Revocable Trust for Single Individual: Simple (Massachusetts)

This legal template is designed for single individuals residing in the state of Massachusetts who wish to establish a simple revocable trust. A revocable trust is a flexible estate planning tool that allows individuals to manage their assets during their lifetime and ensure a smooth transfer of these assets upon their death, typically avoiding probate court proceedings.

The template likely entails a comprehensive set of provisions and legal language that enables the individual, also known as the grantor or settlor, to create the trust, determine its assets, and appoint a trustee who will manage the trust's assets in accordance with the grantor's wishes. By making the trust revocable, the grantor retains the power to modify, amend or terminate the trust at any time as circumstances in their life change.

Furthermore, the template may include provisions that define the distribution of assets to beneficiaries designated by the grantor, specify the desired handling of various types of property held within the trust, and address any specific instructions or wishes the grantor has for the trust administration. Additionally, the document might contain provisions related to the trust's taxation, accounting, and potential eventual termination.

Given the reference to Massachusetts in the template's description, it is probable that the document is tailored to comply with relevant state laws, regulations, and legal conventions specific to Massachusetts jurisdiction.