Living Trust Sample Pdf

Revocable living trusts agreement form this is the form to use if the intent of a property and assets owner is to construct a legal agreement between him as the grantor and another party as his trustee.

Living trust sample pdf.

The agreement form will state the names of the parties and their roles in the trust the name of the trust the details of the property transfer as well as other clauses which are. A living trust also known as a revocable trust is an agreement created by a person known as the grantor to hold some portion of their assets during their lifetime. Sample individual living trust. California revocable living trust form.

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. 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. 105th st suite 101 seattle washington 98133 206 853 1541 sample summary of the john s smith and susan m smith living trust this article by article explanation is a brief summary of the provisions of mr. Article i identification 1.

The person in charge of managing the trust is known as the trustee. Revocable living trust by name of person creating trust i a resident of city county california declare this to be my living trust and hereby revoke any previous living trust that i may have previously made. 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. The grantor of this trust is.

Article three trustee succession section 3 01 resignation of a trustee a trustee may resign by giving written notice to either of us. The california revocable living trust is a document that allows a grantor to specify how his her assets and property should be managed during their lifetime and after their death the assets designated to the trust may be managed by the grantor only if the grantor chooses to act as trustee person responsible for maintaining the trust however this option is only available with a revocable trust. Summary of the john s smith and susan m smith living trust page 1 shikuma law offices pllc 1833 n. To show you what a living trust could look like here is a sample trust using fictional names and situations.

Name of person creating trust. This is a legal procedure and a proper living trust agreement has to be drawn and. The trust provides for payment of income to the grantor and the distribution of the remaining trust assets once the grantor dies. First name and wife first name last name living trust 3 1.

Many a times people transfer all their assets and property into a trust such these can benefit them during their lifetime and can later be transferred to another person or their rightful heir after their death. If we are both incapacitated or deceased a trustee may resign by giving written notice to the trust s income beneficiaries and to any co trustees. Here is an example of a nolo living trust made for a fictional person.