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Living Trust for Husband and Wife with No Children Virginia Form

Living Trust for Husband and Wife with No Children Virginia Form

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[Music] If you and your spouse have  a joint Revocable Living Trust,   you may wonder how does this work? What happens  when the first spouse dies? So let's say you went   to an attorney and they explained: here you and  your spouse, you have a Revocable Living Trust.   You're both the grantors and the creators  of the Trust. You're both the Trustees   of the Trust. You're both the Beneficiaries of the  Trust and the Trust is intended to avoid Probate   on the first spouse's death and on the second  spouse's death, so you're feeling really good   about the fact that you have this Trust in place.  Next, step what happens when the first spouse   dies? I encourage you to reach out to your  Estate Planning lawyer that drafted it and say   what am I supposed to do now? Because there  are steps required to administer the Trust   on the first spouse's death and a lot of times  people don't do t

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