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How To Create A Revocable Living Trust

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How To Create A Revocable Living Trust

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  1. How To Create A Revocable Living Trust? A revocable living trust lets you devise a plan to distribute your property after you pass away. Here are the steps on how to craft this trust. Hire An Estate Planning Attorney An estate attorney will guide you throughout the process of creating an effective and strong revocable trust. Make A List Of The Assets Create an inventory to have a clear idea about the assets you want to include in your revocable living trust. Get Revocable Living Trust Forms Ask your attorney to provide you with a legal kit that contains information about preparing the forms. Add Desired Provisions Consider whether you want to add any child sub-trusts or custodianship. Complete The Form Make sure that you complete the form according as told by your attorney. Get The Document Validated Make sure that you get your living trust notarized to make it official. Choose a trustee wisely, he/she must be someone on whom you can rely upon for financial and legal matters. #Tip A revocable living trust cannot protect you from paying taxes. #Warning Presented By King & King 330 N. Main Street, Kaysville, UT 84037 Phone: (801) 543 - 2288 www.kingfirm.org

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