Revocable Trust for Single Individual: Basic (NY) | Practical Law

Revocable Trust for Single Individual: Basic (NY) | Practical Law

A basic revocable trust agreement (also referred to as a trust instrument or declaration of trust) for an unmarried individual residing in New York. This trust agreement provides options for outright distributions to beneficiaries on the settlor's death and does not include continuing trusts. It is suitable for an individual with or without children and contemplates distribution to guardians or custodians on behalf of minor beneficiaries. It does not incorporate planning to minimize estate taxes. This Standard Document has integrated notes with important explanations and drafting tips.

Revocable Trust for Single Individual: Basic (NY)

Practical Law Standard Document w-000-2406 (Approx. 67 pages)

Revocable Trust for Single Individual: Basic (NY)

by Practical Law Trusts & Estates
MaintainedNew York
A basic revocable trust agreement (also referred to as a trust instrument or declaration of trust) for an unmarried individual residing in New York. This trust agreement provides options for outright distributions to beneficiaries on the settlor's death and does not include continuing trusts. It is suitable for an individual with or without children and contemplates distribution to guardians or custodians on behalf of minor beneficiaries. It does not incorporate planning to minimize estate taxes. This Standard Document has integrated notes with important explanations and drafting tips.