How Do You Create A Legal Trust?
Basic living trusts are easy to set up, especially if you have a good form from which to start. The essential aspects of a trust include naming a trustee, naming one or more beneficiaries and transferring property to your trust. Most personal property–such as jewelry or family heirlooms–is transferred to the trust merely by listing the property on the trust schedule. Other types of property–including real estate, bank accounts and investment accounts–require documents of conveyance to the trust. Find a copy of a basic living trust form. You can purchase a basic trust form from an online retailer such as Legal Zoom or US Legal Forms. Compile a list of all of the property you want to include in your trust. This list of property is called the Trust Schedule. Choose a trustee and one or more beneficiaries, and name them in the trust document. The trustee is the person or business who will manage the trust, and the beneficiaries are the people who will receive distributions from the tru
