Revocable Trust for Single Individual: Separate Share Trusts for Children (New Jersey)

This legal template is designed to establish a revocable trust, specifically tailored for single individuals residing in New Jersey, who wish to create separate share trusts for their children. A revocable trust, also known as a living trust, allows individuals to have control over their assets during their lifetime while also providing for the distribution of those assets upon their death. The separate share trusts within this template enables single individuals to allocate their assets in a way that ensures each child receives their designated share in the trust, according to their wishes. The template likely includes provisions related to the appointment of a trustee, beneficiaries, the terms and conditions of distributions, as well as mechanisms for asset management and allocation. By utilizing this legal template, single individuals residing in New Jersey can create a comprehensive revocable trust structure that safeguards their assets and effectively distributes them to their children after their passing.