wikiHow Living Trust Template **This is not a legal document, only a template REVOCABLE LIVING TRUST I, [your name], declare that this is my Revocable Living Trust (the "Trust"), and that I establish the Trust as of [date]. ARTICLE 1. TRUST PROPERTY I transfer to the Trustee (as defined in Article 3) the property described in Schedule A attached hereto (the "Trust Property"), to be held and administered by the Trustee as part of the Trust. ARTICLE 2. TRUSTEE I appoint [name of trustee], of [address], as the initial Trustee of the Trust. If the initial Trustee is unable or unwilling to serve, then I appoint [alternate trustee name] of [address], as successor Trustee. ARTICLE 3. DUTIES OF TRUSTEE The Trustee shall have the following duties: (a) To hold, manage, and distribute the Trust Property in accordance with the terms of the Trust; (b) To invest the Trust Property in a prudent manner, taking into account the needs of the beneficiaries and the potential for income and growth; (c) To maintain accurate records of all Trust Property, receipts, and disbursements; (d) To file all required tax returns and pay all taxes owed by the Trust; (e) To act in the best interests of the beneficiaries and to exercise reasonable care, skill, and diligence in carrying out the duties of the Trustee. ARTICLE 4. TRUST BENEFICIARIES The beneficiaries of the Trust shall be: (a) [Name of primary beneficiary], of [address]; (b) [Name of alternate beneficiary], of [address]. ARTICLE 5. DISTRIBUTION OF TRUST PROPERTY The Trustee shall distribute the Trust Property to the beneficiaries in accordance with the terms of the Trust. If a beneficiary dies before receiving their share of the Trust Property, their share shall pass to their heirs. ARTICLE 6. AMENDMENT AND TERMINATION OF TRUST I reserve the right to amend or terminate the Trust at any time, in whole or in part, by written instrument signed by me and delivered to the Trustee. ARTICLE 7. GOVERNING LAW The Trust shall be governed by the laws of the state of [state], without regard to conflicts of law principles. IN WITNESS WHEREOF, I have executed this Revocable Living Trust on the date first written above. [Your signature] [Your printed name] SCHEDULE A [List the property that you are transferring to the Trust, including real estate, bank accounts, investments, and other assets.] Page