How do I go about creating a living trust?

Answer by  janedoe (701)

A living trust can be either very complicated, or very simple, depending on your circumstances. If your finances are fairy complicated, you should contact your local bar association for an estate planning attorney. If your finances are fairly simply, most banks or brokerages (such as Charles Schwab) can help you set up a living trust.

Answer by  knowitall39 (475)

To create a living trust you will need a lawyer. Ask people you trust for recommendations. Or you could also try .

Answer by  patti (29325)

Most states require that an attorney prepare a living trust. Given the complex nature of inheritance, property and taxes, it's a good idea to consult with an attorney.

Answer by  Christian9247 (5042)

Depending on your income depends on how complicated a trust becomes. Usually a bank can help you create a trust. You also need an attorney to help draft the paperwork.

Answer by  LadyLawyer (325)

These are as valuable as wills so they must be done right. Write down all your assets, including every bank, credit union, etc. Know who you want to receive these items. Also, along with your Trust, do a health care surrogate, and Durable Power of Attorney. Go to an attorney!

Answer by  Mary (2095)

The most simple way is to go to a bank and create a trust account with the bank. They will be the most helpful without paying by the hour for advice.

Answer by  withsmluck (793)

For a living trust to be completely legal and binding, have an attorney help with the paperwork. You want to make sure you stay perfectly within the laws regarding trusts and that all the necessary verbage is included.

Answer by  Dean (4035)

Most states require that living trust documents be drawn up by an attorye. Talk to an estate-planning attorney or financial adviser to determine if this is the best option.

Answer by  tina63 (273)

To create a living trust you transfer sign and transfer title of the trust to the trustee who holds it in trust for the beneficiary. You do this while you are still alive and thus it is considered a living trust.

Answer by  belle39 (966)

You create a living trust by getting a trusted and credible attorney who specializes in this, then meet with him to create the living trust. In your living trust you would specify who will be the beneficiaries of your assets such as bank accounts, movables, etc. This is unlike a will, where you leave assets after you die.

Answer by  flamiss22 (5081)

Some legal documents you can create yourself if you go on a legal website or subscribe to one. They will walk you through it. But get a second opinion