Living trust - Estate Planning - Revocable living trust - Void Probate - living trust documents - Legal forms
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To better understand the issues relating to your legal situation or problem, our legal information and other law related facts may be of interest to you
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To understand why most Lawyers charge too much for a Living Trust and why it is safe and easy to do it yourself, it helps to know that a Living Trust is simpler to prepare than a will. To draft a standard Living Trust -- which is what most attorneys offer -- you start with a lot of Legal boilerplate (off-the-shelf Legal language) and add the following information:
· The name of the person creating the trust (the trustor). If it's your trust, that's you.
· The name of the person who will manage the trust (the Trustee). Again, if it's your trust, this is you. That's right, the same person creates it and controls it.
· The name of the person who will take over as Trustee and the distribute Property in the trust when the trustor dies or becomes incompetent (the successor Trustee). This will usually be your spouse, child or close friend.
· The names of the people who will receive the Property in the trust (your beneficiaries, just as with a will).
· The name of a person to manage any Property left to minor beneficiaries.
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Return to all Living Trust legal information
Legal Articles about Living Trust
Living Trust Frequently Asked Questions
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