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Living Trust for Individual Who is Single, Divorced or Widow or Widower with Children - Texas

Living Trust for Individual Who is Single, Divorced or Widow or Widower with Children - Texas 2025

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The document is a Revocable Living Trust Agreement created under Texas law, outlining the terms and provisions for managing and distributing the Trustor's assets. It includes details on the appointment of trustees, identification of beneficiaries, powers granted to the trustee, management of trust property during the Trustor's lifetime and after death, and guidelines for distributions to beneficiaries. The agreement emphasizes confidentiality rights regarding personal information and provides mechanisms for amending or revoking the trust.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the date at the top of the form. This is crucial as it marks the official creation of your trust.
In Article I, specify the name of your trust. This should reflect your personal choice and can be customized.
Fill in your personal details in Article II, including your name and address, along with information about your children who will be beneficiaries.
Designate a Trustee in Article III. You can appoint yourself or another trusted individual as a Successor Trustee if needed.
List all assets you wish to include in the trust under Article IV. Ensure that you have an attached Exhibit 'A' detailing these assets.
Review Articles V through XII carefully to understand the powers granted to the Trustee and other provisions related to trust administration.
Once completed, save your document and utilize our platform's signing feature to finalize your trust securely.

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Got questions?

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

Can a trust protect assets from divorce in Texas?

Generally, assets placed in a trust before the marriage remain separate property. However, any contributions made to the trust during the marriage may be subject to scrutiny by the court.

What is the downside to a living trust in Texas?

Trusts and Community Property If a trust is funded with assets accumulated during the marriage, those assets are typically considered community property, even if the trust is in the name of one spouse. This means that the assets within the trust could be divided between both spouses in a divorce.

Can my wife take my house if its in a trust in Texas?

If youre single, the two most important reasons for establishing a living trust is that it helps your beneficiaries to avoid the costs and hassles of probate and will keep your assets out of court-supervised guardianship.

Does putting your house in a trust protect it from divorce?

Trusts established before the marriage are typically classified as separate property, while trusts created during the marriage are likely to be deemed marital property, subject to equal division.