Living Trust Paperwork

List your assets and decide which you ll include in the trust.

Living trust paperwork.

A living trust is a trust established during a person s lifetime in which a person s assets and property are placed within the trust usually for the purpose of estate planning. A living trust is just one part of your estate planning. As the person creating the trust you can dictate. Wills often are used to designate how assets that are not included in the trust are to be distributed.

The california revocable living trust is a document that allows a grantor to specify how his her assets and property should be managed during their lifetime and after their death the assets designated to the trust may be managed by the grantor only if the grantor chooses to act as trustee person responsible for maintaining the trust however this option is only available with a revocable trust. You can even find living trust forms online to guide you through the process of how to write a living trust and be done in minutes. Living trust forms are used to prepare your estate. The trust then owns and manages the property held by the trust through a trustee for the benefit of the named beneficiary usually the creator of the trust settlor.

The first half of the living trust checklist below will help you make sure you have what you need before you begin the paperwork. A living trust is a document that allows individual s or grantor to place their assets to the benefit of someone else at their death or incapacitation. Unlike a will a trust does not go through the probate process with the court.