How to create a living trust template

Written by phil m. fowler
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How to create a living trust template
(legal pad and mechanical pencil image by alpy7 from Fotolia.com)

You may create a template for a living trust by simply using your word processing program. Each time you need to draft a new living trust, simply use the template--a form that includes all of the basic components of a trust. Some states have additional components that you should also include in the template.

Skill level:
Moderately Easy

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Things you need

  • Word processor

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Instructions

    Create a Trust Template

  1. 1

    Open your word processor of choice and save a new file for your living trust template.

  2. 2

    Insert a title at the top of the document. The title should be, "[Full name of Trustor] Living Trust." The trustor is the person creating the living trust.

  3. 3

    Insert a section where the truster can write in the name, address, and telephone number of the person or business they want to appoint as the trustee.

  4. 4

    Insert a section where the truster can fill in the name, address, and telephone number of the beneficiary--the person the truster wants to benefit from the trust.

  5. 5

    Insert a specific instructions section where the truster can elaborate on what he wishes to be done.

  6. 6

    Create a trust schedule section where the truster can list all of the property to be held in the trust.

  7. 7

    Create a line where the truster can sign and date the form.

  8. 8

    Add a notary acknowledgement where a public notary can verify that the truster is the person who signed the living trust document.

Tips and warnings

  • There are two types of templates. One can be easily revised using global search and replace functions provided by your word processor. The other is a template that can be given to clients to fill out by hand. If you are using the second form of template, you should include plenty of blank lines to give the truster adequate room to describe each of the parts of the trust
  • Although most state laws don't require a trust to be notarised by a public notary, it is a wise to have this done. A notary acknowledgement creates good, almost indisputable, evidence in case the trust is ever challenged. If you don't include the notary acknowledgement, the trust could be found unenforceable if there is ever a question as to whether the truster actually signed the document.

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