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Gonzaga University School of Law – Spokane, Washington – Class of 2002 – Cum Laude The Latin phrase “Deo patriae, scientiis, artibus” translates to “For God and country through sciences and arts”. The initials A.M.D.G. on the seal of Gonzaga Law School stand for Ad Majorem Dei Gloriam, which is Latin for “For the Greater Glory of God” the Motto of the Society of Jesus (Jesuits): a Catholic religious order founded by St. Ignatius of Loyola.
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Assigning non-titled property to a revocable living trust is important for several key reasons, particularly in the context of estate planning:
Avoiding Probate: The primary advantage of a revocable living trust is that assets held in the trust generally bypass the probate process upon your death. Non-titled property, which are personal belongings that don’t have legal titles like cars, real estate, or financial accounts, would typically be subject to probate if not included in the trust. By assigning this property to your trust, you ensure it can be distributed to your beneficiaries without court involvement, saving time, money, and potentially maintaining privacy.
Ensuring Distribution According to Your Wishes: While a will dictates how your probate assets are distributed, a trust provides a mechanism for transferring non-titled property directly to your beneficiaries according to your wishes. This can be particularly important for items with sentimental value, ensuring they go to the individuals you intend to receive them.
Simplifying Estate Administration: Assigning non-titled property to your trust simplifies the administration of your estate, as the trustee can manage and distribute these assets without needing to go through the court-supervised probate process.
Providing for Contingency Planning: A trust allows you to name a successor trustee who can manage your assets, including non-titled property, if you become incapacitated. This ensures that your valuable personal belongings are taken care of and distributed as you intended, even if you are unable to manage your own affairs.
Reducing Potential Disputes: Clearly documenting your intentions regarding the distribution of non-titled property within your trust can help prevent disputes among your beneficiaries. This can be especially valuable for items with emotional or sentimental value, which can sometimes be the source of family conflicts after someone’s death.
How to Assign Non-Titled Property to a Trust:
While you don’t “title” non-titled property in the same way you would title a car or a house, you generally assign it to a trust through a general assignment or by specifically listing items in your trust document.
General Assignment: This involves a broad statement in your trust document that assigns all of your tangible personal property to the trust.
Specific List: For valuable or sentimental items, you may choose to create a separate list that identifies these specific items and designates the beneficiary who should receive them. This list is typically incorporated into or attached to your trust agreement.
Important Note: It’s highly recommended to work with Christopher S. Mulvaney to ensure your trust document is properly drafted and your non-titled property is assigned to the trust in a way that aligns with your wishes and the specific requirements of Washington law.
To Always Be a Human Being First, and My Role Second. To First, Do No Harm, then to provide the best legal outcome, smoothest process, best value, and to make a positive difference in the life of every client.
Christopher S. Mulvaney’s Mantra:
May I be filled with loving kindness for all life. May I be safe from dangers within and without. May I be healthy in body, mind, socially, and spiritually. May I be at ease and happy, doing good in the world.
May You be filled with loving kindness for all life. May You be safe from dangers within and without. May You be healthy in body, mind, socially, and spiritually. May You be at ease and happy, doing good in the world.
I am an experienced solo estate planning, debtor bankruptcy, and real estate attorney. At my law firm in Bellevue, Washington between Eastgate and Factoria, I do things a little differently. I am passionate about helping people take control of their lives.
One of my primary practice areas is urgent (bankruptcy), and the other is important, but not urgent (estate planning). Not letting the urgent crowd out the important is key. I have made a choice to include the positive difference I make in the life of each client in how I calculate profit. This means I have higher job satisfaction, and happy clients who confidently give referrals.
My goal is that my work is transformative for people during a challenging time in their lives. At Mulvaney Law Offices, PLLC (MLO), you will not find a gatekeeper. There are no forgotten cases hiding on an associate’s cluttered desk. It’s just me, working with each one of my clients one-on-one to resolve their legal concerns as favorably as possible.
As your lawyer, I will personally handle every aspect of your case. My office is not a factory churning out thousands of filings per year, where each case matters little. You, and your case, matter to me. You can see what clients have said about me, and leave your own reviews at these links.
Mulvaney Law Offices, PLLC is located in Bellevue, Washington, representing estate planning & chapter 7 and chapter 13 bankruptcy, clients in all 39 Washington Counties.
Washington State residents can meet with me in Zoom/DocuSign from anywhere in the world, and I can notarize their electronic signatures because I am a remote online notary. Just email me an image of your photo ID.