Erase In Legal Texas Living Trusts Forms For Free

A trust is a legal document that names a trustee who will be responsible for managing the assets held in the trust for the benefit of whomever you decide should receive them. To create a living trust in Texas, you must find a licensed attorney familiar with the laws of trusts in Texas.

Create the trust document. You can get help from an attorney or use Willmaker & Trust (see below). Sign the document in front of a notary public. Change the title of any trust property that has a title document?such as your house or car?to reflect that you now own the property as trustee of the trust.

The trust must have a Trustee who holds legal title of property for the benefit of the trust's beneficiaries. The trust must have ascertainable beneficiaries. If the Settlor does not name the beneficiaries with sufficient certainty, the trust will fail. The trust may not violate the Rule Against Perpetuities.

To make a living trust in Texas, you: Choose between establishing an individual or shared trust. Determine which assets will be included in the trust. Select a successor trustee. Determine the trust's beneficiaries or those who will receive the trust's assets. Create the trust document.

Texas law does not require a revocable trust instrument to be witnessed to be valid. Texas does not require a trust instrument to be notarized to be valid, but notarization is a best practice.

The dissolution document should be signed, dated, witnessed and notarized. If the trust being dissolved was registered with a specific court, the dissolution document should be filed with the same court. Otherwise, you can just attach it to your trust papers and store it with your will or new trust documents.