If you wish for any life insurance or annuities to be payable upon your death to the Trust, consult with your financial and tax advisors as to the consequences of such choice. If, after discussion with your advisors, a change of beneficiary is deemed appropriate, request and complete a “Change of Beneficiary Designation” or equivalent form naming the trust (see example below) as the beneficiary. Return the form to the appropriate party.
Example: "John Sample as Trustee (or his successor(s) in trust), of the John Sample Revocable Living Trust dated ______________, 20___."
***Many of these transfers can be done by you without legal assistance. However, you are encouraged to seek additional professional advice when changing title to your assets to make sure that tax issues, title issues, insurance issues, and state law issues are addressed. These instructions are to be used for general reference only and are not meant to take the place of directed legal advice. Any additional assets you acquire, yet wish to avoid probate, should be titled in the name of the Trust, provided that the Trust, as drafted, ultimately distributes the assets at your death as you desire. You should keep a schedule of assets contributed to the trust, adjusted from time to time for sales, purchases, or other changes, so that not only the current, but any future or successor Trustee, will know what assets are owned by the Trust at any given time.