How to Do a Living Trust When Separated in a Community Property State?

Answer Legal separation in community property states involves living separately and physically apart. Although the law varies slightly by state, separated married partners terminate the marital community.... Read More »

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How to Change Joint Tenancy to Community Property in a California Living Trust?

If you write a will, a court will supervise the transfer of your assets to your heirs after you die. This process, called probate, can takes months. A living trust allows you to avoid probate and t... Read More »

How to Transfer Property Into a Living Trust?

You may wonder what you may do with a living trust and, quite frankly, why to bother. A living trust is revocable during the settlor's lifetime. You, the person who created the trust, are the "sett... Read More »

Is North Carolina a community property state?

North Carolina is not a community property state. Assets are distributed under equitable distribution. If divorced couples cannot agree on distributing their assets, the court decides what is fair,... Read More »

Is West Virginia a community-property state?

West Virginia is not a community-property state. This means that you are not responsible for your spouse's debts unless you assume them voluntarily. Co-signing a loan is one example of assuming res... Read More »