On this page, you will find a downloadable Joint Revocable Living Trust word document. Provided as a free service for your convenience, this document is customizable to fit your specific needs. Whether you’re in California, Texas or Florida, it’s as simple as fill, print and sign.
This sample is not specific to any state but if you require a California joint living trust form, Texas joint revocable living trust pdf, or Florida joint revocable trust form, please consult local laws or an attorney for state-specific requirements. Also available are the joint irrevocable living trust form and other free joint living trust forms.
Please note that the joint trust form can be edited and adapted for use in different situations thus providing flexibility. However, it’s always advisable to consult with a legal professional when drafting essential estate planning documents like the joint revocable trust agreement.
JOINT REVOCABLE LIVING TRUST AGREEMENTThis Joint Revocable Living Trust Agreement is made this __ day of ___, 20__, by and between ______ (First Trustor’s Full Legal Name)______ and ______ (Second Trustor’s Full Legal Name)______, hereinafter referred to as the “Trustors.”
ARTICLE I: DECLARATION OF TRUSTThe Trustors, desiring to establish a joint revocable living trust, hereby declare that they have transferred and conveyed to the Trust, and shall continue to transfer and convey additional property from time to time. The Trustee shall hold, manage and distribute all property received, together with the income and proceeds thereof, in trust for the uses and purposes set forth herein.
ARTICLE II: TRUST PROPERTYThe initial property of this Trust consists of those assets listed in Schedule A attached hereto and made a part hereof. Additional property may be transferred to this Trust by the Trustors or by others during the Trustors’ lifetime or upon their death, all of which shall be subject to the terms of this Trust Agreement.
ARTICLE III: BENEFICIARYThe Trustors hereby designate ______ (Beneficiary’s Full Legal Name)______ as the primary Beneficiary of this Trust. Upon the death of both Trustors, the Trustee shall distribute the assets of the Trust to the Beneficiary as set forth in Article IX.
ARTICLE IV: TRUSTEEThe Trustors shall act as Trustees of this Trust. If either Trustor becomes unable to act as Trustee due to incapacity, the successor Trustee shall be ______ (Successor Trustee’s Full Legal Name)______. The successor Trustee shall have all rights and powers as if originally named as Trustee.
ARTICLE V: REVOCATION OR AMENDMENTThis Trust Agreement may be amended, revoked, or terminated at any time by the Trustors. Upon the death of one Trustor, the surviving Trustor may amend the trust, but may not change the Beneficiary without written consent of the named Beneficiary.
ARTICLE VI: DISTRIBUTION OF INCOME AND PRINCIPALDuring the Trustors’ lifetimes, the Trustee shall pay to, or apply for the benefit of, the Trustors, all of the net income of the Trust. Additionally, the Trustee may distribute such amounts of the principal as the Trustors may request.
ARTICLE VII: DISTRIBUTION OF TRUST PROPERTY UPON DEATH OF TRUSTORSUpon the death of the second Trustor, the Trustee shall distribute the Trust property to the Beneficiary free of trust, or in further trust, as directed in a written instrument signed and acknowledged by the Trustors.
ARTICLE VIII: NO ASSIGNMENT OF BENEFICIAL INTERESTNo Beneficiary shall have the power to anticipate, pledge or assign his or her interest in the Trust. The Trustee shall disregard any assignment or transfer of a Beneficiary’s interest.
ARTICLE IX: MISCELLANEOUS PROVISIONSThis Trust Agreement shall be governed by and construed in accordance with the laws of the State of ______. Any disputes arising under this Trust Agreement shall be litigated in the state or federal courts located within this state.
Signed this __ day of ___, 20__. ______________________________ ______ (First Trustor’s Full Legal Name)______ ______________________________ ______ (Second Trustor’s Full Legal Name)______
STATE OF ______ COUNTY OF ______ On this day, before me, a Notary Public, personally appeared ______ (First Trustor’s Full Legal Name)______ and ______ (Second Trustor’s Full Legal Name)______, known to me to be the persons whose names are subscribed to the within instrument, and acknowledged that they executed the same for the purposes therein contained. ______________________________ Notary Public My Commission Expires: ______
Other Useful ContractsIf you found the Joint Revocable Living Trust beneficial, you might also be interested in exploring more about Revocable Living Trust. A Revocable Living Trust is an effective estate planning tool that allows you to maintain control over your assets during your lifetime. Like a Joint Revocable Living Trust, this trust is revocable, meaning you can make changes and adjustments as needed.
Another related document is the Last Will and Testament. This essential legal document outlines how you wish your assets to be distributed upon your death. It’s an excellent complement to a Joint Revocable Living Trust as it allows detailed, personalized directives for your estate.
In addition, the Power of Attorney can be a helpful resource. A Power of Attorney is a legal document that gives one person the authority to act on behalf of another. It can be used in conjunction with a Joint Revocable Living Trust to ensure that your financial affairs are taken care of if you become incapacitated.
Lastly, you may want to look at a Healthcare Power of Attorney. This document designates someone to make healthcare decisions for you if you’re unable to do so yourself. Combined with the Joint Revocable Living Trust and Power of Attorney, this document forms a comprehensive plan covering both your financial and health-related concerns.