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The creator of the trust (your name if it's your trust). The person who creates the trust is called the "settlor." The trustee, the person in charge of managing the trust (again, this is your name if it's your trust).
The definition of a trust is an arrangement made that gives control or ownership of a property to someone for the benefit of another person. An example of trust is a bank account that a person gets access to when they turn 21. Custody; care.
The four main types are living, testamentary, revocable and irrevocable trusts. However, there are further subcategories with a range of terms and potential benefits.
Typically attached to an individual Revocable Living Trust is Schedule A that lists all the Trust assets. This provides a roadmap for the Successor Trustee to find the Trustor's assets held in the Trust and to begin administering the assets correctly.
To help you get started on understanding the options available, here's an overview the three primary classes of trusts. Revocable Trusts. Irrevocable Trusts. Testamentary Trusts.
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People also ask

Here's 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.

living trust schedule of assets form