Welcome to Nolo’s Living Trust
Here's a quick overview of Nolo's Living Trust to help you get started.
How a Living Trust Helps Your Family
You can save your family a great deal of time and money by creating a basic living trust.
How a Living Trust Works
During your life, you retain full control of the property in your living trust.
What Living Trusts Cannot Do
Living trusts are useful and powerful documents, but they do have limitations.
Drawbacks of a Living Trust
Before you make a living trust, you should know the downsides.
Other Ways to Avoid Probate
Living trusts are not the only way to avoid probate.
Helpful Definitions for Nolo's Living Trust
Living trusts contain some uncommon terms. Here's some help understanding what they mean.
Backup and Pour-Over Wills
A will is a useful companion to a living trust.
Is a Shared Trust Right for You?
Couples should consider whether they want to make individual trusts or a shared trust.
Sample Individual Living Trust
Here is an example of a Nolo living trust, made for a fictional person.
Making a Certification or Abstract of Trust
Use a certification of trust to prove to a bank or other institution that your trust exists while keeping its details private.
Who Are the Trustees and What Do They Do?
For now, you are the trustee of your living trust. After you die or become incapacitated, a successor trustee will manage trust property.
Who Will Get Trust Property
Naming beneficiaries for trust property is key to making a living trust.
Alternate and Residuary Beneficiaries
Naming alternates and a residuary beneficiary creates a backup plan for the unexpected.
Transferring Titled Property Into Your Trust
Here are some details about transferring the title of various types of property.
Transferring Real Estate Into Your Trust
To get your real property into your trust, you must change the name of the owner on the title document -- from your name to the name of the trust.
Transferring Untitled Property into Your Trust
"Untitled" property is property without a title document. It's easy to transfer untitled property in and out of your trust.
Signing, Storing, and Registering Your Trust
After you make your living trust document, there are still a few things to do...
Trustees of a Shared Trust
Learn how trustees can manage a shared trust
Successor Trustees for Shared Trust
Learn how successor trustees will function for a shared trust
Decide What Property to Hold in Trust
Decide what items of property would be best to include in your trust
How to Describe Trust Property
Examples of how to describe property you will include in the trust
Property Ownership in a Shared Trust
Learn how to keep property separate in a shared trust.
If You Need More Help
Here are extra DIY resources to help you create your living trust, tips to determine if you need a lawyer, and how to find a lawyer.
Amending Your Trust Document
If you need to make changes to your living trust after you sign it and fund it, you have a few options.
Troubleshooting Your Living Trust
Here's what to do if you run into common situations that affect your living trust.
After a Grantor Dies
What happens after a living trust maker dies depends on the terms of the trust.
Revoking Your Living Trust
Revoking a living trust requires some extra knowledge and steps. Here's how.