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The form below is a very basic one. Chances are you will need something more comprehensive. AllLaw.com provides much more professional forms. Click here to find a form for your specific needs.

REVOCABLE TRUST

 

We, __________________________ and _________________________, (Settlor), whose address is ________________________________________________________________________, have this day conveyed and transferred to ___________________________, (Trustee) whose address is _________________________________________________________________________, the property as listed and set forth in Schedule A attached hereto and made a part hereof, and the said Trustee hereby makes and executes this Declaration of Trust and hereby agrees for itself and its successors in effect, to hold said property and any property from time to time added hereto in Trust.

 

The property shall be held, managed, invested and re-invested by the Trustee, and its successor or successors, with all the powers to the Trustee as herein provided.

 

The Trustee shall divide the Trust Property into shares for each of the beneficiaries, in the percentages set forth below:

_________________________________________________________ ____________

Name of Beneficiary SSN Relationship to Settlor Percentage

_________________________________________________________ ____________

Name of Beneficiary SSN Relationship to Settlor Percentage

_________________________________________________________ ____________

Name of Beneficiary SSN Relationship to Settlor Percentage

 

Trustee shall pay to, or apply for the benefit of, said named beneficiaries such amount, or amounts, of the net income and/or principal from each of said shares as the Trustee in its absolute discretion may determine, any net income in any year which is not paid to, or applied for the benefit of, the beneficiary of each said share shall be added to the principal of said share at the end of the year.

 

Trustee shall pay to each of said beneficiaries the principal of the share held for his or her benefit, free and discharged from any Trust in or within ____________ year(s) from the date of the death of the last surviving Settlor unless this trust is sooner revoked.

 

In extension and not in limitation of the powers given them by law or other provisions of this instrument Trustee and any successor or successors shall have the full power with respect to any property in any Trust established hereunder, to deal with the same as if he/she were the owner thereof without order or license of any Court.

 

The interest of each beneficiary in the income and principal of a trust under this instrument shall be free from the control or interference of any creditor of the beneficiary or any spouse of a married beneficiary and shall not be subject to attachment or susceptible of anticipation or alienation.

 

This Declaration of Trust is revocable and the Settlor retains the power to alter, amend or revoke this instrument either in whole or in part at any time. Revocation shall be accomplished by a certificate of the Settlor delivered to the Trustee personally or by certified mail.

 

_______________________________ ________________

Settlor Date

________________________________ ________________

Settlor Date

_______________________________ ________________

Trustee Date

 

STATE OF )

COUTNY OF )

Subscribed and sworn before me this the _____ day of ___________, 20__.

Witness my hand and official seal.

 

________________________________ My commission expires:

Notary Public

 

 

Warning:

These forms are provided AS IS. They may not be any good. Even if they are good in one jurisdiction, they may not work in another. And the facts of your situation may make these forms inappropriate for you. They are for informational purposes only, and you should consult an attorney before using them.


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