Revocable Trust for Individual with Spouse or Partner: Simple

This legal template could be about creating a revocable trust for an individual who is married or in a domestic partnership. The template is designed to be simple and user-friendly, providing a straightforward and easy-to-understand method to establish a trust for the individual's assets.

The revocable trust allows the individual (also referred to as the settlor) to have control over their assets during their lifetime while designating their spouse or partner as the primary beneficiary. The trust ensures that the assets are managed and distributed according to the settlor's wishes, both during their lifetime and after their death.

The template may include sections for the settlor to outline their assets and specify how they should be managed and distributed. It may also provide provisions for the appointment of a trustee, who will be responsible for overseeing the trust's administration and carrying out the settlor's instructions.

Additionally, this template might cover crucial aspects such as the ability to modify or revoke the trust during the settlor's lifetime, provisions for incapacity or disability, and instructions for the distribution of assets upon the settlor's death. It could also include provisions for potential contingencies, such as the spouse or partner predeceasing the settlor or the settlor entering into a new relationship.

Overall, this legal template aims to provide a simple and effective solution for individuals who wish to establish a revocable trust that ensures the protection and proper distribution of their assets while accommodating the presence of a spouse or partner.