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Revocable Trust for Single Individual (Basic) (CA)

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Basic revocable trust template for a single individual under California law. Covers trustee powers, distributions, and successor trustees.

[Optional listing of issue of deceased children:]

The following issue of the settlor's deceased child[ren] survive as of the date this trust instrument is executed:

Trust Estate.

Definition of Trust Estate. All property subject to this instrument from time to time is referred to as the "trust estate" and shall be held, administered, and distributed as provided in this instrument. The trustee shall hold, administer, and distribute the property described in Schedule A, any other property that may be hereafter subject to this trust, and the income and proceeds attributable to all such property, in accordance with the provisions of this instrument.

Additions to Trust. From time to time, the trustee may accept additions to this trust from any source. All such additions shall become a part of the trust estate and shall be held, administered, and distributed in accordance with the terms of this instrument. That additional property shall become part of the trust estate upon written acceptance of it by the trustee. Any additions to the trust shall be made by designating in writing the property to be added. However, the titling of any account, deed, or similar asset in the name of the trustee, as trustee of this trust, or any alternate or successor trustee acting under this instrument, shall be deemed to be a transfer to this trust. Any designation by a third party, whether by will, deed, account title designation, or similar transfer, shall also be a transfer to the trust estate.

Rights and Powers of Settlor.

Powers of Revocation and Amendment. This trust may be amended, revoked, or terminated by the settlor, in whole or in part, at any time during the settlor's lifetime. After the settlor's death, this trust shall be irrevocable and not subject to amendment.

Method of Revocation or Amendment. Any amendment, revocation, or termination of this trust shall be made by written instrument signed by the settlor and delivered [in person or by certified mail] to the trustee. An exercise of the power of amendment substantially affecting the duties, rights, and liabilities of the trustee shall be effective only if agreed to by the trustee in writing. [The method of amendment and revocation provided in this section is the exclusive method of such amendment or revocation. or The method of amendment and revocation provided in this section is not exclusive.]

Delivery of Property After Revocation. After any revocation or termination, the trustee shall [promptly or within (number) days] deliver the designated property to the settlor.

Settlor's Power to Direct Investments. Notwithstanding any other provision in this instrument, during the settlor's lifetime, the settlor shall have the power to direct the trustee to do any or all of the following:

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Revocable Trust for Single Individual (Basic) (CA)

Corporate Agreements -- US - General