Loading...Download the Alabama irrevocable living trust form that lets an individual (grantor) transfer property and assets to someone else, the ‘trustee’, with the intent of it ending up in the hands of a beneficiary. A living trust is like a will, except that the grantor is able to the legal rights to a trustee until the time of the grantor’s death or at any time period stated in the trust.
With an irrevocable living trust, the grantor is not able to change the terms and conditions of the document at any time. Therefore it is highly recommended that the grantor consult with their attorney before proceeding. When the form has been completed it is to be signed in the presence of a notary public.
How to Write
- Introduction – Enter the Grantor’s name and address and the Trustee’s name and address.
- Article 1 – Name of the Trust – “__________________ Irrevocable Trust”
- Article 2 – Funding – Enter the funding of the trust in ‘Attachment A’
- Article 4A – Beneficiaries – Enter the Names and Addresses of the Beneficiaries
- Article 4B – Name of Grantor and State
- Article 13 – Successor Trustee(s) – Name and Mailing Address
- Schedule A – Review and Write in Schedule A the Property and Assets to be Transferred
- Signature Area – The Grantor and Trustee should authorize the document in the presence of a Notary Public.