Trusts can provide you with many benefits, and trusts are one of the most important legal tools in estate planning. Learn more about creating a trust in this presentation.

1. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
HOW TO PREPARE FOR CREATING
A TRUST

2. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
WHAT IS A TRUST?

3. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
A trust is a type of legal tool.

4. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
A trust is created using a trust
document.

5. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
The trust separates possession of
property and ownership of
property.

6. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
SHOULD YOU CREATE A
TRUST?

7. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
Trusts can provide you with
many benefits, and trusts are one
of the most important legal tools in
estate planning.

8. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
You will need to make smart choices
regarding whether you should
create a trust or not.

9. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
An attorney can help you to decide
whether a trust will work to
accomplish your desired plans and
goals.

10. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
PREPARING TO CREATE A
TRUST

11. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
If you are thinking about creating a
trust, there are a few steps you
should take to prepare before you
actually go forward with the
creation of a trust document.

12. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
Some of these steps include the
following:

13. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
DECIDE WHAT KIND OF
TRUST YOU WANT

14. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
There are different kinds of trusts.

15. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
The first and most important step to
take is to consider pros, cons, and
purposes of each trust type so you
can assess which kind of trust
actually makes sense for you to use.

16. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
LIST THE ASSETS YOU HOPE
TO PUT IN THE TRUST

17. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
You need to list the property you are
hoping to transfer into the trust.

18. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
It is not always possible for assets to
be transferred to a trust without
creating serious consequences.

19. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
DECIDE WHO TO NAME AS
TRUSTEE

20. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
When you create a trust, you could
serve as trustee under certain
circumstances (depending upon
trust type).

21. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
You are either going to need to
name a backup trustee (if you are
the primary) or name a primary
trustee to manage trust assets.

22. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
DECIDE WHO THE
BENEFICIARIES WILL BE

23. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
You also need to determine who you
are going to name as the beneficiary
of the trust.

24. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
The beneficiary or beneficiaries are
the people who the trust is created
to provide for.

25. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
The choice of beneficiary can
sometimes dictate which kind of
trust is right for you.

26. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
For example, when leaving money
to someone with a disability, you
may need to use a special needs
trust.

27. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
CONTACT AN ATTORNEY TO
CREATE YOUR TRUST

28. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
The best way to prepare for trust
creation is to get an experienced
attorney to help you prepare.

29. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
Your lawyer can take care of
everything associated with trust
creation for you.

30. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
LEARN MORE ABOUT CREATING A
TRUST, NEW YORK

31. 196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
Click to visit mrobinsonlaw.com.
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