Living Trust Template Washington State

The trust provides for payment of income to the grantor and the distribution of the remaining trust assets once the grantor dies.

Living trust template washington state.

A living trust is an effective tool that can provide you with the flexibility and privacy you seek. The trust is managed by an appointed trustee. The person in charge of managing the trust is known as the trustee. Washington has a simplified probate process for small estates under 100 000.

A trust provides ccontinuity because it continues after the life of the grantor. A living trust also known as a revocable trust is an agreement created by a person known as the grantor to hold some portion of their assets during their lifetime. Often the grantor creator of the trust will name themselves trustee although this is not permitted if they have chosen an irrevocable trust. The washington living trust is an entity into which a person places property and other assets to benefit from during their lifetime and to bequeath unto their named beneficiaries when they die.

For the purpose of this living trust the following definitions will apply. It also maintains the privacy of this distribution from public record. To create a living trust in washington prepare a written trust document and sign it before a notary public. Washington does not use the uniform probate code which simplifies the probate process so it may be a good idea for you to make a living trust to avoid washington s complex probate process.

If any provisions of this living trust are deemed unenforceable the remaining provisions will remain in full force and effect. Preview the entire trust on the product page. Washington state probate washington wills information about wills in washington a revocable living trust as a will substitute. Revocable living trust agreement this revocable living trust agreement hereinafter trust is being made on this the day of 20 by and between of county state of arizona hereinafter referred to as the trustor whether one or more and the trustee designated below and.

The washington revocable living trust form is a document used for distributing one s estate which ensures that the estate s inheritors will bypass probate court proceedings. The grantor will place their assets and property into this trust appointing a trustee to manage the trust and one or more beneficiaries as their. It provides flexibility in that it allows the grantor to specify how whenn to whom and for what purpose funds from the trust will. Only showing a few pages.

How to create a living trust in washington. To finalize the trust and make it effective you must transfer ownership of your assets into it. A living trust in washington can be a useful way to plan your estate. Download a washington revocable living trust form which allows you as grantor to set aside assets and property in a separate entity for the benefit of your loved ones.

This living trust will be governed in accordance with the laws of the state of washington.