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To make a living trust in the District of Columbia, you: Choose whether to make an individual or shared trust. Decide what property to include in the trust. Choose a successor trustee. Decide who will be the trusts beneficiariesthat is, who will get the trust property. Create the trust document.
A Washington, D.C. living trust holds your assets in trust during your life, but you continue to use and control them. After you die, the trust assets are distributed to your chosen beneficiaries. A revocable living trust (also called an inter vivos trust) offers a variety of estate planning benefits.
An attorney can only set up a trust or make larger gifts if they have authority from the Court of Protection.
If you would like to create a living trust in Washington, D.C., sign your written trust document before a notary public. To put the trust into effect, you must transfer ownership of your asset into it. A living trust offers control and flexibility that may suit your needs.
A trust can remain open for up to 21 years after the death of anyone living at the time the trust is created, but most trusts end when the trustor dies and the assets are distributed immediately.
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People also ask

A basic trust plan may run anywhere from $2,000 to $3,000 or more, depending on complexity. There are additional costs for making changes and administration costs after your death. Different types of trusts and trustees can require different fees for administration and wealth management.
To make a living trust in the District of Columbia, you: Choose whether to make an individual or shared trust. Decide what property to include in the trust. Choose a successor trustee. Decide who will be the trusts beneficiariesthat is, who will get the trust property. Create the trust document.
A living trust in Oregon allows you to have use and control of your assets while they remain in trust for your beneficiaries. A revocable living trust (sometimes known as an inter vivos trust) is a popular estate planning option with a variety of benefits. An Oregon living trust is established by the grantor.
Which state is best for your trust situs for your trust? According to independent rankings, the top states with the best trust laws are South Dakota trust law and Nevada in the US.
A Washington D.C. living trust is a legal document that can provide a number of advantages in the process of passing on assets after death.

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