Revocable Living Trusts: Getting Started 

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A revocable trust agreement is simple. You transfer assets—usually cash and securities—to the trust, naming the trustee of your choice. (That trustee may even be you.) You're the beneficiary of the trust during your lifetime. The trustee will manage the assets and pay to you the net income—or if you want additional funds, a portion or all of the principal.

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A living trust can be a way to manage your investments—for your benefit during your lifetime and for your family's benefit afterward.

After your lifetime, the trust becomes irrevocable. Your specified loved ones can receive lifetime income or principal from the trust, or you can have their share given to them in a lump sum, much like a regular will. When the trust terminates, the remaining assets are given to the beneficiaries you chose, often in the form of percentages. Should you choose to include Willamette University in your trust as a beneficiary, we can use the percentage you designate to us for our important needs.

If you'd like to remember Willamette University after your lifetime, share our bequest language, to add to your living trust, with your estate planning attorney.

If you are working with your attorney to include Willamette in your will or living trust, or if you would like to name Willamette as beneficiary of a retirement account or life insurance policy, we recommend that you use the following designation: ? "to Willamette University, a nonprofit corporation located in Salem, OR ?" We encourage you or your attorney to contact one of our gift planning professionals to help you ensure that your bequest best accomplishes your intentions regarding Willamette.

Learn more about giving back through your will and living trust.

Please contact Lori L. Hoby at (866) 204-8102 or if you have additional questions about supporting Willamette University through your revocable living trust. We're happy to help without obligation and in confidence.