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This Revocation of Living Trust form is to revoke a living trust. A living trust is a trust established during a person's lifetime in which a person's assets and property are placed within the trust, usually for the purpose of estate planning. This form declares a full and total revocation of a specific living trust, allows for return of trust property to trustors and includes an effective date. This revocation must be signed before a notary public.
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Interesting Questions
A Revocation Living Trust form is a legal document that allows individuals in Maryland to create a trust that can be modified or revoked during their lifetime. It is an alternative to a traditional will and helps in managing assets.
While a will only takes effect after your death, a Revocation Living Trust is active and can be modified or revoked during your lifetime. The trust helps in managing and distributing assets, potentially avoiding probate.
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