Revocable Living Trust Agreement Template Page 2
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18REVOCABLE LIVING TRUST AGREEMENT
AGREEMENT made this
day of
20
BETWEEN:
(1)
John Smith of Street Address, City, County, Florida (the "Grantor"), and
(2)
John Smith of Street Address, City, County, Florida (the "Trustee").
WHEREAS:
A.
The Grantor is the legal and beneficial owner of the property described in the Schedule attached hereto.
B.
The Grantor wishes to create a trust of certain property for his benefit and for the benefit of others, such
property being described in the Schedule attached hereto and having been delivered this date to the
Trustee of the trust created hereunder.
C.
The clause has been deleted from this section for the sample review.
D.
The clause has been deleted from this section for the sample review.
IT IS AGREED AS FOLLOWS:
In consideration of the mutual covenants set forth herein, and for other good and valuable consideration
(receipt of which is hereby acknowledged), the Grantor and Trustee hereby agree as follows:
1.
NAME OF THE TRUST
1.1
This trust shall be designated as the Thrust Name (the "Trust").
2.
TRANSFER OF PROPERTY
2.1
The Grantor, in consideration of the acceptance by Trustee of the trust herein created, hereby
conveys, transfers, assigns, and delivers to the Trustee the property described in the Schedule
hereto (the "Trust Estate") to hold same on trust for the uses and purposes set out below and in
accordance with the terms of this Agreement.
2.2
The Grantor, and any other persons, shall have the right at any time to add property acceptable to
the Trustee to the Trust and such property, when received and accepted by the Trustee, shall
become a part of the Trust Estate and shall be noted in the Schedule hereto.
2.3
The clause has been deleted from this section for the sample review.
3.
DISPOSITION OF INCOME AND PRINCIPAL DURING THE LIFETIME OF THE GRANTOR
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