Estate Law Questions? Ask an Estate Lawyer.
Thanks for your question and good evening.You may not have the right forms here.You can look at this one it is titled Revocable Living Trust and it has the right to revoke it, etc that you seek.You can preview this one for free and compare it to what you have here.I am familiar with these forms and prefer them because they come with instructions and are reputable to deal with.http://www.uslegalforms.com/us/US-00556.htm
The proper revocable language is found at bottom of page 2..
Click on the free preview to view it and make use of it.It has been my pleasure to assist you tonight.Please let me know if you have more follow up.Thanks again.
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I apologize for not been more clear but I am speaking of a trust already existing and not on how to really write a proper one. The document in question is titled the xxxxxx acres living trust and was created under the governing laws of Florida. The trust doesnt mention specifically the word revocable and neither irrevocable. But mentions Living trust at many occasions. The grantor is also one of the trustee and a beneficiary and as a grantor is to receive a monthly income from the trust. Trust allows for more property to be transfered into it. Under powers of the trustees, it says power to manage : sell, trade, exchange, grant, lease real and personal property. Then it states that the trust is governed by the laws of Florida. Would I be correct to assume that this trust is revocable?
Sorry for the confusion.Yes a living trust here should be revocable.Unless it states that it is irrevocable then likely as a living trust it is revocable.Here is reference to that issue in Florida.http://www.floridabar.org/tfb/TFBConsum.nsf/0a92a6dc28e76ae58525700a005d0d53/29619132e623c5ac85256d44006868fc?OpenDocument
So If I understand clearly, in the event for whatever reasons this trust would be challenged in court, based on the small descriptions I did above regarding the trust, a court of law would consider it a revocable trust?
Understanding that I cannot see the trust here living trusts in Florida are considered revocable unless there is language otherwise.The court if challenged here would have the final say about whether it is in fact revocable if the language I referenced you is not set out within the document.Thats as definitive as I can be.If other beneficiaries disagree here you may have to seek a court ordered ruling that it is revocable.
Thanks again and good luck here with all of this.I appreciate the chance to help you .