What do I need to create a trust?

A living trust requires that a trust document be drafted and assets transferred to the trust. A living trust will require that the owner of the assets transfer title from his or her name to the name of the trust. This really means changing the title of property. For real property, it means you will sign a new deed. For other assets, you sign a special transfer document changing ownership to the name of the trust. Once the process is completed, all your assets will be owned by your trust.