🌽 How to Set Up a Trust in Nebraska (2025 Guide)

For Nebraskans looking to pass down farmland, protect family assets, or avoid the costs and delays of probate, setting up a Revocable Living Trust is a smart move β€” and it’s easier than most people think. This guide walks you through how to create a trust in Nebraska legally, affordably, and without hiring a $3,000+ estate attorney.

10/27/20252 min read

🌽 How to Set Up a Trust in Nebraska (2025 Guide)

For Nebraskans looking to pass down farmland, protect family assets, or avoid the costs and delays of probate, setting up a Revocable Living Trust is a smart move β€” and it’s easier than most people think.

This guide walks you through how to create a trust in Nebraska legally, affordably, and without hiring a $3,000+ estate attorney.

πŸ” What Is a Trust?

A trust is a legal agreement where you (the grantor) place assets under the control of a trustee for the benefit of one or more beneficiaries.

The most popular trust for Nebraska families is the Revocable Living Trust, which allows you to:

  • Avoid probate court

  • Stay in full control of your property while you’re alive

  • Ensure immediate transfer of assets after death

  • Keep your estate private

  • Plan for disability or long-term illness

βœ… TrustGenie makes it simple to build, sign, and fund your trust β€” no legal background needed.

πŸ“ How to Set Up a Trust in Nebraska

1. Choose Your Trust Type

Start with a Revocable Living Trust, which is:

  • Legal and enforceable under Nebraska law

  • Flexible while you're living

  • Ideal for Nebraska property, businesses, and personal assets

Optional add-ons (included with TrustGenie):
☐ Minor’s Trust
☐ Special Needs Trust
☐ Pet Trust
☐ Spendthrift Protection
☐ Dynasty/Legacy Clause

2. Assign Key Roles

☐ Grantor – You, the person creating the trust
☐ Trustee – Usually you, managing the trust assets during your lifetime
☐ Successor Trustee – Takes over when you become incapacitated or pass away
☐ Beneficiaries – Those who will inherit from the trust

βœ… TrustGenie guides you in selecting and documenting all roles correctly.

3. List & Organize Your Assets

Include:

  • Nebraska farmland or real estate

  • Bank accounts and investment portfolios

  • LLCs or small business shares

  • Vehicles, equipment, valuables

  • Firearms, collections, livestock

  • Digital assets (e.g., crypto, domains, social accounts)

βœ… Comes with Schedule A and General Assignment forms for easy asset inclusion.

4. Sign & Notarize Your Trust

In Nebraska:

  • Trusts should be signed and notarized for legal validity

  • Witnesses are not required

  • Your Successor Trustee should be notified and given a copy

βœ… TrustGenie provides simple signing instructions.

5. Fund Your Trust

Many people skip this step β€” don’t!

☐ File a Quitclaim or Warranty Deed to move Nebraska real estate into the trust
☐ Update bank and investment accounts to show trust ownership
☐ Use a General Assignment to transfer personal property
☐ Transfer business interests, if any
☐ Update life insurance and retirement account beneficiaries if needed

🚨 If you don’t fund the trust, it won’t help you avoid probate.

⚠️ Common Mistakes in Nebraska

❌ Creating the trust but forgetting to fund it
❌ Not transferring farm or rental properties
❌ Naming minor children without a subtrust
❌ Using a template not specific to Nebraska law
❌ Not giving copies to your Successor Trustee

πŸ’° How Much Does a Trust Cost in Nebraska?

Method Cost Range Attorney$2,500 – $6,000+ Online Template$100 – $400 TrustGenie$150/year (all-in)

βœ… Includes Nebraska-specific forms, deeds, and funding tools.

🧠 Do You Need a Lawyer to Create a Trust in Nebraska?

No. Nebraska allows any competent adult to:

  • Create a written trust

  • Assign a trustee and beneficiaries

  • Properly sign and notarize the document

  • Fund the trust with assets

βœ… TrustGenie walks you through all of this affordably.

πŸ“Ž Free Download: Nebraska Trust Setup Checklist

Need the step-by-step checklist version of this guide?

πŸ“₯ [Download the Nebraska Checklist] β€” plain text available on request.

βœ… Ready to Set Up Your Nebraska Trust?

TrustGenie is helping Nebraska families protect their land, homes, and legacies β€” without wasting money on complicated legal fees.

πŸ‘‰ [Create Your Nebraska Trust – $150/year]