We Help You Legal is a California Legal Document Assistance company that helps people set up living trusts in San Luis Obispo County and other locations within the state. A living will, a revocable trust:
- Is a legal document that holds all of your property “in trust” for your benefit during your lifetime
- Names your heirs, including family members, friends, and charitable organizations
- Specifies who you want to receive which assets
- Specifies how assets are distributed, such as selling real estate and distributing the proceeds
- Specifies a successor trustee who becomes your representative upon your death and distributes your assets in the trust according to your wishes
- You can also designate someone to act on your behalf for medical and financial decisions in the event you are incapacitated by including a durable power of attorney and an Advanced Health Care Directive (AHCD) as part of the trust documents
A living trust is “revocable,” meaning that you have full control over your assets during your lifetime. With a living trust, you can still sell your home, buy a new home, trade in the old car for a newer one, manage any other investments, change beneficiaries on insurance policies, change insurance policies, use your money to travel—in short, live your life as you wish.
A word of caution! Remember to modify your living trust when you sell something or buy something new! You can also modify a trust upon the birth, adoption, or death of a child, or the birth of grandchildren, or to add or change a charitable organization.
About trustees
As long as you are alive, you are the trustee. If you are married your spouse would be the co-trustee. If you die before the co-trustee, he or she retains control of the living trust until death.
The successor trustee sometimes referred to as “administrator” or “executor,” is the person you designate to carry out your final wishes. Some people prefer to have a separate trustee for the living trust and designate other people to handle matters in the event of serious illness or incapacitation. For example, you may choose to give your spouse or an adult child power of attorney for your health care (AHCD), and someone else for the durable power of attorney for financial matters. Some people choose to give the successor trustee of their living trust the durable power of attorney. A durable power of attorney ends when you revoke it or upon your death.
The concept of “trustee” isn’t as confusing as it seems. The legal document assistance from We Help You Legal for a San Luis Obispo County living trust can help you get through the challenges you may face for setting up a living trust by yourself.
Don’t think you have anything to leave your loved ones?
We don’t need a huge estate with winter and summer homes, investment portfolios, rare stamps, and a stable of Thoroughbred horses to set up a living trust. Most of us have more possessions than we think and it’s comforting to know that great grandmother’s brooch will stay in the family. But, what we tell our children or siblings is theirs when we die may not be remembered years later. Giving possessions away in a will may not be the guarantee you want. A will alone is subject to probate court. Even though the judge may honor your wishes after the court proceedings are over, it might be months before those proceedings are completed and possessions are distributed.
A living trust protects your interests and also gives your heirs some peace of mind.
It is possible and legal for you to set up your own living trust in California. Many have done so, and many more have found they are more comfortable with assistance designating trustees and heirs, and transferring all of their assets into the trust.
You can download what you need for a living trust from the San Luis Obispo or Paso Robles We Help You Legal website. The staff from We Help You Legal is highly qualified to help you set up your trust.
We Help You Legal has been assisting Central Coast residents from the San Luis Obispo and Paso Robles offices with legal documents for 20 years. The offices specialize in Living Trust, Divorce, LLC/Corporation, and other legal document matters. The staff brings professionalism to every service and customizes support to your individual needs and concerns.
We Help You legal is a “self-help” legal document assistance company that provides document preparation without the high cost of an attorney. We Help You Legal, Inc. is not a law firm. We cannot represent you in court, advise you about your legal rights or the law, or select forms for you.
Call or visit the Paso Robles or San Luis Obispo offices to get stated.
