Notice of Assignment to Living Trust. 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 serves as notice that the
trustor(s) of the revocable trust transferred and assigned his or her or their rights, title and interest in and to certain described property to the trust.
Living trust forms at Staples are legal documents that help individuals establish a living trust, which is a popular estate planning tool. A living trust allows individuals to transfer their assets into a trust during their lifetime, ultimately avoiding probate and ensuring their assets are managed according to their wishes upon their death. Staple offers a variety of living trust forms to cater to different needs and preferences. These include: 1. Revocable Living Trust Forms: These forms enable individuals to create a revocable living trust, which can be modified or revoked at any time during their lifetime. This flexibility is beneficial for those who anticipate changes in their estate plans or wish to retain control over their assets. 2. Irrevocable Living Trust Forms: Staples also provides forms for establishing irrevocable living trusts, which cannot be altered or revoked once executed. Irrevocable trusts are often utilized for specific estate planning purposes like minimizing estate taxes or protecting assets from creditors. 3. Single Living Trust Forms: These forms cater to individuals who wish to establish a living trust for their individual assets, typically those who are unmarried or want to keep their assets separate from their spouse or partner. 4. Joint Living Trust Forms: Staples offers forms specifically designed for couples who wish to create a joint living trust, allowing them to combine their assets into a single trust while still maintaining control and avoiding probate. 5. Testamentary Trust Forms: In addition to living trusts, Staples also provides testamentary trust forms. Testamentary trusts are established through a last will and testament and come into effect after an individual's death. They allow individuals to specify how their assets will be distributed and managed for the benefit of beneficiaries, such as minor children or individuals with special needs. By offering a range of living trust forms, Staples ensures that individuals can find the appropriate legal documents to meet their unique estate planning needs. Whether it's establishing a revocable or irrevocable living trust, creating an individual or joint trust, or considering a testamentary trust, Staples has the relevant living trust forms readily available to help individuals protect their assets and ensure a smooth transfer of wealth to their beneficiaries.
