Drafts of Revocable Trust with Separate Share Trusts for Children for Individual with Spouse or Partner (Letter to Client)

This legal template is a draft version of a revocable trust with separate share trusts for children, specifically designed for individuals who are married or have a domestic partner. It is to be prepared under the legal framework of the United States. The main purpose of the trust is to outline the distribution of assets and property owned by the trust creator (referred to as the client) among their children while accounting for the involvement of a spouse or partner.

The revocable trust allows the client to retain control over their assets during their lifetime while providing provisions for their children's future inheritance. The separate share trusts ensure the assets intended for each child are safeguarded and managed separately until their specified ages or predetermined events occur. This structure ensures that the children's trust assets remain secure and protected from any potential financial issues faced by other beneficiaries or the surviving spouse.

This legal template serves as a letter addressed to the client, explaining the key aspects and provisions of the trust arrangement. It likely provides an overview of the purpose of the trust, its legal framework, the role of the spouse or partner, and any specific instructions regarding the children's respective share trusts. Additionally, the letter might include information on how the trust can be modified or revoked, and potentially provide guidance on choosing trustees or successor trustees.