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Living Trust for Husband and Wife with No Children - Pennsylvania

Living Trust for Husband and Wife with No Children - Pennsylvania 2025

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The document is a Revocable Living Trust Agreement established by a Trustor in Pennsylvania. It outlines the creation, management, and distribution of trust assets during the Trustor's lifetime and after their death. The Trustor retains rights to amend or revoke the trust, while the appointed Trustee is granted extensive powers to manage the trust assets for the benefit of designated beneficiaries. Provisions include asset management, trustee responsibilities, beneficiary rights, and guidelines for distributions upon the Trustor's death.

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How to use or fill out Living Trust for Husband and Wife with No Children - Pennsylvania

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Click ‘Get Form’ to open it in the editor.
In the 'Name of Trust' section, enter the desired name for your trust, such as 'The [Your Chosen Name] Revocable Living Trust'.
Fill in the 'Trustor and Beneficiaries' section with both Trustors' names, addresses, and confirm that you are a married couple without children.
Designate a Trustee by entering their name in the 'Trustee Appointment' section. If applicable, also provide names for Successor Trustees.
List all assets intended for inclusion in the trust under the 'Assets of Trust' section. Attach an Exhibit A if necessary.
Review sections regarding Trustee powers and administration to ensure they align with your intentions.
Once completed, save your document and utilize our platform's signing feature to finalize your trust agreement.

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

How does a living trust work in Pennsylvania?

While trusts avoid probate, they do not avoid Pennsylvania inheritance tax. With few exceptions, in Pennsylvania, any property that passes at death is subject to inheritance tax, no matter if it passes by will, trust or law.

How much does it cost to set up a living trust in Pennsylvania?

If shielding assets from creditors is a concern, separate trusts usually offer greater protection. With a joint trust, if a creditor obtains a judgment against one spouse, all trust assets may be at risk. A spouses trust is generally protected from the other spouses creditors.

Should married couples have separate living trusts?

A Pennsylvania living trust places your assets in a trust during your life and distributes them to your beneficiaries after your death. A revocable living trust offers flexibility and control, making it a popular option in Pennsylvania.

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