Law Office of Jerome S. Snyder

Frequently Asked Questions

1. Can I get a reversing mortgage if I have a Living Trust?

Yes. A reverse mortgage does not affect your Living Trust or vice versa. If you already have a Living Trust you can apply for a reverse mortgage. If you have a reverse mortgage you can transfer your property into a Living Trust.

If you have a trust prepared by us and you have any questions about a reverse mortgage you are welcome to call our office to get more information.

2. DO I HAVE TO ATTEND THE SEMINAR TO GET A TRUST FOR $695.00?

Yes! As a law firm we cannot do legal documents for you until we have seen you and we want you to see and know something about us.

3. WHAT EXACTLY IS A LIVING TRUST ANYWAY?

A living trust is a legal document that does the same thing a will does. It tells the world where your property will go after you are deceased. Unlike a will, however, your living trust does not have to be filed for probate at the county probate court and so you pay no probate fees or experience probate delays.

4. DOES $695.00 C0VER THE ENTIRE COST OF THE TRUST?

The total charge for the Trust is $695.00 which includes the first two pieces of real estate. If you own more than two properties there is an additional charge of $50.00 per property for the deed preparation.

5. WHY ARE YOUR TRUSTS SO CHEAP COMPARED TO SO MANY OTHER ATTORNEYS?

THERE ARE TWO REASONS. In the first place, at the living trust seminar, I get to address a large number of people for about an hour and a half at one time, and I may get five to fifty orders at the end of each seminar. If I had to sit down in my office with each couple individually for an hour and a half, I too would have to charge more of each trust.

In the second place, all legal documents today are prepared on a computer template. Whoever prepares your Living Trust, they will ask you to fill out some kind of worksheet and they will use that worksheet to fill in the template and print out the trust documents. No one will spend more than two hours preparing the documents once you give them the completed worksheet.

Today a Living Trust is a standard package of documents. They should all contain the same thing. The cost of the package is not always the best guide to how well it's done.

6. HOW LONG DOES IT TAKE TO PREPARE THE TRUST?

Once we receive the information from you that we need to prepare your trust normal turn around time is 15 to 20 days.

7. DO I HAVE TO PAY TO MAKE CHANGES TO MY TRUST IN THE FUTURE?

No. There is no charge or cost to make future changes.

8. DOES PUTTING MY PROPERTY IN A TRUST WITH MY SPOUSE MAKE IT COMMUNITY PROPERTY?

No. Your trust can be drafted in such a way that each spouse’s separate assets remain separate assets even though they are in the trust.

9. CAN MY HUSBAND OR WIFE CHANGE THE TERMS OF THE TRUST IF I SHOULD DIE FIRST?

Not necessarily. Your trust can be drafted in such a way as to either prevent or allow the surviving spouse to make changes after you are deceased.

10. IF I LEAVE MY HOUSE TO MY SON WILL HIS WIFE OWN HALF OF IT?

No. Inheritances are separate property not community property in California. Anything your children inherit is separate property even though they are married at the time.

11. WILL MY TRUST BE REVIEWED BY AN ATTORNEY?

Yes. Every trust we prepare is reviewed and signed by one of our attorneys.

12. DOES A MARRIED COUPLE PAY MORE THAN $695.00 FOR A LIVING TRUST?

No. A living trust for a married couple is $695.00.

Law Office of Jerome S. Snyder

12881 Knott Street
Suite 101
Garden Grove CA 92841

Office: 714-892-7720
Fax: 714-894-4982
Email: info@jeromesnyderlaw.com

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