With WillMaker's Living Trust, you can easily make a living trust that keeps trust property out of probate. After you complete the friendly interview (which takes less than an hour), you'll have a little more work to do on your own. But it's a fairly straightforward process that will save your family time and money after you're gone.
You'll have help and guidance every step of the way. As you go through the interview, try clicking the blue question mark icons. Doing so will open up Helpful Information on the right side of the screen answering many questions about making your living trust. And those topics will lead to more in-depth help if you need it.
It will be easier to make your living trust if you've given some thought to the following issues:
You'll need to address each of these issues to make your living trust document. But don't worry if the questions seem overwhelming or if you don't immediately have all of the answers. You can work on your living trust at your own pace, pausing and coming back as many times as you need. And we provide helpful information about making these decisions every step of the way.
You must be at least 18 years old and of sound mind to make this trust. Being of sound mind means that you understand what property you own and to whom you want to leave it. WillMaker's Living Trust is designed to be used by most U.S. citizens and permanent residents, including U.S. residents living abroad. However, this living trust is not appropriate for residents of Louisiana or the American territories.
WillMaker's Living Trust CAN:
WillMaker's Living Trust CANNOT:
Nolo provides answers to your questions at every step of the trust-making process.
Here's how to get more information about:
Completing the interview is just the first step in making a functional valid living trust. You also need to:
You will get detailed instructions about how to do each of these tasks.
Making a living trust is a good, reliable way name beneficiaries for your property while keeping your estate out of probate. In addition to making your living trust, you may also want to consider making other estate planning documents, like a back-up will, health care directive, or financial powers of attorney. Visit the Wills, Trusts & Probate section of Nolo.com to explore these topics in detail.
WillMaker's Living Trust is a great estate planning solution for many people because it's convenient, fast, inexpensive, and covers many situations. But we can only provide general information about whether or not this living trust might work for you. If you want legal advice about your specific circumstances, you should contact an estate planning attorney.
Finding a lawyer who best suits your needs usually requires patience, willingness to do some footwork and the ability to comparison shop.