Revocable Trust (Married or Single Individual) (Trust(s) for Children) (TX)
Summary
This template is for use as part of a client's wealth transfer plan in Texas. The trust provides for distribution of assets at the death of the trustor. This template includes practical guidance, drafting notes, alternate clauses, and optional clauses. This template is for use as part of a client's wealth transfer plan in Texas. The trust provides for distribution of assets at the death of the trustor. This template includes practical guidance, drafting notes, alternate clauses, and optional clauses. At the death of the trustor (or at the death of the survivor of the trustor and his or her spouse, if applicable) the trust directs the assets held in further trust for the trustor's children. This template includes options for either (1) a shared "pot" trust for the benefit of the trustor's children collectively, or (2) separate share trusts for each of the trustor's children.Pot trusts aim to distribute assets equitably to a group of children or other beneficiaries of a possible range of ...