living will and trust forms

the illinois revocable living trust is an entity into which a person places their assets to save the inheritors the long and costly probate process in illinois. although this type of living trust does not diminish estate taxes or help protect the grantor’s assets from creditors, it will allow a person’s estate to be handled in a private manner and can avoid probate in illinois as well as any other state in which a person owns property. certification of trust (760 ilcs 5/8.5) – use instead of handing out a copy of the trust to persons that are not beneficiaries. step 4 – any personal property shall be bequeathed to the individuals mentioned in section b of article 4. select either “the beneficiaries” or the second checkbox to establish an inheritor.

living trust forms pdf

the california revocable living trust is a document that allows a grantor to specify how their assets and property should be managed during their lifetime and after their death. regardless of the type of trust created, all items in the trust are not subject to probate and will be transferred to the beneficiaries immediately after the grantor’s death. step 3 – in article 4, section a (continued on page three (3)), name the individual(s) or organization(s) chosen by the grantor to benefit from specific assets (describe the assets). step 5 – in the first two entry fields available in article 4, section c, provide the name and address of the pet caretaker; the pet caretaker will possess rights to the grantor’s pet(s) upon death or incompetency of the grantor. step 6 – in article 4, section c, part (ii), specify whether or not there is to be funding given to the pet caretaker for the purpose or providing adequate care for the grantor’s pet(s). step 7 – in article 4, section c, part (iii), use the first entry field to enter the name of the person with authorization to request an accounting for the funds provided to the pet caretaker.