Free Living Trust Forms Washington State

The trust then owns and manages the property held by the trust through a trustee for the benefit of named beneficiary usually the creator of the trust settlor.

Free living trust forms washington state.

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. A trust provides ccontinuity because it continues after the life of the grantor. It provides flexibility in that it allows the grantor to specify how whenn to whom and for what purpose funds from the trust will. Step 1 download in adobe pdf microsoft word docx or open document text odt.

Washington has a simplified probate process for small estates under 100 000. On the other hand each state has slightly different probate procedures and placing out of state property into a washington living trust will help avoid any dilemmas in distributing these properties to the beneficiaries. Step 2 the first page of the trust document must have the grantor s name at the top of the page with the date of creation below it. For one thing a trust provides continuity of asset management.

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. Step 1 download the state specific form or the generic version in adobe pdf pdf microsoft word docx or open document text odt. It plays on the fear that probate costs and estate taxes will erode the value of your estate. Why would a person create a trust.

Step 2 enter the following information into the first page of the washington revocable living trust form. Therefore the person that is selected as the successor trustee will oversee that all the property in the trust will transfer to the beneficiary at the time. The living trust scam attempts to get you to purchase a living trust. While living trusts can be a useful tool for some many unscrupulous sales persons use it to simply get in the door and sell high commission investments to consumers whether or not it is the best thing for them.

Unlike a will a trust does not go through the probate process with the court. Download a washington living trust form which provides a person a way to plan for the distribution of his or her assets. The probate process in washington is relatively inexpensive and could cost less than the ongoing maintenance of a trust. It is a separate entity separate from the grantor person creating the trust so it has an exisitence beyond the life of the grantor.

Our free washington living trust forms are very popular estate planning tools that can be utilized to avoid probate and court supervision of your assets.