Revocable Trust for Individual with Spouse or Partner: Simple (New Jersey)

This legal template pertains to the creation of a revocable trust specifically designed for an individual residing in the state of New Jersey, who is married or in a domestic partnership. The trust is aimed at providing a simple and straightforward method for the grantor (the individual establishing the trust) to plan and manage their assets during their lifetime, while also detailing the disposition of those assets upon their death. The template likely includes provisions that allow the grantor to retain control and ownership of their assets, and the option to modify or revoke the trust at any time. It may also incorporate specific instructions regarding the distribution of assets upon the grantor's passing, such as to their spouse or partner, children, or other beneficiaries. This template essentially offers a legally binding framework for an individual to protect and allocate their assets according to their wishes, while potentially minimizing estate taxes and probate processes.