plan to Protect Your Assets, Limit Your Taxes, and Ensure Your Wishes Are Fulfilled
Average Rating: 4.5
Price: $18.96
Author: Steven D. Fisher
Manufacturer: Atlantic Publishing Company (FL)
ISBN13: 9781601381132
Condition: NEW
Notes: Brand New from Publisher. No Remainder Mark.
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You worked hard for your money, so it's only natural that you want some control over what happens to your assets in the event of your death. At the very least, you probably want to minimize or avoid potential hassles and headaches for your loved ones. A living trust, created while you're alive, lets you control the distribution of your estate. You transfer ownership of your property and your assets into the trust. You can serve as the trustee or you can select a person or an institution to be the trustee. If you are the trustee, you will have to name a successor trustee to distribute the assets at your death. A living trust is probably the best strategy to avoid probate, protect your financial privacy, and provide long-range planning advantages. If you want to protect your assets and make sure they are distributed according to your wishes, you should think about establishing a living trust. It can be designed to manage your investments now and provide broader financial management later to make provisions for a surviving spouse, children, or other family members, and to reduce the impact of estate taxes or avoid probate. What are the advantages of a living trust? Properly drafted and executed, it can avoid probate because the trust owns the assets not the deceased. Only property in the deceased's name must go through probate. The potential downside? Poorly drawn or unfunded trusts can cost you money and endanger your best intentions. Many books on estate planning and living trusts indicate you do not need the services of an attorney, while we highly recommend an attorney versed in this area to assist you. We do not recommend going through the process alone. What this book will do is explain the complicated issues, terminology, and planning strategies of living trusts to the layperson (me and you). When you meet with a qualified attorney you will be well prepared, versed in the language, and ready to discuss issues and strategies that you will be familiar with, saving time, legal fees, and ensuring peace of mind. Get started today with the help of this new book.

In Cod We Trust: Living the Norwegian Dream
Average Rating: 4.5
Price: $15.61
Author: Eric Dregni Dregni
Manufacturer: Univ Of Minnesota Press
ISBN13: 9780816656233
Condition: NEW
Notes: Brand New from Publisher. No Remainder Mark.
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Eric Dregni’s great-grandfather Ellef fled Norway in 1893 when it was the poorest country in Europe. More than one hundred years later, his great-grandson traveled back to find that—mostly due to oil and natural gas discoveries—it is now the richest. The circumstances of his return were serendipitous, as the notice that Dregni won a Fulbright Fellowship to go there arrived the same week as the knowledge that his wife Katy was pregnant. Braving a birth abroad and benefiting from a remarkably generous health care system, the Dregnis’ family came full circle when their son Eilif was born in Norway.

In this cross-cultural memoir, Dregni tells the hair-raising, hilarious, and sometimes poignant stories of his family’s yearlong Norwegian experiment. Among the exploits he details are staying warm in a remote grass-roofed hytte (hut), surviving a dinner of rakfisk (fermented fish) thanks to 80-proof aquavit, and identifying his great-grandfather’s house in the Lusterfjord only to find out it had been crushed by a boulder and then swept away by a river. To subsist on a student stipend, he rides the meat bus to Sweden for cheap salami with a busload of knitting pensioners. A week later, he and his wife travel to the Lofoten Islands and gnaw on klippefisk (dried cod) while cats follow them through the streets.

Dregni’s Scandinavian roots do little to prepare him and his family for the year in Trondheim eating herring cakes, obeying the conformist Janteloven (Jante’s law), and enduring the mørketid (dark time). In Cod We Trust is one Minnesota family’s spirited excursion into Scandinavian life. The land of the midnight sun is far stranger than they previously thought, and their encounters show that there is much we can learn from its unique and surprising culture.

"TRUST 22"
Average Rating: 4.5
Price: $13.00
Director: Oren Stambouli
Manufacturer: CustomFlix
UPC: 883629117140
Take advantage of our special offer and take home "Trust 22" the must see film of the year for any one in search of his dream for just $13 (List Price $18)

Best Documentary Tenerife International Film Festival 2007

In this film full of magic, hope and inspiration the director will take you on a fabulous journey into the world of manifestation, power of intention and the Law of Attraction.

After quitting his job at Nickelodeon (MTV Networks) Oren Stambouli decided that he was going to follow the flow of live to find people around the world that were pursuing their dreams.

He understood that in order for this film to have an effect on people he had to find every day people pursuing "impossible" dreams and while shooting the film they will achieve them. On top of that he had an extra challenge; he didn't have a camera, a budget or even a script. But he had a story to tell and nothing was going to stop him from achieving his own dream.

Welcome to Trust 22, were believing in a dream is the first step to seeing it, and not the last one.

Special interviews with Singer/Songwriter Ricardo Montaner, who has sold more than 22 million albums worldwide. Latin Grammy winner and Grammy Nominee Nestor Torres & Journalist and radio host Eli Bravo.

Language: English

Subtitles: Spanish

This product is manufactured on demand using DVD-R recordable media. Amazon.com's standard return policy will apply.

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