Download As Word Legal Georgia Living Trusts Forms For Free

Choose a successor trustee. Designate precisely who will be the trust's beneficiaries and what they may receive. Create the actual trust document with the help of your lawyer. Approve and Sign the document, and get it notarized.

The most common reason for getting a living trust in Georgia is to make life easier for your family when you die by allowing them to avoid probate court. Probate court is a lengthy process that most estates have to go through, and it can at times be costly, time-consuming and an invasion of privacy.

How do I transfer my property into a trust in Georgia? Step 1: Create a Trust Document. The first step in transferring your property into a trust is to create a trust document. ... Step 2: Transfer the Assets. ... Step 3: Notify Creditors and Beneficiaries. ... Step 4: File the Trust with the Court.

Trust agreement. The legal document that sets up a trust. It is sometimes called a Declaration of Trust; however, the title on the document may simply read "The Jones Family Trust," or something similar.

An express trust in Georgia must be evidenced by a writing signed by the settlor or someone acting under power of attorney with the settlor's express consent. The settlor of a Georgia trust must have legal capacity to create the trust. For living trusts, that means having capacity to transfer title to property.

When you create a living trust in Georgia, you place yourself completely in control of your assets during your life and after your death. While you are alive, you manage and control everything in the trust and you are also able to control your assets after your death.