Revocable Living Trust Sample California

Trust 1 shall contain all the property of the tommy trustmaker and tammy trustmaker revocable living trust owned by the deceased grantor before it was held in trust plus accumulated income except trust property left by the terms of this trust to the surviving grantor.

Revocable living trust sample california.

Revocable living trust hereinafter known as the trust and is is not an amendment to a prior living trust. A settlor creates the revocable living trust transfers ownership of selected assets to it and usually designates himself as trustee and primary beneficiary. 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 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.

Each of these sample revocable living trusts is described below. The settlor of a california revocable living trust may dissolve all or part of the trust at any time. A california living trust is a document that enables an individual to manage their assets both during their lifetime and after death while avoiding the probate process the person establishing the trust the grantor can place their personal property and real estate within the trust so that it may be distributed directly to a beneficiary 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.

To review a sample revocable living trust simply click on the appropriate links below. Trust 1 shall become irrevocable at the death of the deceased grantor. On the date set forth above the grantor transferred to the trust estate and assets described in attachment a which is attached and incorporated into the trust. California revocable living trust form.

On an otherwise clean sheet of paper put the title at the top of the page. T he following sample revocable living trusts are designed to illustrate the structure and content of the various types of revocable living trusts in use today. Amendment to name of your trust dated date of the signing of the original trust revocable living trust 3. Identify the portions of the trust by original and amendment text.

This revocable living trust shall be known as the tammy trustmaker revocable living trust. The title should read. Tammy trustmaker called the grantor declares that she has transferred and delivered to the trustee all her interest in the property described in schedule a attached to this declaration of trust.