Establishing secure connection…Loading editor…Preparing document…

Revocable Living Trust Form

This template is fully customizable. Edit the text, fill out the fields, and send it for signature. Give it a try!

REVOCABLE LIVING TRUST AGREEMENT

This Revocable Living Trust Agreement, hereinafter "Trust," is being made on this the day of , , by and between of County, State of Alaska, hereinafter referred to as the Trustor, whether one or more, 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 Trustors or Settlors of this trust are and , Husband and Wife, residing at , , Alaska . As used herein, the term “Trustor” shall mean all trustors of this trust, whether one or more. The Trustors are married and parents of the following living children:

The Beneficiaries of the Trust during the lifetime of the Trustors is the Trustors. Except as otherwise provided herein, upon the death of the Trustor, the Beneficiaries are the Children of the Trustor.

ARTICLE III
TRUSTEE APPOINTMENT

3. TRUSTEE APPOINTMENTS: The Trustor hereby appoints , the Trustor, as Trustee of this Trust. If the Trustor is unable to serve as Trustee for any reason, then the Trustor hereby appoints as Successor Trustee. If neither the first or second Trustee are able to serve as Trustee for any reason, then the Trustor hereby appoints as Successor Trustee, whether one or more.

ARTICLE IV
ASSETS OF TRUST

4. ASSETS OF TRUST: All rights, title, and interest in and to all real and personal property, tangible or intangible, listed on the attached Exhibit “A”, is hereby assigned, conveyed and delivered to the Trustee for inclusion in this Trust.

5. ADDITIONS TO TRUST PROPERTY: Additional property may be conveyed to the Trust by the Trustor, or any other third party at any time. Trustor may execute such other documents as is necessary to effectuate the assignment of property to this Trust.

6. RIGHTS TO TRUST ASSETS: Except as specifically provided herein, the Beneficiaries of this trust shall have no rights to any assets of the trust.

7. HOMESTEAD EXEMPTION: Grantor(s) reserves the right to use, occupy and reside upon any real property placed in this Trust as their permanent residence during their lives. Grantor(s) shall have the right to reside in the property rent free and without charge except for the payment of the following: (1) all mortgages costs and expenses (2) all property taxes, and (3) reasonable expenses of upkeep and maintenance.

ARTICLE V
TRUSTEE POWERS AND OTHER PROVISIONS

8. POWERS: The Trustor does hereby grant to the Trustee all powers necessary to deal with any and all property of the Trust as freely as the Trustor could do individually.

9. AUTHORITY TO ACT: The approval of any court, the Trustor, or any beneficiary of any Trust created by this Trust shall not be required for any dealings with the Trustee of this Trust.

ARTICLE VI
TRUST ADMINISTRATION DURING LIFE OF TRUSTOR

10. MANAGEMENT OF TRUST PROPERTY: All property of the Trust shall be managed by the Trustee at the direction of the Trustor.

11. INCAPACITY OF TRUSTOR: During any period of incapacitation of the Trustor, as defined by this Trust Agreement, the Successor Trustee may apply or expend all or a part of the income and principal of this Trust, or both, for the health and maintenance of the Trustor, in his or her accustomed manner of living.

12. RESERVATION OF RIGHTS: Except during periods of incapacitation as defined by this Trust Agreement, upon delivery to the Trustee of a written instrument, signed and acknowledged by the Trustor, the Trustor does hereby reserve during his or her lifetime the following rights:

(A) To revoke this Trust Agreement in its entirety and to recover any and all remaining property of the Trust after payment of all Trust administration expenses.

(B) To alter or amend this instrument in any and every particular at any time and from time to time.

(C) To change, at any time and from time to time, the identity or number, or both, of the Trustee and/or Successor Trustee.

(D) To withdraw from the operation of this Trust, at any time and from time to time, any or all of the Trust property.

ARTICLE VII
DISTRIBUTIONS DURING LIFETIME OF TRUSTORS

13. GENERAL DISTRIBUTIONS: The following options are available to the Trustee regarding the distribution of principal or income to or for a beneficiary:

(A) Payments may be made directly to the beneficiary as an allowance, in such amounts as the Trustee may deem advisable.

(B) Payments may be made to the Guardian of the beneficiary.

(C) Payments may be made to a relative of the beneficiary upon the agreement of such relative to expend such income or principal solely for the benefit of the beneficiary.

(D) The Trustee may expending such income or principal directly for the beneficiary.

(E) In making distributions of income or principal, the Trustee shall be mindful of the Beneficiaries health, education, support, maintenance, comfort and general welfare needs.

14. RESIDENCE: A residence may be purchased or otherwise obtained by the Trustee for the benefit of an income beneficiary of any Trust for use by the beneficiary and his or her family.

15. OTHER PAYMENTS: At the request of any Trustor in writing, the Trustee shall make lump sum or periodic payments to any third party designated by such Trustor.

ARTICLE VIII
TRUST ADMINISTRATION AFTER TRUSTOR’S DEATH

16. TRUSTEE: Upon the death of the Trustor, the Successor Trustee shall continue to administer the assets of this Trust, as well as any other property received by this Trust from any source, and shall distribute said assets as provided herein.

17. BENEFITS PAYABLE TO TRUST: Upon the death of the Trustor, the Trustee is hereby authorized to take any and every action necessary to collect any and all benefits payable to the Trust.

18. LIABILITIES OF TRUSTOR’S ESTATE: Prior to the distribution of any assets of this Trust, the Trustee may, at his or her sole and absolute discretion, pay to the Trustor’s estate, from the principal or income of the Trust, any or all of the Trustor’s just debts, funeral expenses, and administration expenses of the Trustor’s estate.

19. TAXES: Upon the death of the Trustor, all estate and inheritance taxes that become due and payable upon all of the property comprising the Trustor’s gross estate shall be paid by the Trustee.

20. ADDITIONAL DISTRIBUTIONS: The Trustee is hereby authorized to pay to the Probate Estate of the deceased Trustor as much of the income and principal of this Trust as the Trustee deems necessary for any purpose.

21. GIFTS: The Trustee shall, upon the death of the Trustor, make such gifts of the tangible personal property of the Trustor held or acquired by this Trust as may be directed by the Trustor’s Will or any list, letter, or other writing of the Trustor.

ARTICLE IX
TRUSTOR’S DEATH

22. DISTRIBUTIONS: Upon the death of the Trustor, the following distributions shall be made from the property of this Trust after payment of the Trustor’s just debts, funeral expenses, expenses of any last illness, and the other distributions otherwise provided for in this Trust:

(a) DISTRIBUTION UPON DEATH OF FIRST TRUSTOR: Following the death of the first Trustor, and prior to the death of the Surviving Trustor, the Trustee shall pay to or for the benefit of the Surviving Spouse, at the Trustee’s discretion, so much of the income and principal as the Trustee deems necessary for the health, maintenance, education, support, and happiness of the Surviving Trustor.

(b) DISPOSITION OF TRUST ESTATE ON DEATH OF SURVIVING TRUSTOR: If any of the children of the Trustors survives the Surviving Trustor, but none of the children are under the age of twenty-one (21) years at the time of the death of the Surviving Trustor, the Trustee shall divide the Trust property into as many shares of equal market value as are necessary to create one share for each of the Trustor’s children who survive the Surviving Trustor and one share for each of the Trustor’s children who predecease the Surviving Trustor but who leave issue surviving him or her.

(c) SPRINKLING TRUST: The Trustee shall hold, administer, and distribute the assets of the Sprinkling Trust as follows:

(i) DISCRETIONARY PAYMENTS BEFORE DIVISION INTO SHARES. At any time or times before the division of the Trust into shares as provided below in this section, the Trustee shall pay to or apply for the benefit of any one or more of the Trustors’ then-living children and the then-living issue of any then-deceased children of the Trustors so much of the net income and principal of the Trust as the Trustee deems proper for the health, education support, and maintenance of each of them.

(ii) DISCRETIONARY PAYMENTS OF INDIVIDUAL TRUSTS. At any time or times during the term of the individual Trust to be created for each of the then-living children of the Trustors, the Trustee shall pay to or apply for the benefit of the child so much of the net income and principal of the individual trust as the Trustee deems proper for the child’s health, education, support, and maintenance.

(iii) TERMINATION AND DISTRIBUTION OF INDIVIDUAL TRUSTS. The individual trust shall terminate when the child reaches the age of 21 years or on the death of the child, whichever occurs first.

(iv) TERMINATION OF INDIVIDUAL TRUST ON DEATH OF CHILD. The Trust shall terminate on the death of the child for whom the trust was created.

(v) FINAL DISPOSITION. If the trust property is not completely disposed of by the preceding provisions, the indisposed-of portion shall be distributed outright as follows: one half to the heirs of the deceased Trustor and one half to the heirs of the Surviving Trustor.

(d) SPRINKLING TRUST FOR ISSUE. Each share or portion of the Trust estate, or of the Trust property of any other Trust created by this Trust instrument, that is allocated to a Sprinkling Trust for Issue for the benefit of the beneficiaries when any beneficiary is under the age of twenty-one (21) years shall be held, administered, and distributed by the Trustee as a separate Trust.

23. DEATH OF BENEFICIARY: Should a named beneficiary die before a complete distribution of this Trust is made, and that Beneficiary leave no living issue, then that beneficiary’s share shall go to the surviving Beneficiaries.

ARTICLE X
TRUSTEE PROVISIONS

24. THIRD PARTIES: Any person dealing in good faith with the Trustee shall deal only with the Trustee and shall presume the Trustee has full power and authority to act on behalf of the Trust.

25. COMPENSATION: Any beneficiary of this Trust serving as Trustee shall do so without compensation for his or her services, except that the Trustee shall be reimbursed for reasonable expenses incurred in the administration of the Trust.

26. BOND AND QUALIFICATIONS: Bond shall not be required of the Trustee or any Successor Trustee.

27. SUCCESSOR TRUSTEE(S): No Successor Trustee shall be responsible for acts of any prior Trustee.

28. REMOVAL OF SUCCESSOR TRUSTEES: A Successor Trustee may be removed by the last individual to serve as Trustee; however, if that person is deceased or incapacitated, the Successor Trustee may be removed by a majority vote in interest in Trust income.

29. DELEGATION OF POWERS: Any management function of any Trust may be delegated by any Trustee to any Successor Trustee, even if such Successor Trustee is not then serving as Trustee.

30. LIMITED AMENDMENT POWER: The Trustee shall enjoy a limited power to amend management functions of this Trust only as may be required to facilitate the convenient administration of this Trust, to deal with the unexpected or the unforeseen, or to avoid unintended or adverse tax consequences.

31. RESIGNATION OF TRUSTEE: Any Trustee may resign by writing filed among the trust papers effective upon the trustees’ discharge.

32. NONLIABILITY FOR ACTION OR INACTION BASED ON LACK OF KNOWLEDGE OF EVENTS: When the happening of any event affects the administration or distribution of the trust, a trustee who has exercised reasonable care to ascertain the happening of the event is not liable for any action or inaction based on lack of knowledge of the event.

33. TRUSTEE AS BENEFICIARY: A trustee who is also a beneficiary of the trust may exercise powers to make discretionary distributions.

34. WAIVER OF ACCOUNTING: Except as otherwise provided herein, neither this trust, nor any Trustee, shall be required to provide an accounting to any Beneficiary.

ARTICLE XI
TRUST ADMINISTRATION

35. ALLOCATION TO PRINCIPAL AND INCOME – SEPARATE TRUSTS: All expenses and all receipts of money or property paid or delivered to the Trustee may be allocated to principal or income in the sole discretion of the Trustee.

36. ALIENATION: Excepting the Trustor, no income or principal beneficiary of any Trust shall have any right or power to anticipate, pledge, assign, sell, transfer, alienate or encumber his or her interest in the Trust, in any way.

37. TERMINATION OF TRUST: Should the aggregate principal of any Trust at any time be valued at Twenty Thousand Dollars ($20,000) or less, the Trustee may, in his or her sole discretion, terminate such Trust and distribute the assets of the Trust to the beneficiaries in proportion to each beneficiary’s share of the Trust.

38. ELECTIONS: The Trustee and the Personal Representative of the Trustor's estate will have various options in the exercise of discretionary powers.

39. BENEFICIARY DESIGNATION: Upon written designation by the Trustor of a beneficiary for a qualified plan or IRA benefits made payable to this Trust, the Trustee shall distribute the right to receive such benefits to the designated beneficiary.

40. CERTIFICATE OF TRUST: The Trustee is hereby authorized and granted all powers necessary to execute a Certificate of Trust, describing any Trust matter, including but not limited to a description of the Trust terms, the administrative powers of the Trustee and the identity of any current Trustee.

41. REGISTRATION OF TRUST ASSETS: Assets of this Trust during the Trustor’s lifetime shall be registered as follows:

42. TAX IDENTIFICATION: This Trust shall be identified during the Trustor’s lifetime by the Trustor's Social Security Number . Upon the Trustor’s death, the Trustee shall then apply to the IRS for a tax identification number for the Trust and any other Trust created by this Trust Agreement.

43. SPENDTHRIFT CLAUSE: The interest of any Beneficiary of this Trust in the income and principal shall not be subject to claims of his or her creditors.

44. PERPETUITIES CLAUSE: All Trusts created by this instrument and interests therein shall vest in their then beneficiary twenty-one years after the death of the last of the issue of the Trustor who was alive when the Trustor died.

ARTICLE XII
TERMS AND DEFINITIONS

45. INCAPACITATED: For the purposes of this Trust Agreement, if a Trustee or a beneficiary is under a legal disability, or by reason of illness, mental or physical disability is, in the written opinion of two doctors currently practicing medicine, unable to properly manage her affairs, he or she shall be deemed incapacitated.

46. REHABILITATION: For the purposes of this Trust Agreement, as a Trustee or as a beneficiary, shall be deemed rehabilitated when he or she is no longer under a legal disability or when, in the written opinion of two doctors currently practicing medicine, he or she is able to properly manage his or her own affairs.

47. GUARDIANSHIP: During any period of incapacity or incompetence, the Trustor does hereby nominate as Guardian of the Trustor’s property the same person(s) in name and order of succession who serve as Trustee as provided herein.

48. SURVIVORSHIP: This Agreement shall be binding upon the heirs, personal representatives, successors and assigns of the parties hereto.

49. APPLICABLE LAW: This Agreement shall in all respects be construed and regulated according to the laws of the State of Alaska.

50. TRUSTEE AND TRUST: The term “Trustee" refers to the single, multiple and Successor Trustee, who at any time may be appointed and acting in a fiduciary capacity under the terms of this agreement.

51. GENDER - SINGULAR AND PLURAL: Where appropriate, words of the masculine gender include the feminine and neuter; words of the feminine gender include the masculine and neuter; and words of the neuter gender include the masculine and feminine.

52. IRC: The term "IRC" refers to the Internal Revenue Code and its valid regulations.

53. SERVE OR CONTINUE TO SERVE: A person cannot "serve or continue to serve" in a particular capacity if they are incapacitated, deceased, have resigned, or are removed by a court of competent jurisdiction.

54. ISSUE: The term "issue", unless otherwise designated herein, shall include adopted "issue" of descendants and lineal descendants, both natural and legally adopted indefinitely.

55. NOTICE: No person shall have notice of any event or document until receipt of written notice.

56. MERGER: The doctrine of merger shall not apply to any interests under any Trust.

57. REPRESENTATION: In any Trust matter a beneficiary whose interest is subject to a condition shall represent the interests in the Trust of those who would take in default of said condition.

IN WITNESS WHEREOF, on this the day of , , Trustor and Trustee have signed this Instrument.

TRUSTOR

TRUSTOR

TRUSTEE

State of Alaska

Judicial District (or County of )

The foregoing instrument was acknowledged before me this day of , by ( ).

Notary Public

Print Name

Serial Number, if any

My commission expires:

THE REVOCABLE LIVING TRUST

Schedule A

The sum of One Hundred Dollars ($100.00) in cash.

TOGETHER WITH:

Enter text✕
Prepare your document for signing right on this page
  • 01 Edit the text and complete the fields
  • 02 Click Sign Now and on the next screen add recipients and signature fields in SignNow
  • 03 Start your free trial to sign and send your doc
Sign Now

What the Revocable Living Trust Form Is and How It Functions

Revocable Living Trust Form is a legal instrument used to create a revocable trust that holds assets during a settlor's lifetime and distributes them after death. It names a trustee to manage trust property, designates beneficiaries, and specifies successor trustees and distribution terms. Unlike a will, a properly funded revocable living trust can avoid probate for assets titled in the trust’s name, allow continuity of management during incapacity, and be amended or revoked by the settlor while alive. Execution usually requires signatures and often notarization depending on state law.

Why Use a Revocable Living Trust Form

Use a Revocable Living Trust Form to centralize asset ownership, name successor management, and reduce probate costs and delays. It provides flexibility — the settlor retains control while alive and may amend or revoke the trust to reflect changing circumstances.

Why Use a Revocable Living Trust Form

Who Typically Prepares and Uses This Form

Common users include individuals planning estates, trustees administering assets, attorneys preparing trust documents, and beneficiaries.

  • Estate planners and attorneys who draft and review trust documents.
  • Individual grantors (settlors) creating a flexible, revocable ownership vehicle for family succession.
  • Successor trustees and financial institutions managing trust assets after incapacity or death.

Core Sections Found in a Professional Revocable Living Trust Form

Core sections of the Revocable Living Trust Form outline parties, trustee powers, distribution rules, incapacity provisions, amendment clauses, and successor trustee designations.

Parties

Identify the settlor(s), initial trustee, and beneficiaries with full legal names and contact details; include successor trustee names and alternate beneficiaries to avoid gaps if primary designees cannot serve.

Trust Property

Describe assets transferred to the trust (real property, accounts, securities); reference exhibits or schedules for detailed inventories and include instructions for titling and recording where applicable.

Trustee Powers

Set clear administrative and investment powers, distribution discretion, borrowing authority, fiduciary standards to guide trustees, and recordkeeping obligations.

Incapacity Protocol

Include successor trustee activation criteria, medical incapacity procedures, and powers to access accounts, pay care providers, and manage financial affairs including use of medical affidavits or physician statements when required.

Distribution Terms

Specify timing, conditions, and spendthrift protections for beneficiary distributions, including discretionary distributions, mandatory payouts, and provisions for minors or special needs beneficiaries and tax allocation rules.

Amendment & Revocation

State how the settlor may amend or revoke the trust, required formalities, and whether amendments require written notice to trustees or beneficiaries; address surviving spouse rights if applicable.

Step-by-Step: Complete and Execute the Revocable Living Trust Form

Follow these steps to complete and execute the Revocable Living Trust Form accurately and reduce later transfer or probate issues.

  • 01
    Prepare Draft: Gather asset lists, beneficiary details, and existing deeds or account statements.
  • 02
    Draft Terms: Specify trustee powers, distributions, incapacity triggers, and amendment rules.
  • 03
    Review with Counsel: Have an attorney verify tax and state-specific language when assets or complex issues exist.
  • 04
    Execute & Notarize: Sign in presence of required witnesses and a notary if state law requires.

How Digital Execution Works for a Trust Form

Digital execution streamlines trust signing: upload the form, place fields, authenticate signers, capture signatures and notarization, then distribute final copies and store securely.

  • Upload Document: Start with the final trust document in PDF or DOCX format.
  • Place Fields: Insert signature, date, and initial fields for all parties and witnesses.
  • Authenticate Signers: Use email, SMS, or advanced verification for identity confirmation.
  • Capture Notary: If notarization is required, schedule in-person or remote notarization session.

Recommended Online Workflow Settings for Trust Execution

Configure an online signing workflow that enforces execution order, adds notarization steps, and routes copies to trustees and legal counsel automatically.

Field Configuration
Signing Order Require signer order and set trustee as final signer.
Notary Requirement Add notarization field for settlor signature when state requires notarized acknowledgment.
Authentication Level Choose email, SMS, or knowledge-based verification per risk profile.
Notification Routing Send copies to successor trustees and counsel automatically upon completion.
Record Retention Keep signed PDF with audit trail and notary journal where applicable.

Platform Capabilities to Support Trust Execution

Digital signing for trust documents requires secure storage, strong signer authentication, and exportable audit trails for evidentiary support.

  • Formats: PDF and DOCX supported for upload.
  • Integrations: Connects to CRMs and cloud storage.
  • Authentication: Email, SMS, or advanced methods.

Security and Compliance Considerations for Trust Documents

Encryption in Transit: TLS 1.2/1.3 protects data and authentication
Encryption at Rest: AES-256 encryption for stored files
Certifications: ISO 27001 and SOC 2 Type II certified
HIPAA: BAA available for covered entities
ESIGN/UETA: Meets ESIGN and UETA standards
21 CFR Part 11: Supports FDA electronic records requirements

Key Risks When the Form Is Incorrect or Incomplete

Probate Exposure: Assets not funded may enter probate
Tax Consequences: Improper transfer can trigger taxes
Title Problems: Mismatched names impair retitling
Invalid Signatures: Missing notarization can reduce enforceability
Beneficiary Disputes: Vague terms invite litigation
Ineffective Funding: Trust benefits require asset transfers

Common Preparation Errors to Avoid

  • Failing to fund the trust: a signed trust does not control assets until ownership is retitled; leaving deeds or accounts in the grantor's name negates probate avoidance.
  • Using ambiguous distribution language: vague beneficiary instructions create administration delays and increase litigation risk when trustees interpret intent without clear standards.
  • Not updating after life events: major changes — divorce, remarriage, birth, death — require trust updates to reflect current intentions and avoid unintended heirs.
  • Skipping professional review: DIY forms may miss tax planning issues, ancillary documents, or state-specific formalities that a licensed attorney would identify.

Timing Considerations and When to Act

There is no universal filing deadline for a Revocable Living Trust Form; timely funding and updates after life events are the primary timing considerations.

Execution Date Importance:

Date governs effective provisions and tax year reporting

Fund Trust Promptly:

Transfer deeds and accounts soon after execution

Notify Successor Trustees:

Provide copies at incapacity or death promptly

Periodic Reviews:

Review every three to five years or after major events

Recordkeeping for Tax:

Keep records to support estate and income tax positions

eSignature Pricing and Feature Snapshot for Trust Execution (signNow listed first)

Compare common vendor starting prices and feature availability for executing Revocable Living Trust Forms electronically; signNow appears first per vendor ordering rules.

signNow DocuSign Adobe Sign PandaDoc HelloSign
Starting Price $8/user/mo $15/user/mo $14/user/mo $19/user/mo $15/user/mo
Free Trial 7-day free trial No No Yes, limited Yes, limited
Bulk Send Yes Yes Yes Yes No
Audit Trail Yes Yes Yes Yes Yes
HIPAA Compliant Yes Yes Yes No No
Envelope Cap No cap 100 envelopes/user/year Varies Varies Varies

Frequently Asked Questions About the Revocable Living Trust Form

Answers to common questions about using a Revocable Living Trust Form, including execution, e-signing, notarization, and revocation procedures.


Need help? Contact support

Explore Templates

Louisiana Amended Petition Louisiana Child Custody
be ready to get more
Join over 28 million airSlate SignNow users
Sign Now
Company
Forms
Pricing
Resources
Knowledge base
Other Products
© 2026 airSlate Inc. All rights reserved.