Living Trust Legal Glossary


Welcome to the Living Trust Express Legal Glossary page! You can find more information relating to the terms used on this site and in general when it comes to taking care of your Living Trust needs.

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  1. Declaration of Trust (i.e., Living Trust) – Lets your family inherit your house, cars and life savings without going through probate court (government involvement)
  2. Certification of Trust – A shorter version of your Living Trust, primarily used to transfer property into your trust document
  3. Pour Over Will(s)
    • States that all property at the time of death shall be transferred to the Trustee of the trust. Example, an inadvertent failure to transfer real property to the Trust
    • Leave property
    • Name guardian to care for children
    • Name Executor (personal representative) and an alternate Executor
    • Forgive debts to others
  4. Power of Attorney for Financial Management:
    • If you are elderly or in poor health, you may be concerned about who will handle your day-to-day financial matters
    • A durable power of attorney gives a person you choose legal authority to manage your property on your behalf if you become incapacitated
  5. Power of Attorney for Healthcare:
    • If you are concerned about the kinds of medical treatment you may receive at the end of your life.
    • Other issues concerning your natural death
    • Consider appointing someone to carry out your wishes HIPAA
    • Authorize use or disclosure of protected health information
  6. Amendment and Restatement of Declaration of Trust – Type of document created to completely amend and restate an existing trust document.
  7. Will for a Single – A legal document that communicates a person’s final wishes, as pertaining to possessions and dependents. Also, name a guardian for minor child(ren).
  8. Wills for a Couple – A legal document that communicates a person’s final wishes, as pertaining to possessions and dependents. Also, name a guardian for minor child(ren).
  9. Amendment of Declaration of Trust – An addition or supplement that explains, modifies, or revokes a Declaration of Trust or part of one.
  10. Codicil of a Will – An addition or supplement that explains, modifies, or revokes a will or part of one.
  11. Trust Transfer Deed – Convey or transfer (property or rights) into or out of a Living Trust.
  12. Grant Deed – Convey or transfer (property or rights) with guarantee of title.
  13. Quitclaim Deed – Convey or transfer (property or rights) without guarantee of title.