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
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Why You Should Name ONE Successor Trustee | Estate Planning Tips Thinking of naming all your kids as co-successor trustees in your living trust? Here’s why that might be a mistake. When multiple trustees are appointed at the same time, every financial decision, home sale, or distribution requires everyone’s agreement—and signature. That means delays, possible disagreements, and a much more complicated trust administration process. The smarter move? Appoint one successor trustee at a time, and li
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👥 Living Trust = 3 Key Hats When you set up a revocable living trust, you’re triple-tasking: 1️⃣ Grantor – the creator who funds the trust. 2️⃣ Trustee – the manager who controls the assets day-to-day. 3️⃣ Beneficiary – the person who enjoys the benefits while you’re alive. Because you hold all three roles, you keep full control now and decide who steps in as successor trustee and beneficiaries after you’re gone—so your assets flow to loved ones privately and skip probate. #LivingTrust #Grantor
👥 Living Trust = 3 Key Hats When you set up a revocable living trust, you…
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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
Think of your revocable living trust as an empty bucket—if you never …
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Bethel Law Corporation - One Word Says What Happens to a Joint Revocable Living Trust When One Spouse Dies | Estate Planning
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