Free Living Trust - Joint

This document creates a trust to manage a couple's assets during their lifetime. It provides for payments of income to the couple, and distributes the remaining assets of the trust upon their deaths.

Use the Living Trust - Joint document if:
  • You own property to be distributed upon your death.
  • You want to designate the persons or organizations that will receive your assets after your death.
  • You want to designate the person who will carry out your wishes.
  • You want to use a living trust and a pour-over will instead of a will, perhaps for privacy reasons.
  • You want to have a system in place for the management of your assets if you become unable or unwilling to manage them yourself.

    Note: This trust is best used for education and planning purposes if your estate is larger than the federal estate tax exemption amount, currently $5,000,000.
  • A desire by a married couple to have one joint living trust instead of two separate living trusts.
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