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How to use or fill out Living Trust for Husband and Wife with Minor and or Adult Children - Minnesota
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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 start of your trust.
In Article I, specify the name of your trust. This will be how you refer to it in all future documents.
Proceed to Article II, where you will identify the Trustors (you and your spouse) and list your children as beneficiaries. Ensure all names are spelled correctly.
In Article III, appoint a Trustee. You can designate yourselves or another trusted individual. Include a Successor Trustee in case you cannot serve.
Article IV requires you to list all assets that will be included in the trust. Attach an Exhibit A if necessary.
Review Articles V through XII for additional provisions regarding trustee powers, administration, and distributions after death. Fill these sections according to your preferences.
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