THE RESOURCE LIBRARY
Read a little.
Ask a little more.
A considered collection of starting points, with room for your own questions.
CONSUMER FINANCIAL PROTECTION BUREAU
Understanding a revocable living trust
An introduction to its purpose, people and property.
CONSUMER FINANCIAL PROTECTION BUREAU
A guide for trustees
A public guide to managing property for someone else and keeping useful records.
INTERNAL REVENUE SERVICE
Trust terms and tax questions
Official definitions and explanations to support a conversation with a tax professional.
MAKE IT PERSONAL
Your conversation checklist
Keep your priorities and unanswered questions together.
TAKE THIS TO YOUR NEXT CONVERSATION
A few questions worth writing down.
- What do I want a plan to accomplish for my family?
- Who could make decisions if I could not?
- What responsibilities would a trustee accept?
- Which assets need attention, and how are they titled now?
- What can be changed later, and by whom?
- What tax, reporting and ongoing costs should I understand?
- When should the plan be reviewed again?
Bring a list of priorities and questions. Keep sensitive documents for your private conversation with your advisor.