Revocable Living Trust Form (Page 2 of 9) in pdf

Living Trust of

Date:

reserves the right to appoint successor trustees, replace present trustees and change the

beneficiaries or the rights to property due any beneficiary.

ARTICLE IV – APPOINTMENT OF TRUSTEES

The Grantor hereby appoints himself,

, as Trustee of

this Living Trust. In the event that he is unwilling, unable, or does not accept his appointment,

Grantor hereby appoints

to serve as First Alternate

Trustee of this Living Trust or any trust created hereunder.

Grantor hereby appoints

to serve as Second Alternate

Trustee of this Living Trust or any trust created hereunder should Trustee and First Alternate

Trustee die simultaneously.

ARTICLE V – PAYMENT OF EXPENSES

1. The Trustee shall pay from the Trust Estate all expenses of Grantor’s legally enforceable

debts, costs of administration including ancillary costs, costs of safeguarding and delivering

legacies, other proper charges against Grantor’s estate, and estate and inheritance taxes

assessed by reason of Grantor’s death, except that the amount, if any, by which the estate and

inheritance taxes shall be increased as a result of the inclusion of property in which Grantor

may have a qualifying income interest for life or over which Grantor may have a power of

appointment shall be paid by the person holding or receiving that property. Interest and

penalties concerning any tax shall be paid and charged in the same manner as the tax.

Grantor waives for his estate all rights of reimbursement for any payments made pursuant to

this article.

2. The Trustee’s selection of assets to be sold to make the foregoing payments or to satisfy any

pecuniary legacies, and the tax effects thereof, shall not be subject to question by any

beneficiary.

3. The Trustee shall make such elections under the tax laws as the Trustee deems advisable,

without regard to the relative interests of the beneficiaries. No adjustment shall be made

between principal and income or in the relative interests of the beneficiaries to compensate

for the effect of elections under the tax laws made by the Trustee.

ARTICLE VI – TRUST PROVISIONS WHILE GRANTOR IS LIVING

1. Income – During the lifetime of the Grantor, the Trustee may pay the income from the Trust

Estate in convenient installments to the Grantor or otherwise as he may from time to time

direct, and also such sums from principal as he may request at any time.

Page 2 of 9

Revocable Living Trust Form Page 2