Living Trust Template: Revocable Living Trust
Description
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A living trust is one of the two main ways to avoid probate. (The other is joint tenancy or
survivorship.) A living trust allows you to put your assets in a trust while you're still alive. A living trust is helpful if you:
You want to designate a person to act as your executor and carry out your wishes.
You own property to be dispersed upon your death.
You want to designate a person or organization to receive your assets after your death
You want to have a protocol in place for the management of your assets and the care of your children if you become unable to manage or care for them
Requirements for setting up a living trust vary with each state, so be sure to seek an attorney to ratify your documents.
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