Please note. Oake and Honor Insurance Services is not a law firm and does not provide legal advice. Information on this page is general and is not a substitute for advice from a licensed attorney.
We do not prepare, draft, sell or deliver trusts or any other legal documents. A conversation about living trusts does not depend on buying any insurance product. Any trust documents should come from your own licensed attorney.
Aviso. Oake and Honor Insurance Services no es un bufete de abogados y no brinda asesoría legal. La información en esta página es general y no sustituye la asesoría de un abogado con licencia. No preparamos, redactamos, vendemos ni entregamos fideicomisos ni otros documentos legales. Una conversación sobre fideicomisos en vida no depende de la compra de ningún producto de seguro. Cualquier documento de fideicomiso debe provenir de su propio abogado con licencia.
What is a living trust?
A living trust, also called a revocable trust, is an arrangement a person sets up during their lifetime to hold some or all of their property. The person who creates it is often called the grantor or trustor.
The grantor usually acts as trustee and keeps control of the property while living, and can generally change or cancel the trust. The trust names a successor trustee, who manages or distributes the property after the grantor dies, or if the grantor can no longer manage their affairs.
A trust and a will
A will says who receives your property after you die. A living trust holds property during your lifetime and continues after it. Many people who have a trust also have a will. Which documents make sense depends on your family, your property and your wishes.
People often ask whether a trust means their family can skip probate court. The answer depends on what you own, how the trust is written, and whether your property is actually placed in the trust. A licensed attorney can explain how the law applies to you.
Questions to bring to an attorney
- Is a trust, a will, or both a good fit for my situation?
- Who should I name as successor trustee, and as a backup?
- How is property such as a home or bank account placed in the trust?
- What happens to property that is never placed in the trust?
- How and when should the trust be reviewed or updated?
- What will the work cost, and what is included?
How we can help
Rashid Mahmood is a California licensed insurance agent, not an attorney. He can share general information and talk through your questions so you feel ready for the conversation with an attorney. We do not prepare trusts or other legal documents, and this conversation is not used to offer you insurance. For advice about your own situation, and for any trust documents, please speak with a licensed California attorney.
Rashid Mahmood es agente de seguros con licencia en California, no un abogado. Puede compartir información general y conversar sobre sus preguntas para que se sienta preparado para hablar con un abogado. No preparamos fideicomisos ni otros documentos legales, y esta conversación no se usa para ofrecerle seguros. Para asesoría sobre su situación, y para cualquier documento de fideicomiso, hable con un abogado con licencia en California.
Request information
Ask for general information or schedule a conversation about your questions.
Who will contact you. Oake and Honor Insurance Services is the business name of a licensed insurance agent, not a law firm. The person who contacts you is Rashid Mahmood, a California licensed insurance agent, not an attorney. We do not prepare, review or deliver trusts, wills or other legal documents. This conversation is about living trusts only; we will not use it to offer you insurance.
Quién se comunicará con usted. Oake and Honor Insurance Services es el nombre comercial de un agente de seguros con licencia, no un bufete de abogados. La persona que se comunicará con usted es Rashid Mahmood, agente de seguros con licencia en California, no un abogado. No preparamos, revisamos ni entregamos fideicomisos, testamentos ni otros documentos legales. Esta conversación trata solo sobre fideicomisos en vida; no la usaremos para ofrecerle seguros.
Requests open soon. We are finishing how these conversations will work before we take requests on this page. Please check back.
Muy pronto. Estamos terminando de definir cómo serán estas conversaciones antes de recibir solicitudes en esta página. Vuelva a visitarnos pronto.