Here’s exactly what that “one document” is. It’s a revocable living trust 🏡 The trust is the legal tool that keeps your home out of probate. The steps below are how you make the trust actually work. Comment “BOOK” for a free copy of my bestselling book, Legally Ever After, for the full plan. Step 1 Create a Revocable Living Trust This is the one document. You create the trust and name yourself as the trustee. You keep full control of the home while you’re alive. Step 2 Name your beneficiaries a
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Here’s exactly what that “one document” is. It’s a revocable livin…
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31K views · 556 reactions | How does the successor trustee get control over the property inside of the trust after the first initial trustee passes away? They get a death certificate and go to the bank and the county offices. #EstatePlanning #LivingTrust #FillThatBucket #Pevney #financialfreedom #orangecounty www.ocestateplanlawyer.com Estate planning for California Families. Free consult. book from by Facebook profile | Pevney Estate Planning | Facebook
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Think of your revocable living trust as an empty bucket—if you never pour assets in, it can’t do its job. So retitle the house, change the life-insurance ownership, and move bank and brokerage accounts under the trust before anything happens. When you die, the trust doesn’t disappear; it simply becomes irrevocable, and control shifts to the successor trustee you hand-picked. That trustee can’t freeload or freestyle—the written trust administration rules force them to deliver money and property t
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