🔑Choose the right template for your living trust based on your state's laws.
💼Control your assets as the trustee while you're alive and healthy.
👥Choose successor trustees who can manage your trust in case of incapacity.
🔒Avoid probate court by setting up a living trust and ensure your assets are distributed according to your wishes.
🚫Be wary of potential fraud and choose trustees you can trust.
Can I make a living trust myself?
—Yes, you can make a living trust yourself using a free online tool like LawDepot. However, it's important to consult a lawyer for legal advice and to ensure your trust meets all your estate planning goals.
What does a trustee do?
—A trustee manages the assets in a living trust while the creator is alive and healthy. They have control over the trust assets and are responsible for distributing them according to the trust's instructions.
What happens if I don't choose a successor trustee?
—If you do not choose a successor trustee and become incapacitated, a court may appoint one for you. It is important to choose trustworthy individuals who will act in your best interests and follow your instructions.
What are the benefits of avoiding probate?
—Avoiding probate can save time and money for your beneficiaries. It allows for a faster distribution of assets and keeps the process private. Additionally, it reduces the chances of fraud and disputes over your estate.
How can I protect against potential fraud by trustees?
—To protect against potential fraud, choose trustees you trust and who have a responsible track record. Regularly review your trust, stay involved, and communicate openly with your trustees. Consider involving a lawyer to ensure everything is legally sound.
00:01Learn how to make your own living trust in less than 10 minutes.
01:45Choose the right template for your living trust based on your state's laws.
03:30Control your assets as the trustee while you're alive and healthy.
06:00Choose successor trustees who can manage your trust in case of incapacity.
08:15Avoid probate court by setting up a living trust and ensure your assets are distributed according to your wishes.
11:15Be wary of potential fraud and choose trustees you can trust.
