Law & Legal & Attorney Wills & trusts

How to Legally Designate a Revocable Trust

    Create Revocable Trust

    • 1). Obtain a copy of a trust document that you can use as a form. Many online retailers sell simple revocable trust forms for reasonable prices, as do many attorneys and law firms. Or you can get a form from somebody you know who has created a revocable trust in your state.

    • 2). Designate a trustee to manage, invest and disburse the trust property. The trustee can be you, a friend or family member you trust, an attorney or a trustee department at your bank.

    • 3). Designate at least one, but more if you want to, beneficiary to receive trust income and distributions.

    • 4). Draft in the trust document any special instructions you want the trustee to follow, such as how to invest the trust property, how to disburse the trust property, what bank account to use or anything else you have in mind.

    • 5). Designate the property you want placed in the trust. If you want to put real estate in the trust, you need to draft a quitclaim deed conveying the property to the trustee.

    • 6). Sign the trust document in the presence of a public notary. Most state laws do not require a notary acknowledgment, but it is strongly recommended because it can help resolve any evidentiary disputes over whether you actually signed the trust, particularly if the trust is to survive after you die.

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