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.
Seattle Washington Notice of Assignment to Living Trust
Category:
State:
Washington
City:
Seattle
Control #:
WA-E0178F
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Living Trusts. In Washington, because such property is not subject to probate, it need not be disclosed in the court record and confidentiality may be maintained.
To transfer ownership, you will need to obtain a title change form from your DMV and complete it, naming the trustee (as trustee of your trust) as new owner. Sales tax should not apply to the transfer and if the clerk tries to apply it, you will need to speak to a supervisor.
General information about charitable trusts can be obtained by calling the Charities Program at 1-800-332-4483 (toll free within Washington State.) Local or out-of-state callers may contact the Trust Program at (360) 725-0378.
An IT77TR form (Application for registration as a Taxpayer or Changing of Registered Particulars: Trust) must be completed for each trust. Trustees are required to present themselves to SARS in person in order to register the trust for Income Tax.
A Washington living trust holds your assets in trust while you continue to use and control them. After your death, the trust passes assets to your beneficiaries according to your instructions. A revocable living trust can provide flexibility and control.
To create a living trust in Washington, prepare a written trust document and sign it before a notary public. To finalize the trust and make it effective, you must transfer ownership of your assets into it.
They are more costly and take more time to get set up correctly. Trusts don't become public record, so you can maintain privacy about how your estate was split.
The trustee must register the trust by filing with the clerk of the court in any county where venue lies for the trust under RCW 11.96A.