Revocable Trust for Individual with Spouse or Partner: Separate Share Trusts for Children (Massachusetts)

This legal template refers to a Revocable Trust specifically designed for an individual residing in Massachusetts who has a spouse or partner, and seeks to establish separate share trusts for their children. A revocable trust is a legal arrangement where the individual, called the grantor, can make alterations or revoke the trust during their lifetime. This particular trust template takes into account the presence of a spouse or partner and intends to provide for the creation of individual share trusts for the couple's children. The trust offers flexibility and control over the grantor's assets, while ensuring that separate provisions are made for each child. By utilizing this template, individuals in Massachusetts can legally structure their assets and estate plan, safeguarding their wealth and ensuring the proper distribution to their children in a manner that aligns with their wishes and complies with state laws.