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How to use or fill out Living Trust for Husband and Wife with One Child - Oregon
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Click ‘Get Form’ to open it in the editor.
Begin by entering the date at the top of the document where indicated. This establishes when the trust is created.
In Article I, provide a name for your trust. This can be something meaningful to you, such as 'The Smith Family Revocable Living Trust'.
In Article II, fill in the names of both Trustors (husband and wife) along with their address. Also, include the name of your child as the beneficiary.
Proceed to Article III to appoint a Trustee. Typically, one of the Trustors serves as Trustee, but you may also designate a Successor Trustee.
In Article IV, list all assets that will be included in the trust on Schedule A. This could include real estate, bank accounts, or personal property.
Review Articles V through XII carefully to understand trustee powers and administration rules. Make any necessary adjustments based on your preferences.
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Holds assets at the first death of a husband and wife; assets sheltered from taxation by the unified credit. Income to surviving spouse during his/her lifetime.Read more
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(1) If there are one or more surviving descendants of the decedent all of whom are descendants of the surviving spouse also, the entire net intestate estate. (2)Read more
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