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The Sample Revocable Living Trust: Page 4 books, supplies, living expenses, travel and spending money to the extent that they are reasonable and necessary, again in the Trustee's absolute discretion;

Jan 25, 2024 · A living trust, or inter vivos trust, is a legal arrangement that is created while you are alive. You’ll transfer ownership of assets to the trust, which becomes the new legal owner of your ...

Feb 20, 2024 · Here is a sample living trust, just to show you what a living trust document can look like. Your trust document will be different, because it will be tailored to your situation and the laws of your state.

Collect Trust Property and accept or reject additions to Trust Property from the Grantor or any other person. Acquire or sell Trust Property, for cash or on credit, at public or private sale.

Oct 27, 2018 · We intend to create a valid trust under the laws of California and under the laws of any state in which any trust created under this trust document is administered. The terms of this trust prevail over any provision of California law, except those provisions that are mandatory and may not be waived.

Oct 11, 2024 · Creating a living trust involves drafting a formal legal document that, in pertinent part: The legal document is typically called a declaration of trust, trust instrument, or trust agreement....

Jul 15, 2024 · Use our revocable living trust form to transfer your estate and other assets to your heirs easily and quickly, avoiding court processes. A revocable living trust form is a document that creates a legal entity (called a trust) to hold assets like real estate, money, and valuables.

Sep 23, 2024 · A living trust (or "inter vivos trust") is a legal document allowing an individual (grantor) to place assets under the management of a trustee, who can be the grantor or another party. The trustee is responsible for safeguarding the trust's assets during the grantor's lifetime.