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At Freedom One Mobile Notary & Financial Services, we guide you through every step of the planning process, helping you create a comprehensive plan that protects you and the people you love most. Whether you're preparing essential legal documents, organizing your financial affairs, or planning for the future, our experienced team is committed to providing personalized, professional, and confidential service. We make the process simple, convenient, and stress-free, giving you the confidence and peace of mind that your wishes will be honored and your loved ones will be protected for years to come.
This checklist provides a strong foundation for creating a thorough and personalized, revocable living trust, while ensuring your wishes are clearly documented and your assets are protected.
1. Declaration of Trust
1. Declaration of Trust
Name of the Trust
Date of the Trust
Trust-maker(s) (Grantor/Settler)
Purpose of the Trust
Revocable nature of the Trust
2. Appointment of Trustees
2. Appointment of Trustees
Initial Trustee
Co-Trustee (if applicable)
Successor Trustee(s)
Trustee powers and responsibilities
Trustee compensation (if any)
3. Beneficiaries
3. Beneficiaries
Primary beneficiaries
Contingent beneficiaries
Special beneficiaries (if applicable)
Charitable beneficiaries (optional)
4. Distribution of Assets
4. Distribution of Assets
Distribution upon death
Specific gifts and bequests
Equal or percentage distributions
Distribution timelines
Conditions for inheritance
5. Trust Property (Funding the Trust)
5. Trust Property (Funding the Trust)
Real estate
Bank accounts
Investment accounts
Business interests
Personal property
Intellectual property
Valuable collections
Other titled assets
6. Incapacity Planning
6. Incapacity Planning
Determination of incapacity
Trustee authority during incapacity
Management of finances
Payment of bills
Care of assets until recovery or death
7. Management of Minor Children's Inheritance
7. Management of Minor Children's Inheritance
Age-based distributions
Educational expenses
Health care expenses
Living expenses
Staggered inheritance schedule
8. Special Needs Planning (if applicable)
8. Special Needs Planning (if applicable)
Supplemental needs provisions
Preservation of government benefits
9. Family Protection Provisions
9. Family Protection Provisions
Protection from creditors
Divorce protection
Spendthrift provisions
Asset preservation
10. Trustee Powers
10. Trustee Powers
Buy or sell property
Invest trust assets
Open and close accounts
Pay taxes
Hire professionals
Operate businesses
Borrow or lend money
Settle claims
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11. Debts and Expenses
11. Debts and Expenses
Payment of final expenses
Funeral expenses
Outstanding debts
Taxes
Administrative costs
12. Tax Provisions
12. Tax Provisions
Estate taxes
Income taxes
Allocation of tax liability
Tax elections
13. Real Estate Provisions
13. Real Estate Provisions
Primary residence
Rental property
Vacation homes
Sale or transfer instructions
14. Business Succession (if applicable)
14. Business Succession (if applicable)
Ownership transfer
Voting rights
Management succession
Buy-sell agreements
15. Digital Assets
15. Digital Assets
Online banking
Social media accounts
Cryptocurrency
Cloud storage
Email accounts
Digital photos and documents
16. Personal Property Memorandum
16. Personal Property Memorandum
Jewelry
Artwork
Family heirlooms
Vehicles
Firearms (where legally applicable)
Household items
17. Pet Care Provisions
17. Pet Care Provisions
Caregiver designation
Financial support
Veterinary care instructions
18. Amendment and Revocation
18. Amendment and Revocation
How the Trust may be amended
Revocation procedures
Restatement provisions
19. Successor Trustee Administration
19. Successor Trustee Administration
Duties after death
Notification requirements
Inventory of assets
Recordkeeping
Accounting to beneficiaries
20. Miscellaneous Administrative Provisions
20. Miscellaneous Administrative Provisions
Governing state law
Trustee liability protections
Resignation procedures
Removal of trustee
Dispute resolution
Severability clause
Information Clients Should Gather Before Their Appointment
Information Clients Should Gather Before Their Appointment
To make the planning process efficient, clients are often asked to prepare:
Full legal names of all family members
Addresses and contact information
List of beneficiaries
Successor Trustee choices
Guardians for minor children
Real estate information
Bank and investment accounts
Retirement accounts
Life insurance policies
Business ownership information
Vehicle information
Outstanding debts
Digital asset inventory
Specific gift instructions
Funeral or burial preferences (optional)
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