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Assignment to Living Trust Colorado Form

Assignment to Living Trust Colorado Form

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13 attend ninety-five percent of our clients do not have us do that they do the funding on their own and you would find that with the funding toolkit that we give you it's really a piece of cake so let's summarize this trust here it is John and Mary have created it and that answers the first question who creates this trust they do who owns it they do who designates the beneficiaries they do who designates the successor trustees they do then what's a successor trustee will keep in mind then when John and Mary build this trust they are the managers of everything in it and attached to it and we call the managers of a trust the trustee or trustees John and Mary would be co-trustees but if they die or get sick they better have somebody else in the wings written in to this trust saying who they want to be the successor trustees to run the show for them they have control over that choice not the court who pays income taxes on the property in this trust they do the trus

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