Revocable Living Trust Deed for Family Trust | USA

Protect your assets and avoid probate proceedings by placing your estate property into trust with this Revocable Living Trust Agreement for California residents.

• The trustee will pay the trust income to the settlor (maker of the trust), and such portion of the principal of the trust as the trustee sees fit for the medical care, maintenance and welfare of the settlor.
• If the settlor becomes unable to manage his/her affairs, the trustee may pay the trust income and principal to the settlor's spouse and/or children.
• The settlor may make changes to or revoke the Trust Agreement by written notice to the trustee.
• Upon the settlor's death, the remaining trust property is to be distributed to the beneficiaries in a manner set out in a schedule to the Agreement.

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.

Set up a living trust as part of your estate plan with this template USA Revocable Living Trust Declaration.

• Placing your property in a living trust during your lifetime automatically avoids probate, and ensures that when you die your estate will be distributed to your beneficiaries.
• The settlor’s property is transferred to the trustee, who holds it in trust on behalf of the beneficiaries.
• After the settlor’s death, the trustee will pay all of the estate expenses and then distribute the remainder of the trust proceeds to the beneficiaries.
• This is a revocable trust, which means it can be revoked in whole or in part at any time during your lifetime.
• It should be used in connection with a Pour Over Will.
• Also included is an Approval from Spouse form, which the settlor’s spouse must sign to consent to the transfer and release all rights to the trust property.