Revocable Living Trust for Married Couple

 Revocable Living Trust for Married Couple
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Description

Trustor and trustee enter into an agreement to create a revocable living trust. The purpose of the creation of the trust is to provide for the convenient administration of the assets of the trust without the necessity of court supervision in the event of the trustor's incapacity or death.

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FAQ

Should a husband and wife have separate trusts?

What happens to a joint trust when one spouse dies?

Do married couples need a living trust?

How does a joint revocable trust work?

Can a husband and wife have a joint trust?

What is the benefit of a marital trust?

Should a married couple have a joint trust or separate trusts?

What is the difference between a family trust and a marital trust?

For many married couples, a basic joint living trust will meet their needs. Each person can act as both a grantor and a trustee of the trust.
As a Married Couple Estate Planning Together? Who Should Use a Joint Revocable Living Trust? A joint revocable trust is probably the easiest form of living revocable trusts for a married couple to use. The introductory language identifies the people creating the trust, called the "grantors. A single living trust involves just one individual, while a joint living trust usually involves a married couple. Read about when a join trust would make the most sense for you and your spouse, or if two individual Revocable Living Trusts would be better. Two reasons: it's time consuming and it's really expensive. Revocable living trusts can be an essential piece of keeping the family peace, especially in second or subsequent marriages.
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