Living Trusts Glossary

A living trust is a legal document that allows you to give property and control of your property to a trustee. It is a legal entity - a piece of paper - that is capable of owning property.

The trust must contain the following elements: expression of your intent to create a trust; naming of trust beneficiaries; description of the trust property; a valid trust purpose (e.g. to provide for the welfare of your children or grandchildren) and the transfer of property.

LegalZoom guides you by preparing the required documents to set up your living trust, including all of the required transfer deeds.