You will need to make a few decisions. Who will you choose as your Trustee? This is the person who will carry out your wishes per the Trust document while you are alive. Usually, you are your own Trustee. Who will be your Successor Trustee? This is the person who will carry out your wishes per the Trust document if you become incapacitated and/or after you have died. You will also choose an alternate Successor Trustee in the event the Successor Trustee you choose cannot serve for any reason. Next, who are your beneficiaries – you need names and addresses.
To prepare to “fund” your Trust, you will need documents relating to your assets, such as deeds to property, bank statements, insurance policies… This process may seem time consuming, but it really isn’t that bad, and once it’s gathered and all in one place, you are well on your way to establishing a Living Trust. Absolute Best Documents Preparers will walk you through this process and give you peace of mind.