Living Trust for Husband and Wife with Minor and or Adult Children - Georgia 2026

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The document is a Revocable Living Trust Agreement created in Georgia, outlining the terms under which the Trustor (a married couple) establishes a trust for their benefit and that of their children. It details the appointment of trustees, management of trust assets, powers granted to the trustee, and provisions for distributions during the lifetime of the Trustors and after their death. The agreement includes clauses on incapacity, rights to amend or revoke the trust, and guidelines for handling taxes and debts related to the Trustor's estate.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the date at the top of the document. This is crucial as it marks the official start of your trust.
In Article I, specify the name of your trust. This should reflect your family’s identity, such as 'The [Your Family Name] Revocable Living Trust'.
Proceed to Article II to identify the Trustors. Fill in both names, addresses, and details about your children. Ensure accuracy as this section establishes who is involved.
In Article III, appoint a Trustee. You can designate yourself or another trusted individual. If applicable, include a Successor Trustee for continuity.
Article IV requires you to list all assets included in the trust. Attach an Exhibit A if necessary for detailed descriptions.
Review Articles V through XII carefully, ensuring all powers and provisions align with your intentions for asset management and distribution.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the downside of a living trust?

For the most part, you are unable to completely avoid paying taxes on living trusts. The trust remains part of the grantors taxable estate, and any income earned by trust assets is taxed to the grantor. Potential for legal disputes.

Does a living trust automatically become irrevocable upon death?

The trust becomes irrevocable upon the death of the decedent-grantor, or. The trust was created by will, and the trustee is required to distribute all the net assets in trust or free of trust to both charitable and noncharitable beneficiaries.

How to do a living trust in Georgia?

How to set up a living trust in Georgia in 7 steps Choose between an individual or joint trust. Decide what property to include in the trust. Choose a trustee. Decide who will be the trusts beneficiaries. Create the living trust document. Sign the trust document. Transfer property to the trust.

What happens to marital trust when a spouse dies after?

The surviving spouse must be the sole beneficiary of a marital trust. Once the surviving spouse dies, the assets in the trust typically pass to surviving children. A marital trust also involves the principal, which are assets initially put into the trust.

How to make a living trust without a lawyer in Georgia?

Steps to Create a Trust Without an Attorney in Georgia Determine the type of trust you need. Choose your trustee. Identify your beneficiaries. List the property youll place in the trust. Write the trust document. Sign and docHub the document. Fund the trust by transferring assets.

how much does a living trust cost in georgia

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What happens to a living trust when a spouse dies?

If a couple creates a revocable living trust together and one spouse passes away, the surviving spouse continues acting as the trustee during their lifetime. The surviving spouse still has the same power they had before their spouses death to amend the trust or revoke the trust.

Do you need a living trust in GA?

Creating a revocable living trust for your home is one of the most effective strategies to avoid probate in Georgia. This simple legal arrangement ensures your property transfers smoothly to your loved ones without court intervention, saving them time, money, and stress during an already difficult period.