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While a revocable trust can be revoked for any reason, most settlors choose to revoke their trust after experiencing a significant life change. Perhaps they recently got married and had their first child, which changes how they wish to dispose of their assets after they die.

(a) A trust that is revocable by the settlor may be revoked in whole or in part by any of the following methods: (1) By compliance with any method of revocation provided in the trust instrument. (2) By a writing (other than a will) signed by the settlor and delivered to the trustee during the lifetime of the settlor.

You begin by removing all assets previously transferred into the trust. Then, obtain and fill out a complete revocation form. You will have to explain why you chose to revoke your trust (usually because of a change in circumstance, and so on). This document may also be known as a trust revocation declaration.

The written document must set forth the specific amendments to be made to the Trust. If it's a revocation, the document must specify the fact that the Trust is being revoked. In order for the amendments or revocation to be valid, that Trust amendment or Trust revocation must be delivered to the current acting trustee.

As a general rule, a trust can only be revoked by its settlor or anyone else the settlor has granted the power to revoke. If there are multiple settlors, all the settlors must agree to the revocation (unless the provisions of the trust establish different rules).

Revoking a living trust is possible with both types of trust but is much more straightforward with revocable living trusts. All you need is to transfer the assets from the trust back into your name and fill out a formal trust revocation form.