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Revocable Living Trust Agreement
Secure your legacy with a flexible and legally sound Revocable Living Trust Agreement.
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REVOCABLE LIVING TRUST AGREEMENT
This Revocable Living Trust Agreement (“Agreement”) is made on [Effective 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, 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, 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 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: ___________
Printed Name: ___________________
Trustee: _________________________ Date: ___________
Printed Name: ___________________
Details
Learn more about
Revocable Living Trust Agreement
REVOCABLE LIVING TRUST AGREEMENT – FREQUENTLY ASKED QUESTIONS
What is a Revocable Living Trust Agreement, and what purpose does it serve?
A Revocable Living Trust Agreement is a legal document that allows a person (the grantor) to transfer ownership of their assets into a trust during their lifetime, retaining the ability to modify or revoke it at any time. Upon the grantor’s death, the assets are distributed to the beneficiaries according to the trust terms, without going through probate.
Does a Revocable Living Trust Agreement carry legal force?
Yes. It becomes legally binding when it includes essential terms such as identification of the grantor and trustee, a clear description of the trust property, powers of the trustee, and properly executed signatures.
Assessment: Correct – proper drafting ensures enforceability and smooth administration.
Can a Revocable Living Trust Agreement be used in any state?
Yes. According to Nolo principles, a trust with the essential elements is valid in any state, but local laws may govern execution requirements, trustee powers, and property transfer procedures.
Assessment: Correct – compliance with state-specific trust laws is essential.
What if I need a more flexible version of this document?
In that case, you should use our AI Lawyer product, which, powered by advanced AI technology, can create a customized trust agreement tailored to your estate, assets, and state law requirements.
How can I use this template?
You can:
Download and complete it with your personal and property details.
Or, upload it into AI Lawyer to customize interactively with guided steps.
What are common mistakes to avoid when drafting a Revocable Living Trust?
Forgetting to transfer assets into the trust, omitting successor trustee provisions, and failing to update the trust after major life events.
Can this template be adapted for international use?
Yes, but it must be adjusted for the applicable country’s inheritance and trust laws, and possibly translated into the official language.
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