What is Form WA 988LT and how can it benefit my business?

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- 1 - REVOCABLE LIVING TRUST AGREEMENT THIS REVOCABLE LIVING TRUST AGREEMENT, (hereinafter "Trust"), is being made on this the ________ day of _______________, 20_____, by and between ___________________________________ of ____________________ County, State of Florida, hereinafter referred to as the Trustor and the Trustee designated below and shall be governed and administered in accordance with the following terms and provisions: ARTICLE I NAME OF TRUST 1. NAME OF TRUST: This trust may be referred to as THE ________ REVOCABLE LIVING TRUST. ARTICLE II IDENTIFICATION 2. TRUSTOR AND BENEFICIARIES: The Trustor or Settlor of this trust is _______________________, an Individual residing at ___________________________________, ___________________________________, Florida ________. The Beneficiary of the Trust during the lifetime of the Trustor is the Trustor. Except as otherwise provided herein, upon the death of the Trustor, the Beneficiaries is/are __________________. The Trustor has no children. ARTICLE III TRUSTEE APPOINTMENT 3. TRUSTEE APPOINTMENTS: The Trustor, hereby
Appoint the trustee designated below (hereafter the trustee) to be and remains the trustee for purposes of discharging this trust: at any time, or in case of the death of the trust or, when there are more than one (1) of the trustee and beneficiary, and if the beneficiaries are the trust or and the settler of the trust, the trustee designated above to be and remain trustee for purposes of discharging this trust. This trustee may not be a minor child if the person being assumed is any one of the trust or, or the settler. The trustee shall not have been appointed or elected if not later than seven (7) days prior to the election of the person or persons to be or remain the successor trustee. The trustee shall serve as successor to the trust or in the case where the revocable living trust is to be made in the presence of the trustee or not less than seven (7) days prior to the election of the person or persons to be or remain the successor trustee. The trustee shall also serve as trustee for the estate of the trust or in the event that one of the trustee is absent. In the event of any death or in the event of the successor trustee being a minor child, the estate of the executor shall be administered by the successor trustee with the consent of the trust or. Article iv termination, termination date, time frame, and notice of election of trustee 4. This trust shall automatically be dissolved after the election of the trustee (hereafter in this trust agreement, trustee) and shall automatically terminate when the estate of the person or persons to be the successor trustee is distributed. A revocation of the election of a successor trustee may be made at any time without notice by the trustee (hereafter in this trust agreement, trustee) but shall not be effective until the trustee (hereafter in this trust agreement, trustee) makes an election to make the dissolution. If a beneficiary of this trust dies prior to the latter of the trustee electing to make the dissolution or the next date on which the trust is likely to be taxable to the beneficiary, the trustees shall have no right of action in respect thereof. Article v this trust must not be administered without the written consent of: 5. The trustee. 6. The settler of this trust. Article vi beneficiary designation 8. The trustee designated below (hereafter beneficiary) has designated as beneficiary an individual other than the trust or. The beneficiaries may be a person who is the spouse, parent, child,

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