Q: Purchase new property in title of a joint trust with unmarried partner?
I'm looking to purchase a property with my partner in the name of a trust to improve our privacy and create the framework for future estate planning. We're unmarried with no kids or other assets. Is it acceptable to have a joint living trust for an unmarried couple in CA? Does this makesense and will we be able to put our new property into the title of this trust? We view each other as spouses even if we're not married yet and want to emulate all the 50/50 split that we'd get from the default option of "Joint Tenancy with Rights of Survivorship" would provide if we didn't make this trust.
A: Yes, you can make a joint trust even if you aren't married. That is the best way to do things if you are together and want to take care of each other after one's untimely passing.
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