Revocation of a Living Trust Kit
A Notice of Revocation of a Living Trust is used to terminate an existing living trust and call for the return of the assets in the trust to the person who placed them there in the first place (called the “grantor”). In the absence of revoking a living trust you have created, the assets in the trust will be distributed in accordance with the terms of the original living trust agreement when you die. This may no longer be in accordance with your wishes.
This Revocation of a Living Trust Kit, which has been prepared by lawyers, takes you step-by-step through the process of creating and serving a notice of revocation terminating your living trust.
- Prepare a notice of revocation of a living trust.
- Terminate a living trust.
- Ensure the necessary people are informed.
- Step-by-step instructions.
- Lawyer approved.
A revocable living trust is a written agreement created for the purpose of holding ownership of some or all of your assets outside of your probatable estate during your lifetime, and then distributing those assets to the beneficiaries named in your living trust agreement when you die.
By holding assets outside of your estate, those assets will not need to go through probate and can be quickly distributed to your beneficiaries after your death.
Of course, having created a revocable living trust, there may be reasons why you might want to terminate that trust and have all of the trust assets transferred back to you. This might be because of changes in probate law or because you simply wish to leave your assets in some other manner than that envisaged by the living trust. In order to do so, you will need to serve a written notice of revocation on the current trustees confirming that the trust arrangement has come to and end and calling on them to return the trust assets to you.
This Notice of Revocation of a Living Trust Kit, which has been prepared by lawyers, takes you step-by-step through the process of creating a notice of revocation and serving it on the trustees of the living trust. In addition, it also outlines the steps involved in transferring the living trust assets back into your personal name.
You will have everything you need to legally revoke a living trust at your finger tips.
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Table of Contents
Using Self-Help Kits
What are Living Trusts?
Revocation of a Living Trust
How to Revoke a Living Trust
Transfer the Title of the Assets in the Living Trust Back to Your Name
Transferring Property From Your Trust
Cars, Boats and Other Vehicles
United States Savings Bonds
Publicly Quoted Stocks and Bonds
Appendix 1 - Signing Instructions
Appendix 2 - Notice of Revocation of a Living Trust
Appendix 3 - Deeds of Assignment
Deed of Assignment for Use with an Individual Revocable Trust
Deed of Assignment for Use with a Couple’s Revocable Living Trust
The following forms are included with this kit:-
- Notice of Revocation of a Living Trust
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