Living trust - Estate Planning - Revocable living trust - Void Probate - living trust documents - Legal forms
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To better understand the issues relating to your legal situation or problem, our legal information and other law related facts may be of interest to you
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If I make a Living Trust, do I still need a will.
Yes, you do and here's why:
A will is an essential back-up device for Property that you don't transfer to yourself as Trustee. For example, if you acquire Property shortly before you die, you may not think to transfer ownership of it to your trust -- which means that it won't pass under the terms of the trust document. But in your back-up will, you can include a clause that names someone to get any Property that you haven't left to a particular person or entity.
If you don't have a will, any Property that isn't transferred by your Living Trust or other Probate-avoidance device (such as joint tenancy) will go to your closest relatives in an order determined by state law. These laws may not distribute Property in the way you would have chosen.
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Return to all Living Trust legal information
Legal Articles about Living Trust
Living Trust Frequently Asked Questions
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Real Estate Transactions - Limited Nondurable Power of Attorney by Seller |
$ 10.99 |
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Springing Durable Power of Attorney for Property and Finance (Upon Disability or Incompetence) |
$ 12.99 |
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Real Estate Transactions - Limited Nondurable Power of Attorney by Seller |
$ 10.99 |
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Wisconsin Power of Attorney for Health Care |
$ 20.98 |
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Total: $55.95
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