VIEWS: 986 PAGES: 19 CATEGORY: Wills and Trusts POSTED ON: 7/27/2009
This is a legal document that determines how a married couple's property is to be managed and distributed during their lifetime and also upon death. This particular trust is created by a married couple in a community property state. This trust is revocable and designates the spouse that survives longer as the beneficiary in order to avoid estate and gift taxes, but this agreement can easily be customized to provide for different beneficiaries. This document can be used by married couples in community property states that want to designate each other as beneficiaries for distribution upon the death of one spouse.
"Revocable Inter-Vivos Trust - Married in a Community Property State"