Shares Assignment Separate from Certificate Transferring Shares to Revocable Trust

This legal template is designed to facilitate the transfer of shares from an individual stockholder to a revocable trust. The document outlines the process of assignment, where the stockholder intends to transfer their ownership rights and interest in specific shares to the trust, effectively making the trust the new owner of the said shares. Unlike traditional transfers that involve physical certificates, this template specifies that the assignment is a separate action from the transfer of actual physical certificates, allowing the stockholder to retain possession of the certificates while the trust assumes the ownership rights. The template may further include relevant terms and conditions, legal requirements, and the necessary steps to complete the assignment.