- 1). Choose a trustee. A trustee is the person you want to handle your trust once you pass away. The trustee is not responsible for making changes to the trust but is responsible for making sure that the living trust is provided to the children and carried out according to your instructions. The most common kind of trustee is an attorney.
- 2). Choose an estate attorney or obtain a referral from your banker, attorney or financial adviser. If you do not already know an estate or trust attorney, talk with people with whom you have financial relationships to obtain a referral. A trust attorney can provide you with the documents you need to complete and provide you with advice on how to establish the living trust according to your wishes.
- 3). Fund the trust by transferring cash and other assets that you want held in the trust. Remember, you still have access to the living trust assets while you're alive, but any assets in the living trust will pass on to the child for whom you set up the trust.
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