Living Trust Package in California

Living Trust Package in California

What documents should be in your California living trust package? 

California Revocable Living Trust – primary document

Schedule of Assets – Typically attached to the trust and is  sometimes a separate document showing what assets are “in” the trust.

Pour Over Will –  You will need this. 

Nomination of Guardians – If you have minors you need a document to appoint guardians and can be in in your will or a separate document.

Durable Power of Attorney – covers financial and quasi-financial matters that are not covered by the trust

Advanced Health Care Directive –  also called a “living will” or a Power of Attorney for Health Care.

HIPPA Release – importance of being able to access your medical records 

Certified Extract of Trust – Some attorneys call it a “certified abstract”  and is summary of the trust.

Deeds –  a DEED to transfer your real estate to your trust is important.

Transfer Letters –  letters for banks and financial institutions to aid in the transfer of assets to the trust. 

Change of Beneficiary Forms – re life insurance and other payable on death assets 

Instruction Letter –  summarizes how assets should be owned in the name of the trust and also how beneficiaries should be titled to best carry out your wishes

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This is for information only and not the providing of legal or tax services.  You should hire an experienced state planning attorney for your own situation.

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