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Commonly Asked Questions about Trustee Real Estate Forms

Know how to sign as trustee Sign all checks and other documents relating to the trusts money or property to show that you are Roses trustee. For example, you might sign John Doe, as trustee for the Rose Roe Living Trust. Never just sign Rose Roe. Help for trustees under a revocable living trust consumerfinance.gov documents cfpbna consumerfinance.gov documents cfpbna
A good Trustee should be someone who is honest and trustworthy, because they will have a lot of power under your trust document. The person you choose to act as a Trustee should also be financially responsible, because they will be handling the investments for the benefit of your beneficiaries.
The state has not adopted the Uniform Probate Code, so having a living trust could be very useful for your heirs after youve died, as it will allow them to avoid a potentially lengthy and costly probate process. You can create your living trust yourself, but, like any estate planning activity, it can get tricky.
In many cases, the ideal combination is to name a professional and a family member or trusted friend who can work side-by-side as co-trustees.
The most important piece of trust documentation will be the trust deed. This agreement is, essentially, what creates the trust. Outlined within the trust deed will be key pieces of information like what properties or assets will be held within the trust and who the beneficiaries are.