How do I set up a living trust?

Setting up a living trust in Washington is an important process for estate planning law. In order to set up a living trust, you must create a written trust document that delineates the terms of the trust. The document must include: (1) the purpose of the trust, (2) the names of the trust maker (grantor), the trust beneficiary and the successor trustee, (3) details on how the trust will be funded, (4) the process used to distribute assets to beneficiaries, and (5) the trust maker’s intentions regarding managing the trust. Once the trust document is written, the trust maker must sign it in the presence of a notary public. The trust maker is also responsible for transferring assets from their individual name into the name of the trust. Depending on the asset, this may require updated titles, documents and/or deeds. Finally, the trust maker must establish a bank account in the name of the trust. When opening the account, provide the bank with a copy of the trust document to ensure all of the legal requirements are met. To ensure the trust is set up correctly, consult with an experienced estate planning attorney in Washington. They will be able to answer any questions you might have, explain the legal implications of the trust, and ensure that the trust is set up correctly.

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How do I set up a living trust?

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