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How to use or fill out Living Trust for Husband and Wife with Minor and or Adult Children - Pennsylvania
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Click ‘Get Form’ to open it in the editor.
Begin by entering the name of the Trust at the top of the form. This should reflect your chosen title, such as 'THE [Your Chosen Name] REVOCABLE LIVING TRUST'.
In the Identification section, fill in the names of both Trustors (husband and wife) along with their address in Pennsylvania. Ensure all details are accurate.
List all living children under the Beneficiaries section. This is crucial for defining who will benefit from the trust.
Designate a Trustee by filling in their name. If applicable, also appoint a Successor Trustee to ensure continuity in management.
Detail any assets being transferred into the trust in Article IV. Attach an Exhibit A if necessary to list these assets comprehensively.
Review all sections carefully, ensuring that each field is completed accurately before saving your document.
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Estate and Trust Planning and Basic Death Tax Concepts
Trusts created for others as an estate planning tool, for instance for your spouse, younger children, adult children who cannot handle money, children who doRead more
The rates for Pennsylvania inheritance tax are as follows: 0 percent on transfers to a surviving spouse or to a parent from a child aged 21 or younger;; 4.5Read more
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