Living Trust Template

A Revocable Living Trust Is A Document That Allows You To Place Assets Or Property Into A Trust So They Can Seamlessly Transfer To Your Beneficiaries After You Pass Away.

You use living trust forms to prepare your assets and estate. A revocable living trust form is a document that creates a legal entity (called a trust) to hold assets like real estate, money, and valuables. The trust hereby shall be known as the living trust of ________. The document allows one to outline their living trust’s details and helps avoid the lengthy and costly probate process.

A Living Trust, Also Known As A Revocable Trust, Is An Agreement Created By A Person, Known As The Grantor, To Hold Some Portion Of Their Assets During Their Lifetime.

Acquire or sell trust property, for cash or on credit, at public or private sale. Use our revocable living trust form to transfer your estate and other assets to your heirs easily and quickly, avoiding court processes. You have assets you want to be distributed quickly upon your death or incapacitation. A living trust (or inter vivos trust) is a legal document allowing an individual (grantor) to place assets under the management of a trustee, who can be the grantor or another party.

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You have assets you want dispersed privately. The trustee is responsible for safeguarding the trust's assets during the grantor's lifetime. In consideration of the mutual covenants and promises set forth in this agreement, the grantor and the trustee agree to the following: You want to appoint a person or professional trustee to manage the assets held in the trust.

What Is A Revocable Living Trust?

Collect trust property and accept or reject additions to trust property from the grantor or any other person. The trust provides for payment of income to the grantor and the distribution. Create your free living trust today. A revocable living trust is an essential legal document that allows individuals to place their assets in a trust while still alive for their beneficiaries to inherit after their death.