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A trust can be fairly easy to set up, so a lawyer is not always necessary. However, a person with a large or complex estate or a unique situation may want to consult with an estate planning attorney for help with setting up a trust.

How long does a trustee have to notify beneficiaries? States vary, but the deadline is commonly within 30 or 60 days of the settlor's death.

How Do I Make a Living Trust in California?Choose whether to make an individual or shared trust.Decide what property to include in the trust.Choose a successor trustee.Decide who will be the trust's beneficiariesthat is, who will get the trust property.Create the trust document.More items...

Make a List of All Your Assets. Be sure to include make a list of your assets that includes everything you own. Find the Paperwork for Your Assets. Choose Beneficiaries. Choose a Successor Trustee. Choose a Guardian for Your Minor Children.

A living trust is a legal entity that owns property you transfer into it during your lifetime.A living trust is created with a trust document or instrument. You may be able to create this yourself, but it makes sense to work with an attorney to create your trust in some situations.

A living trust becomes valid only after the grantor funds the trust by transferring assets into it. The specific process for moving assets into the trust depends on the type of property involvedchanging title for real estate or assigning ownership rights of intellectual property, for instance.

Here are the essentials, in most states:Explain that the trust exists.Provide your name and contact information.Tell beneficiaries that they have the right to see a copy of the trust document and that you will send them one if they request it.Give the deadline for court challenges.More items...