SELF-HELP LEGAL KITS
The Divorce Store®LIVING TRUST KIT
The Complete Living Trust Kit
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| INTRODUCTION PREFACE |
1-2 3-4 | |
| Chapter One Chapter Two |
THE LIVING TRUST THE FUNDAMENTALS OF A TRUST A) The legal Definition of a Trust B) The Fundamental Terms of a Trust C) The Fundamental elements of a Trust D) An Additional Element of aTrust |
5 7-8 7 7 8 8 |
| Chapter Three | WHAT THIS KIT
PROVIDES 1. Notice Of Trust (Form AT-300) 2. Last Will And Testament (Form AT-400) 3. Disclaimer By Spouse (Form AT-500) 4. Amendment To Trust Enlarging Powers of Trustee (Form AT-600) 5. Amendment To Trust Limiting Distribution Of Assets To A Beneficiary (Form AT-601) 6. Contingent Beneficiary Designation of Inter Vivos Trust (Form AT-605) 7. Affidavit of Successor Trustee's Authority To Administer Trust (Form AT-700) 8. Medical Certification (Form AT-701) 9. Affidavit Terminating Successor Trustee's Authority To Administer Trust (Form AT-702) 10. Recording Log OVERVIEW |
9-10 9 9 9 9 9 9 10 10 10 10 10 |
| Chapter Four Chapter Five |
WHAT THIS KIT REQUIRES GENERAL INFORMATION APPLICABLE TO TRUST 1. Alien Spouse 2. Community Property Laws 3. Curtesy Laws 4. Dower Laws 5. Due On Sale Clauses 6. Estate Taxes 7. Multiple Trust 8. Notary Acknowledgments & Witness Declaration 9. Real Property Rights 10. Uniform Probate Code 11. Witness Requirements For a Last Will |
11-12 13-16 13 13 13-14 14 14 14 14-15 15 15 15 15-16 |
| Chapter Six | DESCRIPTION OF TRUST FORMS AND INSTRUMENTS 1. DECLARATION OF TRUST FORMS a. FORM AT-101-1, Page 1, Declaration Of Trust (Equal Distribution of Property) b. FORM AT-101-2, Page 1, Declaration Of Trust (Percentage Distribution of Property) c. FORM AT-101-3, Page 1, Declaration Of Trust (Specific Property to Certain Beneficiaries) d. FORM AT-102-1, Page 2, Declaration Of Trust (Trust Property, General Listing) e. FORM AT-102-2, Page 2, Declaration of Trust (Trust Property, Numerical Listing of Property) f. FORM AT-103, Page 3, Declaration Of Trust (Trust Clauses 3 through 8) g. FORM AT-104, Page 4, Declaration Of Trust (Trust Clauses 9 through 14) h. FORM AT-105, Page 5, Declaration Of Trust (Trust Clauses 15 through 20) 2. TRUST OPERATIONAL DOCUMENTS, FORMS AND INSTRUMENTS a. FORM AT-200a-b, Deed Of Realty Creating Trust b. FORM AT-201a-b, Quit Claim Deed Creating Trust c. FORM AT-202a-b, Financial Account Transfer Creating Trust d. FORM AT-203, Securities Transfer Creating Trust e. FORM AT-204a-b, Assignment Of Secured Realty Interest Creating Trust f. FORM AT-205a-b, Chattel Transfer Creating Trust g. FORM AT-206a-b, Assignment Of Contract Creating Trust h. FORM AT-207a-b, Business Interest Transfer To Trust i. FORM AT-208a-b, Deed of Mineral Rights To Trust j. FORM AT-209a-b, Vendor Deed To Trust k. FORM AT-300, Notice Of Trust l. FORM AT-400a-b-c, Last Will And Testament m. FORM AT-500a-b, Disclaimer By Spouse n. FORM AT-600a-b, Amendment To Trust Enlarging Powers of Trustee(s) o. FORM AT-601a-b, Amendment To Trust Limiting Distribution Of Assets To a Beneficiary p. FORM AT-605a-b, Contingent Beneficiary Designation of Inter Vivos Trust q. FORM AT-700a-b, Affidavit of Successor Trustee's Authority To Administer Trust r. FORM AT-701a-b, Medical Certification s. FORM AT-702a-b, Affidavit Terminating Successor Trustee's Authority To Administer Trust t. FORM AT-900, Recording Log |
17-22 17-19 17 17 17-18 18 18 17-18 18-19 19 19-21 19 20 20 20 20 20 20 20 20 20 21 21 21 21 21 21 21 21 21 21-22 |
| Chapter Seven | ESTABLISHING AND MAINTAINING THE LIVING
TRUST STEP ONE. The Selection Of The Trust Forms And Instruments 1. The Declaration Of Trust Forms 2. The Property Transfer Forms And Instruments 3. Other Optional Or Required Forms OVERVIEW STEP TWO. The Preparation Of The Forms And Instruments 1. THE DECLARATION OF TRUST FORMS a. The Trust Name and Number b. The Trust Execution Date c. The Spelling Of Names d. The Beneficiaries e. The Beneficiaries heirship Provisions f. The Trust Property, Page2 g. The Successor Trustee's Order of Authority, Page 3 h. The Successor Trustee Bond Requirement, Page 5 i. Applicability Of State Laws (Clause 17) j. Signature And Acknowledgment Requirements 2. THE PROPERTY TRANSFER INSTRUMENTS a. FORM AT-200a-b-c, Deed Of Realty To Trust b. FORM AT-201a-b, Quit Claim Deed To Trust c. FORM AT-202a-b, Financial Account Transfer To Trust d. FORM AT-203, Securities Transfer To Trust e. FORM AT-204a-b, Assignment Of Secured Realty Interest To Trust f. FORM AT-205a-b, Chattel Transfer To Trust g. FORM AT-206a-b, Assignment Of Contract To Trust h. FORM AT-207a-b, Business Interest Transfer To Trust i. FORM AT-208a-b, Deed of Mineral Rights To Trust j. FORM AT-206a-b, Vendor Deed To Trust 3. OTHER OPTIONAL OR REQUIRED FORMS a. FORM AT-300, Notice Of Trust b. FORM AT-400a-b, Last Will And Testament c. FORM AT-500a-b, Disclaimer By Spouse d. FORM AT-601a-b, Amendment To Trust Limiting Distribution e. FORM AT-605a-b, Contingent Beneficiary Designation of Inter Vivos Trust OVERVIEW STEP THREE. The Filing, Noticing Or Recording Of The Forms And Instruments A. A Real Property Title Or Real Property Interest Of Any Type B. A Chattel Or Personal Property Interest C. A Bank Account Interest 1) By Closing The Account 2) By Transferring The Account D. A Brokerage Account Interest 1) All Securities 2) All Cash 3) Securities And Cash E. Securities Personally Held F. A Non-Realty Contract Interest G. A Business Interest 1) Sole Proprietorship 2) Partnership 3) Limited Liability Company H. Notice Of Trust I. Last Will And Testament OVERVIEW |
23-31 23-25 23-24 24 24-25 25 25-28 25-27 25 25 25 26 26 26 26 26 26-27 27 27-28 27 27 27 27 27 27 27 27-28 28 28 28 28 28 28 28 28 29-30 28-31 29 29 29 29 29 29-30 29 30 30 30 30 30-31 31 31 31 31 31 31 |
| Chapter Eight | POST TRUST
ACTIONS A. The Disability of Death of Trustor(s) 1. Disability of Trustor 2. Recovery From Disability 3. Death of Trustor B. Post Trust Property Transfers C. Revocation of Trust D. Post Trust Amendments E. Post Trust Forms Cost CONCLUSION |
33-34 33 33 33 33 33-34 34 34 34 34 |
| Appendix A (Specimen Forms) (Blue
Pages) Index To Appendix A Specimen Forms Appendix B (Removable Trust Forms And Instruments) |
35 36 37-83 85 | |
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