A Revocable Trust Agreement is a legal document that enables an individual (the settlor) to place assets into a trust during their lifetime while retaining the ability to modify or revoke the trust as needed. This template provides comprehensive guidance to draft a clear and enforceable trust agreement, outlining the roles of trustees and beneficiaries, specifying powers and duties, and detailing asset management and distribution instructions. It is designed to support estate planning by facilitating smooth asset transfer and minimizing probate complications. The sections cover foundational elements such as trust creation, administration, amendment, and termination, as well as practical considerations like successor trustees and dispute resolution. Users can customize the agreement to reflect their specific intentions and legal requirements, ensuring clarity and legal compliance throughout the trust’s lifecycle.
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