Getting Started

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.

Quick Tip

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 the El Dorado Community Foundation 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 the El Dorado Community Foundation after your lifetime, share our bequest language to add to your living trust with your estate planning attorney.

Share the sample bequest language for the El Dorado Community Foundation with your estate planning attorney:

"I, [name], of [city, state ZIP], give, devise and bequeath to the El Dorado Community Foundation [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."