Sample Revocable Living Trusts

The following sample revocable living trusts are designed to illustrate the structure and content of the various types of revocable living trusts in use today. Each of these sample revocable living trusts is described below. To review a sample revocable living trust, simply click on the appropriate links below.

Simple Revocable Living Trusts¹:

SIMPLE DECLARATION OF TRUST 1: This simple Declaration of Trust contains the type of provisions often found in a revocable living trust for a single person with adult children and a modest estate. The trust instrument is called a "Declaration of Trust" because the grantor is also the sole trustee. The trust created under this trust instrument is also called a "simple" revocable living trust because it does not contain provisions to reduce or eliminate estate taxes. To Simple Declaration of Trust 1 . . .

SIMPLE TRUST AGREEMENT 1: This simple Trust Agreement contains the type of provisions often found in a revocable living trust for a married person with young adult children and a modest estate. The trust instrument is called a "Trust Agreement" because someone other than the grantor is serving as trustee. The trust created under this trust instrument is also called a "simple" revocable living trust because it does not contain provisions to reduce or eliminate estate taxes.

To Simple Trust Agreement 1 . . .

Amendments to Revocable Living Trusts:

AMENDMENT OF TRUST 1: This Amendment of Declaration of Trust 1 is an example of how a revocable living trust trust instrument is often amended when only minor changes are to be made.

To Amendment of Declaration of Trust 1 . . .

AMENDMENT AND RESTATEMENT OF TRUST 1: This Amendment and Restatement of Declaration of Trust 1 is an example of how a revocable living trust instrument is often amended when more extensive changes are to be made or when a number of amendments already exist.

To Amendment and Restatement of Declaration of Trust 1 . . .

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¹ "Simple trusts" are so named because they do not contain provisions to reduce or eliminate federal estate taxes. Simple trusts are used mainly by individuals whose estates are not large enough to be subject to the federal estate tax. See a brief discussion of the Federal Estate Tax in our "Glossary of Terms." Also see our Sample Revocable Living Trusts listed above.

(Reference - Sample Revocable Living Trusts)

Last Updated on Monday, 09 January 2012 17:19