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REVOCATION OF LIVING TRUSTEE NOTICE that, the Trust or(s) of THE REVOCABLE TRUST dated, as the Assignor, does hereby revoke said trust pursuant to the following provisions:1. The trust is revoked
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How to fill out revocation of living trust

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How to fill out revocation of living trust

01
To fill out a revocation of living trust, follow these steps:
02
Start by stating your full name and the date of the revocation.
03
Clearly state that you are revoking the living trust and include the name of the trust as stated in the original document.
04
Include any identifying information about the original trust, such as the date it was created and the names of the trustees.
05
Provide a clear statement that you understand the consequences of revoking the trust.
06
Sign and date the revocation document in the presence of a notary public.
07
Keep a copy of the signed revocation document for your records.
08
Notify any relevant parties, such as trustees, beneficiaries, or financial institutions, about the revocation of the living trust.

Who needs revocation of living trust?

01
Anyone who has previously created a living trust and wishes to revoke it needs a revocation of living trust.
02
Some common situations where a revocation of living trust may be necessary include:
03
- Changes in personal circumstances, such as divorce or marriage, that necessitate updating estate planning documents.
04
- Changes in financial circumstances that require alterations to the terms of the trust.
05
- Changes in beneficiaries or trustees.
06
- A desire to create a new trust with different terms or provisions.
07
- Any other situation where the creator of the trust wants to legally and officially revoke the existing living trust.

What is Revocation of Living Trust - Oregon Form?

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Revocation of a living trust is a formal legal process where the grantor (the person who created the trust) cancels or terminates the trust, effectively nullifying its terms and returning assets to the grantor.
The grantor of the living trust is typically required to file for its revocation, as they are the individual who established the trust initially.
To fill out a revocation of living trust, the grantor must prepare a written document stating their intent to revoke the trust, identify the trust by name and date, and provide their signature. It may need to be notarized and should be filed in accordance with local laws.
The purpose of revocation of a living trust is to allow the grantor to regain ownership and control of the assets held in the trust, often due to changes in personal circumstances or estate planning goals.
The revocation document must typically include the name of the trust, the date it was created, the grantor's name, a declaration of revocation, and any other specific instructions related to the management or distribution of the assets.
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