- 1). Work with an estate planning attorney or with a product that is designed to help you create a trust document on your own. If you do not want to hire an attorney, software programs and books are available to help you create the trust.
- 2). Create the trust document. In the document, you need to name the children as beneficiaries. You also must specify what property will be passed on to your kids when you die. Trusts also allow you to specify when a beneficiary will get the property that he is entitled to. In the document, you must name a trustee. The trustee is the individual who will oversee the property after you are gone and before it is transferred to the beneficiary.
- 3). Have the document notarized. This way, it will be difficult to dispute in court after you are gone. Some states have other requirements, such as requiring a certain number of witnesses to see you sign it.
- 4). Open a bank account in the name of the trust. Any bank should allow you to set up a checking or savings account in the name of the trust that you just created. Once you have the account open, fund it with the amount of money you wish to leave to the kids.
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