Frequently Asked Questions
Who is the grantor?A grantor or trustor is the person or persons who provide the property and create the trust.When might I want to create a Living Trust with another person?Individual Living Trusts are usually appropriate for most people.
However, you may want to create a Living Trust with your spouse if you live in a community property state, such as Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, or Wisconsin.
You may also want to create a Living Trust with your spouse if you've opted in to a community property system in Alaska or Puerto Rico.
In community property states, most property acquired during the marriage (except for gifts and inheritances) is considered community property and is owned jointly by both spouses. Community property retains its community character when a couple moves to a non-community property state and is divided equally upon divorce, annulment, or death. As most property owned by the spouses is owned jointly, placing that property into a joint trust maintains joint ownership and control of the property.