Irrevocable Trust Declaration | USA

Set up a Qualified Settlement Funds Trust under U.S. bankruptcy laws with this downloadable template.

• This is an irrevocable trust that cannot be revoked once it is established.
• A QSF trust is created under Section 468B of the Internal Revenue Code, following the filing of a Chapter 11 bankruptcy petition by a debtor.
• A trustee is appointed to hold the assets and proceeds of the debtor until such time as the trustee settles with the creditors.
• This form of trust allows the debtor to liquidate appreciated assets, pay the proceeds into trust for the benefit of the creditors and take a current income tax deduction for the payment.

To get your copy of the Qualified Settlement Funds Trust Agreement, add the item to your cart and check out using our secure server.

Terminate a living trust with this free Revocation Form for US-based trusts.

• This revocation form can only be used to collapse a revocable trust. By its very nature, an irrevocable trust cannot be revoked.
• The grantor (the person who set up the trust) has the authority to wind up the living trust.
• The grantor gives directions to the trustee to return all remaining trust property to the grantor.
• The trustee's appointment as trustee is revoked once the trust property has been returned.
• Available in MS Word format.

Do you know what the short-term and long-term financial impact would be for the survivor if you or your spouse or partner were to die?

• Use this Estate Planning Analysis Worksheet to help you determine:
  • the immediate cash requirements of the surviving spouse / partner,
  • ongoing monthly income needs, and
  • available assets.
• This Estate Planning Analysis Worksheet should be completed by both you and your spouse or partner.
• It is provided in MS Word format and can be easily downloaded and filled in, either on the computer or by hand.

Keep your assets out of probate when you die with this USA Declaration of Nominee Trust.

• A nominee trust is a trust created for the purpose of holding property on behalf of beneficiaries whose identities are kept secret.
• The trustee's sole duty is to hold the trust property and pay over any trust income to the beneficiaries. The trustee has no power to deal with the property except as directed by the beneficiaries.
• Unless terminated earlier by one or more beneficiaries, the trust will automatically terminate twenty years after its effective date.
• The trust will not be administered by any court.
• Any termination of the trust, amendments to the Trust Declaration, and any changes in trustees must be recorded in the county records.

It's never to early to start your estate planning. Buy the USA Declaration of Nominee Trust and get started on yours now.