Frequently Asked Questions (FAQs)
Living Trust
If I execute a living trust, why do I need a will?
When you sign a living trust, you should also sign a pourover will to be sure that assets solely in your name at your death will be administered as provided in your trust. For example, many clients decide not to re-title their cars in their names as Trustees. As long as the total value of assets which “pour over” into the trust does not exceed $150,000.00, no probate is required. (See answers to FAQ regarding probate.)
Search FAQs
FAQ Categories
- Living Trust
- Living Trusts and Probate
- Funding a Living Trust
- Bank Accounts
- Powers of Attorney
- Conservatorships and Guardianships
- Alternatives to Conservatorships and Guardianships
- Medicare and Medi-Cal (Medicaid)
- Probate
- Taxes
- Disqualified Beneficiaries
- Joint tenancy, Community Property, Domestic Partnerships