Living Revocable Trust Form Utah

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Living Revocable Trust Form Utah. This is less costly than forming a trust. The Utah revocable living trust is a legal instrument which is used to manage the estate of a Grantor.

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A living trust is a trust established during a person's lifetime in which a person's assets and property are placed within the trust, usually for the purpose of estate planning. During their lifetime, the Grantor will continue to benefit from their trust and can appoint themselves as the Trustee in charge of managing the trust's assets. A revocable living trust (also referred to as an inter vivos trust) provides flexibility and privacy not available with other estate planning options.

Although a revocable trust, or living trust, makes the process sound simple, you may not know exactly what you need to do to dissolve or revoke your living trust.

From the 'Lectric Law Library's Stacks Revocation of a Revocable Living Trust Agreement Form.

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A living trust is a trust established during a person's lifetime in which a person's assets and property are placed within the trust, usually for the purpose of estate planning. Revocable living trusts are used to avoid probate and to protect the privacy of the trust owner and beneficiaries of the trust as well as minimize estate taxes. Settlor desires to create a revocable trust of the property described in Schedule A hereto annexed, together with such monies, and other assets as the Trustee may hereafter at any time hold or acquire hereunder (hereinafter referred to collectively.