Joint Revocable Living Trust
Estate Planning
Create a joint revocable living trust to be used by spouses to secure their assets during their lifetimes and then efficiently transfer those assets upon death.
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About This Form
A Joint Revocable Living Trust is a legal arrangement created by spouses to manage and protect their assets during their lifetimes. This type of trust allows for the seamless transfer of assets to beneficiaries upon the death of the grantors, avoiding the probate process. It provides flexibility, as the terms of the trust can be altered or revoked during the grantors' lifetimes. This trust is particularly beneficial for married couples looking to ensure their estate is handled according to their wishes while minimizing legal complications and expenses.
When to Use This Form
- When you want to manage and protect assets jointly with your spouse
- If you wish to avoid probate for your estate
- When you want flexibility to change terms during your lifetime
- To ensure your estate is handled according to your wishes
- As part of comprehensive estate planning
Key Features
- Allows spouses to manage and protect their assets together
- Assets can be transferred to beneficiaries without going through probate
- Terms of the trust can be altered or revoked during the grantors' lifetimes
- Helps minimize legal complications and expenses
- Provides privacy in estate management
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