Revocable Trusts And Divorce

Summary

Revocable trusts generally remain in effect after a divorce unless specifically dissolved. Creating a new trust or will can override previous ones if properly executed. In California, if a property was part of a trust and the title now shows one owner, it may have been transferred out of the trust. Consult a local attorney for specific advice.

Full Conversation

Is a revocable trust cancelled in a divorce proceeding or is it still in effect after a divorce? If a new trust and will is created, will they override the previous one?
Hello ****,
*. A revocable trust generally remains in effect after a divorce unless it is specifically dissolved in the divorce proceedings.
*. Creating a new trust or will can override the previous ones if properly executed.
However, laws vary by location. Can you share where you're located so I can provide more accurate information?
thsnks
Hello ****, the status of a revocable trust in a divorce can vary based on specific circumstances and local laws. May I know your location to provide more accurate information?
SF, Ca
In California:
- Generally, revocable trusts aren't automatically cancelled in a divorce.
- A new trust or will can override the previous ones if properly executed.
For specific advice, please consult a local attorney.
The title on the home ( once comm prop) shows one owner now, not both. The prop was in the trust.
In California, if a property was part of a trust and the title now only shows one owner, it may mean the property was transferred out of the trust. However, this is a complex issue and I advise consulting with a real estate or trust attorney for clarification.
Thank you
You're welcome, ****! If you have any other questions in the future, feel free to ask. Good luck with your situation, and don't hesitate to seek legal advice when needed.