Revocable Trust Form Sample Format
Description
How to fill out Revocable Trust Agreement Regarding Coin Collection?
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FAQ
The two basic types of trusts are a revocable trust, also known as a revocable living trust or simply a living trust, and an irrevocable trust.
Most trusts are named after the Trust Creators and also include the date the trust was created. Examples are ?John and Jane Smith Revocable Trust dated 1/1/20?; or ?Smith Family Trust dated 1/1/20?; or ?John W. Smith and Jane A. Smith Revocable Family Trust dated 1/1/20?.
Some trusts are 20 to 40+ pages in length due to all of the provisions, definitions, and contingencies that align with the goals of the person making the trust which may not be able to accomplish these goals if they are not included.
The revocable living trusts prepared by Woods Law Group average about 90 pages for a married couple and about 75 pages for an individual.
For example, you might set up a trust to hold assets that you want to be distributed among your three children when you pass away. Or you might choose your favorite charitable organization to be a beneficiary of your trust. There are many different kinds of trusts and they can be categorized in different ways.