How do I set up a living trust?

To set up a living trust, you create a trust document naming yourself as trustee, your successor trustee, and your beneficiaries, then you fund it by retitling your assets into the trust's name. Funding is the step people most often skip, and an unfunded trust does nothing. You can use an attorney for about 1,500 to 3,000 dollars or an online service for less. Take care to actually transfer your home, accounts, and other assets in.