Revocable Living Trust Sample California

A revocable living trust is an estate planning tool used to keep assets out of probate.

Revocable living trust sample california. A california living trust is a document that enables an individual to manage their assets both during their lifetime and after death while avoiding the probate process the person establishing the trust the grantor can place their personal property and real estate within the trust so that it may be distributed directly to a beneficiary upon the grantor s death. To review a sample revocable living trust simply click on the appropriate links below. Amendment to name of your trust dated date of the signing of the original trust revocable living trust 3. First identify the portion of the trust you would like to amend.

T he following sample revocable living trusts are designed to illustrate the structure and content of the various types of revocable living trusts in use today. The title should read. A settlor creates the revocable living trust transfers ownership of selected assets to it and usually designates himself as trustee and primary beneficiary. The grantor maintains ownership over their assets and they can make alterations to the document or choose to revoke the trust at any point in their lifetime.

On an otherwise clean sheet of paper put the title at the top of the page. Trust 1 shall contain all the property of the tommy trustmaker and tammy trustmaker revocable living trust owned by the deceased grantor before it was held in trust plus accumulated income except trust property left by the terms of this trust to the surviving grantor. California revocable living trust form. The settlor of a california revocable living trust may dissolve all or part of the trust at any time.

A revocable living trust is created by an individual the grantor for the purpose of holding their assets and property and in order to dictate how said assets and property will be distributed upon the grantor s death. On the date set forth above the grantor transferred to the trust estate and assets described in attachment a which is attached and incorporated into the trust. Download this california revocable living trust form in order to set up an entity to hold assets or property you designate during your lifetime for the benefit of those you adobe pdf. Identify the portions of the trust by original and amendment text.

Tammy trustmaker called the grantor declares that she has transferred and delivered to the trustee all her interest in the property described in schedule a attached to this declaration of trust. This revocable living trust shall be known as the tammy trustmaker revocable living trust. Revocable living trust hereinafter known as the trust and is is not an amendment to a prior living trust.