Trust
Information
The trust
will only become active when completed,
received by you, signed, and
notarized:
Name of Trust:
Any name you
choose, e.g., "Super Special Trust" or "John
and Mary Smith Trust."
Grantor/Trustee 1:
The person
putting assets into the trust.
Usually this is your full legal
name.
Grantor/Trustee 2:
If you are
married, this is your spouse's full legal
name. If this is a one person trust,
this box is left empty.
Successor Trustee 1:
This person
will receive control of the trust assets upon
the death or incapacitation of the original
trustees. This person will use the
assets for your benefit during incapacitation
or will distribute to the successor
beneficiaries if you are dead (successor
beneficiaries usually are your children or the
people you want to receive your estate).
Successor
Trustee 2:
This is
another person you want to pass control of the
assets to upon the death of the original
trustees. If you have a second
Trustee you must choose only one of the
following:
"Any of the successor trustees has full and
independent authority to act for and represent
the trust."
[or]
"All
of the successor trustees must consent, in
writing, to any transaction involving the
trust or trust property."
Beneficiaries
These people
receive your assets after the death of the
original trustees.
Beneficiary 1:
Beneficiary 2:
Beneficiary 3:
Beneficiary 4:
Beneficiary 5:
Beneficiary 6:
Usually the
beneficiaries will receive an equal interest
in the trust assets.
Will the
beneficiaries receive anything other than an
equal share of the estate? Example
of Yes: You want to bequeath specific
assets to specific beneficiaries or you want
to bequeath different percentages of various
assets to different beneficiaries.
If so describe as specifically as possible
here:
Assets
While you
(original trustee) are alive, you may freely
transfer property into and out of the trust at
anytime.
List the assets
you intend to transfer into the trust --
e.g.,1,2,3,... If you aren't sure,
list as best you can and indicate that you
have faxed a copy of the title to me at (310)
878-0100 or send me an email at
chris@christopherbrainard.com
The following
assets are designated into the trust:
*
Real Estate
must be described as on the Deed. There
are no property tax reassessments on transfers
to yourself as trustee. You will need to
deed the property to yourself "as trustee of the
trust" which will be signed, notarized, and
recorded later. You should list and fax
me a copy of the deed.
*
Cars are
listed with VIN, Registration Number, License
Plate, and description of vehicle (e.g., white
1989 Jeep Wrangler). You can change
title and re-register at the DMV via the usual
process. You should list and fax me a
copy of the
registration.
*
Stocks,
bonds, partnership interests, bank accounts, etc. are listed
and then title changed via the usual process.
List and fax me if necessary.
*
Personal
Items without certificate of title are simply
listed with a description. If extremely
valuable, you can execute a separate just for
added security. You should let me
know in the description of this intention.
Custodians/Child Trust Trustee
This
person will act as the guardian under
"Uniform Transfers to Minors Act" or as the
"Child Trust Trustee" -- depending on which is
more appropriate. He/she
will receive, hold, and use the assets for the
successor beneficiaries until they turn 18
years old (or the age you designate).
Age of Beneficiaries in Order to Receive Trust
Assets:
Custodian/Trustee:
If you want
different custodians/trustees for each
successor beneficiary and/or you want
different ages for each beneficiary in order
to receive their share of the trust assets,
you will have to tell me more specifically:
Other
Directions and/or Concerns
If you have any
other directions and/or concerns:
