Revocable Living Trust
You wish to make a revocable gift during your lifetime
How to Make the Gift:
Name Hilbert College the beneficiary of assets in a living trust.
A living trust has specific provisions allowing you to fully manage, invest and spend the trust assets for your own benefit. You will go about your daily routine with regard to the assets that funded into the trust, except you will be recognized and sign as Trustee of the living trust. If you can no longer serve as Trustee for health reasons, the trust agreement will name a Disability Trustee to take over the management and investment of the trust funds. Upon death, the Successor Trustee will step in and pay your final bills, debts and taxes. The balance of the trust funds will go to Hilbert College outside of probate and without any court supervision or interference.