Living Trust Template
  • General Information
    • Grantor's Details
    • Appointment of Trustee
    • Disposition of Grantor's Estate
    • Miscellaneous
  • Complete the Document
    • Format & Signatures

Grantor's Details

  • Indicate the full name of a Grantor (i.e. this a person who makes a trust):

  • Indicate Grantor's residential address:

  • Indicate the name of a state, where Grantor currently resides:

  • Does a Grantor have any living children?

    !

    Living children include all biological and adopted children of a Grantor, who is alive on the date of making this trust.

  • Indicate full name and date of birth of all Grantor's children (biological or adopted):

  • Indicate Grantor's family status:

    !

    In the United States, “common law marriage” refers to a marriage without a formal ceremony or license, recognized in a minority of states.

    It requires the couple to live together, hold themselves out as married, and have a mutual agreement to be married.

  • Indicate full name of the Grantor's spouse or partner:

Appointment of Trustee

  • Indicate the full name of Trustee (i.e. a person who manages the living trust):

    !

    In a living trust, the trustee is the person or institution responsible for managing the assets placed in the trust according to the terms set out in the trust document.

  • Indicate residential or business address of the Trustee:

  • Indicate the full name of an alternative Trustee:

    !

    A successor or alternative trustee shall be appointed if the primary trustee under the living trust dies or becomes unable to fully perform their duties.

Disposition of Grantor's Estate

  • To whom shall the residue of the Grantor’s trust be distributed upon the Grantor’s death:

    !

    In the context of a living trust, the residue refers to the portion of the Grantor’s estate that remains in the trust after all specific gifts, debts, taxes, and expenses have been paid.

    Essentially, it’s the “leftover” part of the trust assets that hasn’t been specifically allocated to a particular beneficiary.

  • If the Grantor’s spouse dies, to whom shall the residue of the trust be distributed thereafter?

  • Once the Grantor's spouse dies, indicate the full name of one beneficiary to whom all residue shall be distributed:

  • Upon the death of the Grantor’s spouse, specify the beneficiaries and the portions of the Grantor’s residue each is to receive:

  • If the Grantor’s childen die, to whom shall the residue of the trust be distributed thereafter?

  • Upon the death of the Grantor’s children, specify the beneficiaries and the portions of the Grantor’s residue each is to receive:

  • Once the Grantor's children die, indicate the full name of one beneficiary to whom all residue shall be distributed:

  • Indicate full name of an individual, to whom the residue of the Grantor’s trust shall be distributed:

  • If the named beneficiary dies, to whom the Grantor's residue shall be distributed thereafter?

  • Indicate the full name of an alternative named beneficiary:

  • Upon the Grantor’s death, provide the full names of all beneficiaries who will receive the residue in equal shares:

  • If named above beneficiaries die, to whom the Grantor's residue shall be transferred thereafter?

  • If any of the beneficiaries named above predecease the Grantor, provide the full name of the alternate beneficiary who shall receive the residue:

  • Describe in detail how the Grantor's residue shall be distributed after the Grantor's death:

  • To whom shall the residue of the Grantor’s trust be distributed upon the Grantor’s death:

    !

    In the context of a living trust, the residue refers to the portion of the Grantor’s estate that remains in the trust after all specific gifts, debts, taxes, and expenses have been paid.

    Essentially, it’s the “leftover” part of the trust assets that hasn’t been specifically allocated to a particular beneficiary.

  • If the Grantor’s children die, to whom shall the residue of the trust be distributed thereafter?

  • Once the Grantor's children die, indicate the full name of one beneficiary to whom all residue shall be distributed:

  • Upon the death of the Grantor’s children, specify the beneficiaries and the portions of the Grantor’s residue each is to receive:

  • Describe in detail how the Grantor's residue should be distributed after the Grantor's death:

  • Indicate full name of an individual, to whom the residue of the Grantor’s trust shall be distributed:

  • If the one named beneficiary dies, to whom the Grantor's residue shall be transferred thereafter?

  • Indicate the full name of an alternative beneficiary:

Miscellaneous

  • The Trustee shall provide accounting reports to Grantor's beneficiaries at least:

    !

    In a living trust, the trustee has a fiduciary duty to keep beneficiaries informed about the trust’s administration. This generally includes providing accurate and timely accounting information about:

    – existing assets and liabilities;
    – income and expenses;
    – distributions to beneficiaries;
    – investments and financial transactions etc.

  • At what intervals shall the Grantor receive distributions from the trust during their lifetime?

  • Does the Grantor wish to give a specific gift to a certain person after the Grantor's death?

  • Specify the gifts to be distributed and the full names of the beneficiaries who will receive them:

  • Do you want to add a signature?

  • Grantor's Signature:

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