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How do I set up a trust?

Create the trust document. Make sure it has all the required signatures/notarizations for your state. You can do this by working with an attorney or using an online service. If you have multiple beneficiaries, be clear about who gets the house. Get copies. Give your trustee a copy of the most up-to-date version of your trust. Fund the trust.

How do I create a real estate trust?

Whichever type of trust you choose, creating a real estate trust is best done with the help of an attorney. Here’s a breakdown of the basic steps involved: Choose a trustee (yourself or another individual, such as a trusted relative, friend or attorney). Decide on the terms of the trust, and create and sign a trust agreement.

Should I create a trust?

You may need to create a trust if you hope to protect assets from creditor claims, avoid estate taxes or facilitate the transfer of assets outside of probate. An estate planning attorney can help you to determine if this is the appropriate legal tool for you to use to protect or transfer your wealth.

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