Shared/Marital Revocable Living Trust
(Premium Version)


A Shared/Marital Revocable Living Trust is a type of trust that is created by two or more individuals (also known as co-grantors or co-settlors) to hold and manage their assets together. It is called a "revocable" trust because the grantors retain the ability to make changes to the trust or revoke it entirely during their lifetime. A shared revocable living trust can be used to manage the grantors' assets during their lifetime and after their death, and can provide a number of benefits, such as avoiding probate, reducing estate taxes, and providing for incapacity. Married couples are the most common example of individuals who may want to use a shared revocable living trust. In a shared revocable living trust, the grantors can name each other as co-trustees and beneficiaries, or they can name other individuals to serve in these roles. After the death of one of the grantors, the surviving grantor can continue to use the trust to manage their assets, or the trust can be dissolved and the assets distributed to the beneficiaries according to the terms of the trust.

Shared vs. AB Revocable Living: Why Choose the Shared Trust? 

Three reasons can explain why a married couple might choose a shared revocable living trust over an AB revocable living trust:

  1. Simplicity: A shared revocable living trust is simpler to set up and administer than an AB trust, as it does not require the creation of two separate trusts for each spouse. This can make it easier to manage the trust and its assets.
  2. Flexibility: A shared revocable living trust allows both spouses to have equal control over the trust and its assets. This can be beneficial if both spouses want to be involved in the management of the trust and its assets.
  3. Cost: A shared revocable living trust may be less expensive to set up and maintain than an AB trust, as it does not require the creation of two separate trusts.

Product Description

This document set is not available for preview. It is available for purchase only. This comprehensive set of forms contains all documents that a married couple will need to establish a Marital Revocable Living Trust (also known as a Shared Revocable Living Trust). This kit was professionally drafted by highly skilled attorneys with substantial experience in the industry, who would charge between $1,800 to $2,500 to create a trust for a client using the same documents. The kit reads with the ease of understanding that non-legal expert consumers expect, yet it maintains the professional sophistication that our attorney customers demand.

To help you establish the trust, the kit includes a clear set of instructions. (You may also consult with our staff toll-free or by email at no additional charge if you require further assistance.) 

The kit includes:

  1. Declaration of trust form (the primary instrument that establishes the trust)
  2. Property assignment form (to transfer property into the name of the trust)
  3. Pour-over last will and testament (to safeguard against a failed assignment of property into the trust)
  4. Trust amendment form (to amend the trust at a later date if necessary)
  5. Trust revocation form (to revoke the trust in its entirety at a future date if desired)
  6. Certificate of trust form (a summary overview document that certifies the existence and the authority of the trust to third parties, which helps to keep confidential the terms and beneficiaries of the trust). 
Finally, the kit includes templates for Schedules A, B, C, D, and E, designed to facilitate listing of the property that will be held in the name of the trust, as well as the distributions to any beneficiaries, if desired.

In total, this professionally drafted kit is 20 pages in length (approximately 7,000 words) and prints on standard 8 1/2 x 11 paper.