Welcome to Nolo’s Online 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.
Backup and Pour-Over Wills
A will is a useful companion to a living trust.
Helpful Definitions for Nolo's Living Trust
Living trusts contain some uncommon terms. Here's some help understanding what they mean.
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 of Trust
Banks and other institutions may ask to see your living trust--show them your trust abstract instead.
Who Are the Trustees and What Do They Do?
For now, you are the trustee of your online 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.
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.
Signing, Storing, and Registering Your Trust
After you make your living trust document, there are still a few things to do...
Troubleshooting Your Living Trust
Here's what to do if you run into common situations that affect your living trust.
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.
Revoking Your Living Trust
Revoking a living trust requires some extra knowledge and steps. Here's how.
After a Grantor Dies
What happens after a living trust maker dies depends on the terms of the trust.
If You Need More Help
Here are extra DIY resources to help you create your online living trust, tips to determine if you need a lawyer, and how to find a lawyer.