A Trust is a legal relationship that centers on a document where you transfer the legal ownership of your assets to the trust, under the oversight of a Trustee. Creating and funding a Trust helps avoid probate court and streamline the wealth-transfer process for your heirs. It holds assets, like your home and bank accounts, that will be directly inherited by a beneficiary and helps family members immediately access funds. Any assets that are not named within your Trust can be transferred into it upon your passing by way of a Pour Over Will. We understand that planning your estate and creating your Revocable Living Trust and Pour Over Will can seem like a difficult process, but with Gentreo it is easy and affordable. To help guide you through the process even further, we have provided you with a step-by-step guide to help assist you through everything.
Before you start...
- Gather contact information for Trustee & beneficiaries
- Create a general inventory of your assets
- Choose your Personal Representative(s)
Steps to Create My Living Trust
- Name Your Trust & Select Its Trustees
- Determine Any Trustee Compensation
- List Your Immediate Family
- Decide How to Distribute Assets (Including Specific Gifts)
- Name Beneficiaries for Personal Tangible Property
- Name Beneficiaries for Non-Tangible Gifts
- Express Your Wishes for Remaining Assets
- Appoint Your Personal Representative
- Print and Sign Your Trust in front of Witnesses & a Notary
- Upload & Share Your Trust with your Gentreo Digital Family Vault
Get all of the details about each step with our helpful checklist!
