There are just 6 steps to setting up a trust.

To set up a trust, you need to identify the assets, the beneficiaries, and the trustees of the trust.

You also need a trust document or agreement that establishes the rules and terms of the trust.

You can set up a trust by hiring an estate planning attorney, using an online service, or opening one on your own. However, if you are setting up an irrevocable living trust, which cannot be changed or revoked, you should contact an estate lawyer who can help you with the legal and tax implications.

You should also consult your financial advisor before setting up a trust. You need to sign the trust document in the presence of a notary.

1. Decide how you want to set up the trust
2. Create a trust document
3. Sign and notarize the agreement
4. Set up a trust bank account
5. Transfer assets into the trust
6. For other assets, designate the trust as beneficiary.



Source:
(1) Setting Up A Trust – The Complete Guide! | Elite Law Solicitors. https://www.elitelawsolicitors.co.uk/setting-up-a-trust/.
(2) A Six-Step Guide to Setting Up a Trust – Policygenius. https://www.policygenius.com/trusts/how-to-set-up-a-trust/.
(3) What you need to know to set up a trust | LegalZoom. https://www.legalzoom.com/articles/what-you-need-to-know-to-set-up-a-trust.
(4) How to Set up a Trust: Reasons to Establish & Costs – Annuity.org. https://www.annuity.org/retirement/estate-planning/how-to-set-up-a-trust/.