USA Revocable Living Trust Agreement with Change of Jurisdiction Clause
If you have property in other states that you want to place in trust, you need this USA Revocable Living Trust Agreement with a change of jurisdiction clause.
- This Trust Agreement allows the Trustee to move the trust property from one state to another if it will benefit the trust or any beneficiary with respect to taxes or any other reason.
- The Trustee will distribute the trust income as the grantors direct during their lifetime, and following their death, the trust estate is to be distributed to the beneficiaries specified by the grantors.
- The shares of minor beneficiaries are to be held in trust by the trustee and paid out to them when they reach a specific age.
- The share of any beneficiary who dies before receiving all of their share will be paid to any children of that beneficiary or, if there are no children, among the living descendants of the grantors, per stirpes.
- Any beneficiary or legal heir of the grantors who contests the terms of the trust is specifically disinherited by the grantors.
- The grantors may revoke the trust in whole or in part, or amend the Agreement at any time.
The USA Revocable Living Trust Agreement with Change of Jurisdiction Clause is ideal for anyone with out-of-state assets.
Last Updated: 14-Apr-2016