Does a Living Trust Need to Be Recorded in California?
A living trust is a legal document that can help you manage and distribute all of your assets efficiently. Unlike a will, it can function while you are still alive. Creating a trust can be especially useful when it comes to protecting your privacy!
If you live in the state of California and want to discover how to draw up a revocable living trust of your very own, then keep on reading!
California Regulations About Living Trusts
If one of your main concerns is privacy, then look no further than a living trust. In the state of California, living trusts are not recorded anywhere, which means that the document itself remains private even in the event of the person’s death.
The only exception to this rule would be if the trust holds title on real estate property, because any transfer of real estate must be recorded in California’s county recorder’s office. But aside from real estate, all other assets within the property of the trust will always remain private.
How to Create a Living a Living Trust in California
|Hiring an attorney||
|Using online templates||
|Figuring it out on your own||
Benefit of Having a Living Trust in California
Probate is the court process that handles the distribution of someone’s assets when they pass away. The process can take anywhere between 6 months or 2 years. If you want your family and loved ones to have access to your assets quickly and without hassle, then leaving a living trust helps skip the probate process altogether.
How you distribute your assets can be a very meaningful process. Things like your home, your savings or your business, probably took a long time to earn. It’s important that you have a say in how your assets will be managed and distributed when the time comes.
Revocable vs. Irrevocable Trust - What’s the Difference?
Before creating your living trust, you’ll need to figure out which one to make.
Irrevocable living trust
- True to its name, this type of trust is very secure and very difficult to change.
- Once an irrevocable living trust is signed and notarized, it becomes almost impossible to change things like your trustee, beneficiaries, or assets included.
- Furthermore, you lose complete ownership of anything you placed within the trust and it becomes its own tax entity.
Revocable living trust
- A revocable living trust provides more flexibility than its counterpart. It can be changed throughout the course of your life and it can even be completely retracted.
- With a revocable trust, you will still have ownership of your assets even after you transfer them into the trust.
Create a Revocable Living Trust With DoNotPay
If you want to skip the hassle of finding someone to create the perfect living trust for you, then is the answer to all your troubles. Our robot-lawyer can create a tailor-made living trust document in just a matter of minutes!
Here’s how it works:
- Log-in to
- Find the Revocable Living Trust service
- Enter your state of residence
- Choose who you want to name as your trustee
- Choose who the beneficiaries will be
- List all the assets you want managed by the trust
Review the document automatically created by DoNotPay and confirm that everything is in order. That’s it! All you need to do now is validate the document by signing it before a notary public.
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