Set up a living trust to avoid probate, hold property, reduce taxes or manage your assets with these easy-to-use Trust Agreements and related forms.
Q. What is a living trust?
A. A living trust is one that is formed while you're alive (unlike a testamentary trust, which is created by your Will and does not exist until after your death). There are many different kinds of living trusts, and each has a specific purpose. Some are revocable (meaning they can be revoked after coming into effect) and some are irrevocable, meaning the terms of the trust cannot be changed once it becomes effective.
Q. Should I make my trust a revocable trust or an irrevocable trust?
A. That depends on what the underlying purpose of the trust is to be. Any property you place in a revocable trust can be transferred out of the trust whenever you want, but property placed in an irrevocable trust cannot. That property now belongs to the beneficiaries of the trust. This is the most effective means of earmarking assets for the benefit of minor children. Once they're part of the trust estate, they cannot be used in any manner or for any purpose except those stated in the Trust Declaration. It's also a widely used method of avoiding US federal estate taxes and protecting assets from attachment by creditors.
Protect your assets and avoid probate proceedings by placing your estate property into trust with this Revocable Living Trust Agreement for California residents.
The trustee will pay the trust income to the settlor (maker of the trust), and such portion of the principal of the trust as the trustee sees fit for the medical care, maintenance and welfare of the settlor.
If the settlor becomes unable to manage his/her affairs, the trustee may pay the trust income and prin.....
Prepare annual resolutions for a family trust in Canada with this easy-to-use forms package which contains:
Trustee resolutions naming the records office, appointing the accountants, and confirming the acts of the trustees.
Trustee resolutions resolving that all income allocations and expense payments required to be made have been or will be made for the year, and that the trust will not be liable for income tax under Part 1 of the Income Tax Act.