Revocable Living Trust Agreement
Revocable Living Trust Agreement: Estate Planning Guide U.S.
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Effective Date and Parties
1. Creation of Trust
2. Name of Trust
3. Trustee Powers and Duties
4. Beneficiaries
5. Successor Trustee
6. Revocation or Amendment
7. Governing Law
Signatures
Preview
REVOCABLE LIVING TRUST AGREEMENT
This Revocable Living Trust Agreement ("Agreement") is made on [Date], by and between:
Grantor: [Full Legal Name], residing at [Address]
and
Trustee: [Full Legal Name], residing at [Address]
1. Creation of Trust
The Grantor hereby transfers to the Trustee the property described in Schedule A [Property Description], to be held, administered, and distributed in accordance with the terms of this Agreement.
2. Name of Trust
This trust shall be known as "[Grantor's Name] Revocable Living Trust," and may be amended or revoked by the Grantor at any time during their lifetime.
3. Trustee Powers and Duties
The Trustee shall manage the trust property, invest assets prudently, maintain accurate records, and distribute income and principal as directed herein.
4. Beneficiaries
Upon the death of the Grantor, the Trustee shall distribute the trust property to the beneficiaries named in Schedule B [Beneficiaries List], in the manner and proportions specified.
5. Successor Trustee
If the Trustee is unable or unwilling to serve, the successor trustee named in Schedule C [Successor Trustee Name] shall assume the role and responsibilities.
6. Revocation or Amendment
The Grantor may revoke or amend this trust in writing, signed and dated, and delivered to the Trustee.
7. Governing Law
This Agreement shall be governed by and construed according to the laws of the State of [State].
Signatures
Grantor: ________________________ Date: [Date]
Printed Name: ___________________
Trustee: _________________________ Date: [Date]
Printed Name: ___________________
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