Most trusts are named after the trust creators and also include the date the trust was created. You can name a trust however you want, and the name can be long, short, simple, or complicated. When choosing a name, please note that the name will appear on the title of any assets held in the trust. This consideration may inspire some to keep the name on the short side.
How does a power of attorney change when someone turns 18? Biddle Law1900 South Norfolk Street Suite 350 San Mateo, CA 94403.If your living trust title contains your name (as does the title of Nolo trusts), you'll need to create a new trust, not just update your old one. Creating a new trust will require you to transfer trust ownership from your old trust to your new trust, using your new name. For example, if Sarah Smith's home is owned by her living trust, when she changes her name to Sarah Gonzales, she will have to change the deed to say that the house is now owned by The Sarah Gonzales Living Trust. Creating your new trust and transferring ownership may take a little work (and money), but you'll have to consider it one of the many issues involved in changing your name.
The most obvious option is to create the trust in the name of the grantor, who is the person who creates the trust. For example, if John Chang is the grantor, the trust could be called The John Chang Living Trust. An alternative is to name the trust in honor of a set of beneficiaries who will benefit from the trust, such as minor children. For example, The Ethan and Lisa Chang Living Trust.
If the beneficiary is an organization or charity, the name of the trust may reflect this. Since you are free to name the trust whatever you want, you can use a geographical name, such as Westport Living Trust, or just about anything else you can think of. One way to protect your privacy is to name your revocable living trust with something generic instead of your real name. But did you know that you can name your trust in revocable life whatever you want? If you want to hide your identity, you can name your trust something other than your real name.