Decide the type of trust you want
Identify the purpose of the trust
Choose the grantor
Choose the trustee
Choose the beneficiaries
Decide what assets will fund the trust
Select the trust terms and rules
Draft the trust document
Sign the trust agreement
Notarize or witness the document if required by your state
Transfer assets into the trust
Retitle accounts and property in the trust’s name
Update beneficiary designations where needed
Keep trust records organized
Review and update the trust as circumstances change