Living Trust for Individual, Who is Single, Divorced or Widow (or Widower) with Children - New Hampshire: Fill out & sign online

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What is the point of setting up a trust?

A trust allows you to be very specific about how, when and to whom your assets are distributed. On top of that, there are dozens of special-use trusts that could be established to meet various estate planning goals, such as charitable giving, tax reduction, and more.

How does a trust work in NH?

You choose a trustee who manages them during your lifetime for your benefit. It is most common to simply name yourself as the trustee. A successor trustee is put in place to take over after your death. After your death, your assets are distributed to the beneficiaries according to the provisions of the trust.

How much money should you have for a trust?

Heres a good rule of thumb: If you have a net worth of at least $100,000 and have a substantial amount of assets in real estate, or have very specific instructions on how and when you want your estate to be distributed among your heirs after you die, then a trust could be for you.

How do I set up a trust in New Hampshire?

To create a living trust in New Hampshire, you sign the trust document in front of a notary public. The trust is not in effect though until you actually transfer ownership of assets to its name.

Who benefits from the trust?

In a trust, assets are held and managed by one person or people (the trustee) to benefit another person or people (the beneficiary). The person providing the assets is called the settlor.

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