Trust With No

Virginia Living Trust for Husband and Wife with No Children
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Control #:
VA-E0174
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Description Virginia Husband Wife

This Living Trust form is a living trust prepared for your state. It is for a husband and wife with no children. 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. The trust then owns and manages the property held by the trust through a trustee for the benefit of named beneficiary, usually the creator of the trust (settlor). The settlor, trustee and beneficiary may all be the same person. In this way, a person may set up a trust with his or her own assets and maintain complete control and management of the assets by acting as his or her own trustee. Upon the death of the person who created the trust, the property of the trust does not go through probate proceedings, but rather passes according to provisions of the trust as set up by the creator of the trust.

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FAQ

How is next of kin determined?

Who inherits when there is no will in Virginia?

Who is considered next of kin in Virginia?

What happens in the state of Virginia if you die without a will?

Does a spouse automatically inherit everything in Virginia?

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What are the intestacy laws in Virginia?

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