We use cookies to improve security, personalize the user experience, enhance our marketing activities (including cooperating with our marketing partners) and for other business use.
Click "here" to read our Cookie Policy. By clicking "Accept" you agree to the use of cookies. Read less
This is a Living Trust Property Inventory form. A living trust is a trust established during a person's lifetime in which a person's assets and property are placed within the trust, usually for the purpose of estate planning. This form allows the Trustee to record a Description of Property, Date Acquired by Trust, Value, Date Sold or Transferred so that all property held by the trust can be accounted for including the real, personal or intellectual property.
A living trust is a legal document that allows you to place your assets into a trust during your lifetime, and appoint a trustee to manage and distribute those assets according to your instructions.
Having a living trust in New Hampshire can help you avoid probate, maintain privacy, provide for the management of your assets in case of incapacity, and ensure a smooth transfer of your assets to your beneficiaries upon your death.
While a will goes into effect after your death, a living trust is effective immediately upon its creation. A trust allows you to manage your assets during your lifetime and can help you avoid probate, whereas a will requires probate court proceedings.
You can name yourself as the initial trustee of your living trust, allowing you to maintain full control over your assets. It is also common to name a successor trustee who will take over the management of the trust in case you become incapacitated or pass away.
Yes, you can typically make changes to your living trust at any time during your lifetime. This can include adding or removing assets, amending instructions, and changing beneficiaries or trustees. However, it's important to consult with an attorney to ensure the changes are executed properly.
It is recommended to include assets such as real estate, bank accounts, investments, and valuable personal property in your living trust. However, assets like retirement accounts and life insurance policies typically have designated beneficiaries and may not need to be included in the trust.
Yes, it is advisable to have a pour-over will in conjunction with your living trust. A pour-over will ensures that any assets not included in the trust at the time of your death will be transferred to the trust and distributed according to its terms.
The cost of creating a living trust in New Hampshire can vary depending on several factors, such as the complexity of your estate and the attorney you choose. It is recommended to consult with an attorney to understand the specific costs involved.
Yes, a living trust created in New Hampshire will generally be valid in other states. However, it's important to review your trust when moving to another state to ensure it complies with any specific requirements or laws of the new state.
Yes, you can act as both the trustee and beneficiary of your living trust while you are alive. This allows you to retain control over your assets and enjoy the benefits of the trust. You can also name alternate beneficiaries to receive the assets upon your death.
Trusted and secure by over 3 million people of the world’s leading companies