Basic Components of a Living Trust

The high-level structure of a living trust usually consists of the most important points of the declaration of trust in a logical order. Often roman numerals are used for the high-level headings. The basic components of a living trust, that are described in the following chapter, are:
  • The Trust Name
  • The Trust Property
  • Powers of the Grantor
  • Trustees
  • Beneficiaries
  • Distribution of Trust Property
  • Trustee’s Power and Duties
  • General Provisions
  • Certification by Grantor