Hide Cross into the Living Trust

Aug 6th, 2022
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How to Hide Cross into the Living Trust

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hi my name is amanda rocha i am an estate planning and probate attorney in california and today we are going to talk about how to know whether someone had a will or a trust before i get into that i want to give you my contact information you can find me on my website .amandarochalaw.com you can comment down below if this platform allows you to do that or you can find me on social media at amanda rocha law so the reason were going to discuss this today is because i recently had a conversation with someone who wanted to know whether or not she could find out if one of her grandparents had an estate plan and i think its important information that everyone should know so lets just jump right in if were talking about estate planning typically i mean lots of different documents but for this video you can find out if someone had a will by looking at the probate courts website if your court is up to date or you have to go down to the probate court and figure that out yourself through thei

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You can hide assets in a trust because they offer a great level of privacy. People wont know what is inside the trust. They wont know if theres a relationship between you and the asset protection trust trust.
You can hide assets in a trust because they offer a great level of privacy. People wont know what is inside the trust. They wont know if theres a relationship between you and the asset protection trust trust.
What are the advantages of a Living Trust? If all your property is in trust when you die (or become incompetent), then legally you dont own anything in your name. This means, if you die, no probate (formal court administration of a decedents estate) is needed to pass your property on to your beneficiaries.
Technically, its not illegal to hide money from a spouse, except in the case of divorce proceedings. So if you need to have hidden money, here are ten ways to hide it.
One way that spouses without businesses may attempt to hide assets is through setting up trusts or gifting money to someone who will return it after the divorce is finalized. Spouses that hide assets will often involve family members or friends in the process.
Potential Disadvantages Even modest bank or investment accounts named in a valid trust must go through the probate process. Also, after you die, your estate may face more expense, as the trust must file tax returns and value assets, potentially negating the cost savings of avoiding probate.

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