Living Trust Documents Provided by Online Legal Sites

For everything that you need, there’s always the Internet to fulfill it. Typing in your intended product or service is easy these days, with the use of search engines. Take for instance, legal documents. These documents, albeit being provided by the lawyer most of the time, are also provided by online legal sites. They are commonly used because it does not cost much unlike hiring a lawyer to draft these documents.

One example of a legal document being provided by these online legal sites is the living trust document. It is a document which contains an arrangement made between a person who owns a property and the trustee. The agreement is done in the lifetime of the property owner. It implicates that the property is to be transferred to the trustee who will then pass the inheritance of the property owner to his beneficiaries.

Some online legal sites provide general legal documents that are downloadable. Some, though, require online users to buy specific legal online packages, such as the mentioned trust. These sites provide online users information about the product, which costs less than actually hiring a lawyer to create these documents. Information about the package would include its general use, its convenience and setbacks.

This document, though, is sometimes mistaken to be the same as the living will. The will does not signify a document containing the testament of the person about transferring to his beneficiaries his property. Instead, it is a directive concerning the health of the person once he is incapacitated and unable to speak himself. The will is created in advance while the person is alive, and will take effect if he is incapacitated.

The living trust is revocable which means that it can be terminated or changed by the property owner upon several circumstances. These circumstances could either be marriage or, if the trust is a joint initiative, on the event of divorce. Estate planning and divorce online legal sites can give you all the necessary information you need about these documents.