Common use of Revocable Trust Clause in Contracts

Revocable Trust. This Trust is defined as a Trust that can be amended by the Grantor(s)/Settlor(s) as circumstances change. Upon the death of a Grantor(s)/ Settlor(s), a death certificate must be provided. A Grantor(s)/Settlor(s) may or may not also be a Trustee. Upon the death of any Trustee you must provide a new Certificate of Trust and complete a new Trust Application. This Trust automatically becomes irrevocable upon the death of all Grantor(s)/Settlor(s).

Revocable Trust. This Trust is defined as a Trust that can be amended by the Grantor(s)/Settlor(s) as circumstances change. Upon the death of a Grantor(s)/ Settlor(sGrantor(s)/Settlor(s), a death certificate must be provided. A Grantor(s)/Settlor(s) may or may not also be a Trustee. Upon the death of any Trustee you must provide a new Certificate of Trust and complete a new Trust Application. This Trust automatically becomes irrevocable upon the death of all Grantor(s)/Settlor(s).