Letter to Financial Institution: Transfer of Accounts to Revocable Trust (New York)

This legal template is a letter intended to be sent to a financial institution based in New York under the jurisdiction of USA law. The purpose of the letter is to inform the financial institution about the transfer of accounts from an individual's name to a revocable trust. A revocable trust, also known as a living trust, is a legal entity created by an individual during their lifetime to hold their assets and distribute them upon their death or incapacitation. By transferring their accounts to the revocable trust, the individual ensures that their assets are protected and properly managed according to the trust's terms. The letter likely includes relevant account details, the name and details of the trust, along with necessary legal language to make the transfer official and compliant with legal requirements. This template serves as a convenient and standardized format to facilitate the transition of accounts to the revocable trust.