Revocable Living Trust

Setting Up Your Revocable Living Trust

Secure your assets and ensure a smooth transition for your beneficiaries with a personalized Revocable Living Trust. For a flat fee of $1500, English Law’s Estate Planning Attorney’s craft a trust document that is in sync with your financial goals and family needs.

First Name *

Last Name *

Email *

Phone *

State *

Are you creating this Living Trust with anyone else? *

SECOND GRANTOR DETAILS (IF THERE IS ONE)

Who are you creating this trust with?

Spouse: If Spouse: SPOUSE
Do you have a spouse? Yes/No
Who is your spouse? Full Name:
City/Town:
State:
Someone Else? Yes/No
Full Name:
City/Town:
State:

TRUSTEE

The trustee controls and manages all the assets in your Living Trust. Most people appoint themselves as trustee so they retain control of their assets during their lifetime. If you are considering appointing someone else, ensure the person is both trustworthy and competent.

Will you and your co-grantor control your assets as trustees?

Trustee Yes/No
If No Trustee 1 Full Name:
City/Town:
Sate:

Trustee 2

Trustee 2 Full Name:
City/Town:
State:

Trustee 3

Trustee 3 Full Name:
City/Town:
State:

SUCESSOR TRUSTEE

A person is incapacitated if they are impaired by a mental or physical condition. Being incapacitated means the person can't make rational decisions.
Who will manage your trust if you and become incapacitated?

Successor Trustee 1:

Successor Trustee 1 Full Name:
City/Town:
State:

Successor Trustee 2

Successor Trustee 2 Full Name:
City/Town:
State:

ASSETS

Provide a detailed and accurate description of each asset. For financial accounts, include the account number and financial institution. For real estate, include the legal land description.
Assets with high monetary or sentimental value can be transferred into your trust.

You can transfer:

Real estate
- Description needs: Address, City ST Zip and the Legal Description listed on the Deed for the real estate.
Stocks and bonds
- Description needs: Name of Institution, Name on Account, Type of Account (Checking, Savings, IRA, Investment) and Account #.
Savings accounts
- Description needs: Name of Institution, Name on Account, Type of Account (Checking, Savings, IRA, Investment) and Account #.
Insurance
- Description needs: Name of Institution, Name on Account, Type of Insurance and Account #.
Business
- Description needs: Legal Name of Entity (DBA if Applicable) and EIN.
High-value personal items
- Assets typically not transferred into a trust include:
Vehicles (to avoid complications with registration and insurance)
- Description needs: Year, Make, Model, Color, VIN #.
Checking accounts
- Description needs: Name of Institution, Name on Account, Type of Account (Checking, Savings, IRA, Investment) and Account #.
Low-value personal items

An asset is something you own, such as real estate, vehicles, and personal possessions. Your money, including investments and cash, is also an asset.

Transferring assets into your trust, also called funding your trust, is an important step. Right now you're just listing assets to create an inventory to help your trustee. After you complete this document, we'll guide you through the simple process of funding your trust.

What assets do you plan to transfer into your Living Trust?

First Asset Description:
Second Asset Description:
Third Asset Description:
Fourth Asset Description:
Fifth Asset Description:
Sixth Asset Description:
Seventh Asset Description:
Eighth Asset Description:
Ninth Asset Description:
Tenth Asset Description:
Eleventh Asset Description:
Twelfth Asset Description:
Thirteenth Asset Description:
Fourteenth Asset Description:
Fifteenth Asset Description:

e.g. My house at 123 Street, Block 1, Lot 2; or my bank account with Bank of America, account number 1234567.

IF MORE ASSETS ARE NEEDED PLEASE INCLUDE IN ADDITONAL NOTES BELOW

GIFTS

You can only gift items you transfer into your Living Trust. Gifts can be made to people, charities, and business entities, such as a partnership or corporation. If you give a gift to a person with a disability, make sure you understand the impact the gift may have on their eligibility for Supplemental Security Income and Medicaid. Cash gifts may disqualify them from these benefits. Your Living Trust can only control the assets you put into the trust. Any gifts you list on this page will be given to the gift recipients after you pass away.

Do you want to gift anything from your Living Trust? *

If Yes First Gift Recipient *RLT Document*

Full Name:
City/Town:
State:
Recipient is a minor? Yes/No:
Describe the gift?

Second Gift Recipient *RLT Document*

Full Name:
City/Town:
State:
Recipient is a minor? Yes/No:
Describe the gift?

Third Gift Recipient *RLT Document*

Full Name:
City/Town:
State:
Recipient is a minor? Yes/No:
Describe the gift?

Fourth Gift Recipient *RLT Document*

Full Name:
City/Town:
State:
Recipient is a minor? Yes/No:
Describe the gift?

Fifth Gift Recipient *RLT Document*

Full Name:
City/Town:
State:
Recipient is a minor? Yes/No:
Describe the gift?

BENEFICIARY DETAILS

The beneficiaries you name will inherit the residue of your trust. The residue of your trust includes all assets remaining in your trust after specific gifts have been given.
You can name an individual, charity, or business entity, such as a partnership or corporation, as a beneficiary.

If you name a person with a disability, make sure you understand the possible impact on their eligibility for Supplemental Security Income and Medicaid.

Who are your beneficiaries?

First Beneficiary *RLT Document*

Full Name
City/Town:
State:
Beneficiary is a minor? Yes/No

Second Beneficiary *RLT Document*

Full Name:
City/Town:
State:
Beneficiary is a minor? Yes/No:

Third Beneficiary *RLT Document*

Full Name:
City/Town:
State:
Beneficiary is a minor? Yes/No:

Fourth Beneficiary *RLT Document*

Full Name:
City/Town:
State:
Beneficiary is a minor? Yes/No:

Fifth Beneficiary *RLT Document*

Full Name:
City/Town:
State:
Beneficiary is a minor? Yes/No:

Sixth Beneficiary *RLT Document*

Full Name:
City/Town:
State:
Beneficiary is a minor? Yes/No:

Seventh Beneficiary *RLT Document*

Full Name:
City/Town:
State:
Beneficiary is a minor? Yes/No:

Eighth Beneficiary *RLT Document*

Full Name:
City/Town:
State:
Beneficiary is a minor? Yes/No

Ninth Beneficiary *RLT Document*

Full Name:
City/Town:
State:
Beneficiary is a minor? Yes/No:

Tenth Beneficiary *RLT Document*

Full Name:
City/Town:
State:
Beneficiary is a minor? Yes/No:

DIVISION OF ASSETS *

If Unequally How would you like to divide your assets? The number of shares must add to 100.

First Beneficiary Shares:
Second Beneficiary Shares:
Third Beneficiary Shares:
Fourth Beneficiary Shares:
Fifth Beneficiary Shares:
Sixth Beneficiary Shares:
Seventh Beneficiary Shares:
Eighth Beneficiary Shares:
Ninth Beneficiary Shares:
Tenth Beneficiary Shares:

ADDITIONAL TERMS

If there are no other resources left after you die, your trustee may be compelled to pay your unresolved taxes or legally enforceable debts and expenses out of your Living Trust.

Do you want your final taxes and debts to be paid out of your Living Trust? *Final expenses may include expenses related to last illness, burial, and funeral expenses.

Do you want your funeral costs and other final expenses to be paid out of your Living Trust? *

Do you want your minor beneficiaries to be a certain age before receiving anything from your Living Trust? *

If Yes Age:

POUR-OVER WILL
Do you want to create a Pour-Over Will?

EXECUTOR Do you want your Trustee to administer your estate? *

If No Executor,

Executor 1 Full Name:
Executor 1 City/Town:
Executor 1 State:
Executor 2 Full Name:
Executor 2 City/Town:
Executor 3 State:

SIGNING DETAILS When will you sign your Living Trust?

Specify date When will you sign your Living Trust?

Where will you sign your documents? *

City/Town:
State:

Most states do not require witnesses for creating a Living Trust. Although there may be no such requirements under state law, it is a good idea to have at least one witness.

How many witnesses will sign this Living Trust? *

Notary public only

One witness and a notary public

Two witnesses and a notary public

ADDITONAL NOTES Please write any additional notes or questions you may have that you want included or covered in your Revocable Living Trust.

Signature: Revocable Living Trust *

Clear

Signature Date: Revocable Living Trust *

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