Revocable Living Trust Agreement Template Page 3
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183.1
The Trustee shall manage, invest and hold the Trust Estate and collect the income derived
therefrom and, after the payment of all taxes and assessments thereon and all charges incident to
the management thereof, dispose of the net income therefrom and corpus thereof, as follows:
3.1.1
The clause has been deleted from this section for the sample review.
3.1.2
The clause has been deleted from this section for the sample review.
3.1.3 The Grantor may at any time during his lifetime and from time to time, withdraw all or part of
the principal of the Trust, free of trust, by delivering to the Trustee an instrument in writing
duly signed by the Grantor describing the property or portion thereof to be withdrawn. Upon
receipt of such instrument, the Trustee shall thereupon convey, assign, deliver and execute
any document necessary and do every act or thing necessary to transfer to the Grantor,
free from the provisions of this Trust, the property described in the said instrument.
3.1.4 In the event that the Grantor is deemed to be mentally incompetent (as determined in
writing by a qualified medical doctor) and unable to manage his own affairs, or in the event
that the Grantor is not adjudicated incompetent, but by reason of illness or mental or
physical disability is, in the reasonable opinion of the Successor Trustee, unable to properly
handle his own affairs, then and in that event the Successor Trustee may during the
Grantor's lifetime, in addition to the payments of income and principal for the benefit of the
Grantor (including the medical care, comfortable maintenance and welfare of the Grantor),
pay to or apply for the benefit of the Grantor's minor children and other dependents (if any),
such sums from the net income and from the principal of this Trust in such shares and
proportions as the Successor Trustee determines to be necessary or advisable from time to
time for the medical care, comfortable maintenance and welfare of the Grantor's minor
children and dependents taking into consideration, to the extent the Successor Trustee
deems fit, any other income or resources of the Grantor's minor children and dependents
known to the Successor Trustee.
3.1.5
The clause has been deleted from this section for the sample review.
4.
DISTRIBUTION OF TRUST ESTATE FOLLOWING THE DEATH OF THE GRANTOR
4.1
After the death of the Grantor, the Successor Trustee shall promptly distribute the Trust Estate to
the following persons (the "Beneficiaries") as follows:
4.1.1 The clause has been deleted from this section for the sample review
4.1.2
The clause has been deleted from this section for the sample review.
5.
PROPERTY MANAGEMENT
Page 2
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