Declaration of Irrevocable Trust

Declaration of Irrevocable Trust - Fillable PDF Form & Microsoft Word Format

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To use our Independent Paralegal Service and have a paralegal create your Revocable Living Trust, see: Revocable Living Trust Service.

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Description
Guarantee

Description

Consists of 11 articles:

  1. The Trustor hereby irrevocably assigns...
  2. The Trustee shall receive...
  3. This trust shall be...
  4. This agreement and the trust...
  5. The Trustee, in addition...
  6. No bond for the faithful...
  7. The Trustee shall...
  8. No Trustee of the...
  9. The Trustee, by...
  10. The Trustee shall...
  11. In the event that...

Features

  • Notary Acknowledgment
  • 3 Pages, One Side, 8.5 x 11

Downloadable Do-It-Yourself Estate Planning Forms & Kits 

Estate Planning. To insure who inherits your estate after you pass away you need to have completed your estate planning. If you do not, then you have no say as to who inherits your assets after your death. Complete estate planning includes a power of attorney for finances, healthcare, a living will (healthcare directive) as well as a last will & testament. Many people that have real property choose a revocable trust to prevent probate of an estate. A trust also includes powers of attorney, living wills, burial instructions, HIPAA waiver and much more.

By having powers of attorney done you know that the people you want will be making financial and healthcare decisions for you when you are not able and by having a will or trust done your estate will be distributed to those that you want it to be distributed to.

Probate. After someone dies, their estate (assets) are distributed to their heirs, whether they have a will or not. This court process is called "probate."

Probate may not always be necessary, as it depends on the value of the assets and they type of assets. In some instances, probate may be preferable when there are debts to be paid or if you think, there might be a dispute over the division of the estate by any of the heirs. Removing the deceased person's name from a real property deed (home) most always requires probate unless the property has been transferred into a trust prior to death.

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