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Joint Living Trust basics

If you're married, a Joint Living Trust can help protect your assets today and ensure your spouse is provided for if something should happen to you. Protect your family and your assets by creating a Joint Living Trust.

Use the Joint Living Trust document if:

  • You're a married couple and want to have one joint living trust to controlled both spouses' assets.
  • You and your spouse want to avoid going to probate court should one spouse pass away.
  • You both want to designate the persons or organizations that will receive your assets after your death.
  • You and your spouse want to designate the person who will carry out your wishes.
  • You want to create a system to manage your assets if you become unable or unwilling to manage them yourself.
  • Note: If your estate will be larger than the federal estate tax exemption amount, currently $5,120,000, this document is best used for education and planning purposes. Consult a lawyer for more complex estate planning.

A married couple can use a Joint Living Trust to establish a solid estate plan. With a Joint Living Trust you and your spouse can avoid probate court, reduce or eliminate estate taxes and also avoid conservatorship proceedings. When your property is placed into a Trust, you and your spouse can control your assets and property using this single trust document. You will be able to determine how your assets are managed during your lifetime and how they will be dispersed after your death.

Other names for this document: Joint Inter Vivos Trust

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Sample Joint Living Trust

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