What is typically included in a trust document?

A trust document is fundamentally structured to provide clear guidelines regarding the management and distribution of assets placed within the trust. This includes specifying the terms under which assets will be distributed to the beneficiaries, along with the appointment of trustees responsible for overseeing the trust’s administration. The clarity in these sections is essential to ensure that the intentions of the grantor are respected and executed properly, safeguarding both the grantor's wishes and the interests of the beneficiaries.

While the other options may touch on various aspects of estate planning or personal wishes, they do not encompass the core components of a trust document. For example, simply listing the names of beneficiaries does not provide the necessary legal framework for asset distribution or management. Moreover, detailing the grantor's liabilities or personal wishes regarding funeral arrangements, while potentially important to the overall estate plan, does not pertain directly to the operative functions of a trust. Thus, the answer accurately reflects the primary purpose and typical contents of a trust document.