the following sample revocable living trusts are designed to illustrate the structure and content of the various types of revocable living trusts in use today. simple declaration of trust 1:     this simple declaration of trust contains the type of provisions often found in a revocable living trust for a single person with adult children and a modest estate. to simple declaration of trust 1 . . simple trust agreement 1:     this simple trust agreement contains the type of provisions often found in a revocable living trust for a married person with young adult children and a modest estate. to simple trust agreement 1  .

a will is a document that directs the distribution of your assets after your death to your designated heirs and beneficiaries. in addition, trusts can be created to serve a variety of purposes, both before and after the death of the grantor. therefore it is critical to make a will or a trust in order to ensure the surviving partner is recognized and protected financially. in directing the disposition of your assets and expressing your intentions, a will provides your survivors’ guidance for handling your estate and lessens the possibility of disputes.

a living trust is an easy way to plan for the management and distribution of your assets, and you don’t need an attorney to do it. a living trust is a legal document that takes control of some of your assets during your lifetime. you choose a trustee who controls the trust and transfers the assets to the beneficiaries you choose. a living trust is often referred to as a revocable living trust, which is set up so that you can change your mind about the trust at any time, revoke it, or make alterations to it. you will need to choose a trustee who will be in charge of managing the trust assets and distributing them. it is also possible to choose a company, such as a bank or a trust company, to be your trustee. you’ll also need to choose your beneficiary or beneficiaries, the person or people who will receive the assets in your trust. once you decide who you want to be involved in your trust, you have to choose the assets that will go into the trust.