Easily Replace Brand Logo in the Revocable Living Trust

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How to Replace Brand Logo in the Revocable Living Trust

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hey so Im Paul Rabelais and in this video were going to talk about Im not so well known secret to naming or titling your living trust okay so Im Paul rambling Im an estate planning attorney I help our clients get and keep their legal affairs in order and many people around the country they set up revocable living trusts because they want assets titled in the name of their trust when they die because assets in their trust they avoid that court-supervised an attorney involved probate or succession proceeding assets and a living trust dont go through that you name a successor trustee may be a child or adult children of yours who you will designate to be able to disperse the assets out of your trust to your trust beneficiaries when you die without any attorney in court in court involvement now when someone sets up that living trust theres always going to be a name or a title to the trust and then their assets at least the assets that would have to go through probate if they remain i

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Does the name of a revocable trust change to irrevocable upon death?

Yes, once the trust grantor becomes incapacitated or dies, his revocable trust is now irrevocable, meaning that generally the terms of the trust cannot be changed or revoked going forward. This is also true of trusts established by the grantor with the intention that they be irrevocable from the start.

How are trusts usually named?

Without any laws, most trusts tend to be named after their creator(s) along with the date of creation. An example would be John and Jane Doe Revocable Trust dated 10/11/12.

How do I amend a revocable living trust in California?

In most cases, you need a courts approval to amend or revoke an irrevocable trust. The trustee must petition the court to make an appropriate change.

Does the name of a trust matter?

Knowing how to name a trust is important to real estate investors for a few reasons: In order to hold assets, a trust needs to be able to be identified. Without naming your trust, you dont actually have a trust. A good trust name can better help banks properly process your loans and other required paperwork.

Can there be more than one trust with the same name?

Because of this, youd think that your trust needs a unique name that can be added to a property title deed and tax documents. Your trust can actually have the same name as an existing trust since the proof is the trust deed and each trust deed has different details and dates.

Do trust names have to be unique?

Trust names are important to consider because in order for a trust to legally hold the assets or property, the trust has to be identifiable by its formal name. This name must be distinct and separate from your name.

What are the disadvantages of a revocable living trust?

The main disadvantage of a revocable living trust is that it does not protect you from creditors or lawsuits. Because you have control of everything in your trust and have access to the assets, you can still be sued for liability.

Do trusts have to have unique names?

While most people name their living trust their and their spouses full names, you dont have to. Find out about what factors to consider when naming your trustand whether or not you can change the name once your trust is funded. Ready to start your estate plan? by Michelle Kaminsky, Esq.

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