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Pennsylvania Revocable Trust Dissolution Document
Should you be a resident of Philadelphia, Pittsburgh, Allentown, or any other Pennsylvania municipality and need to revoke a revocable living trust, the Pennsylvania Revocation of Revocable Trust Form is a simple method of legally revoking a revocable living trust. This guarantees that your intentions are well-documented and enforceable, i.e. Pennsylvania law.
Understanding Pennsylvania Law on Revocable Trusts
In Pennsylvania Consolidated Statutes, § 7752 the individual who established the trust (the settlor) has the right to revoke or update a trust when it does not say that the trust is irrevocable.
Where the trust is established or contributed by more than one settlor, and settlors may revoke or amend with respect to his or her contribution on the understanding that the other settlors will be aware of this action.
Revocation can be done by:
In accordance with the method named in the trust document, or
Unless the trust states a method (or the method is exclusive), through signing a subsequent writing which expressly refers to the trust or states the property is being revoked.
After the revocation, the trustee should give out the trust property as the settlor directs.
Common Reasons Pennsylvanians Revoke Their Trusts
Individuals in large towns such as Philadelphia, Pittsburgh and Allentown usually cancel their trusts due to:
Life Changes: Divorce, remarriage, birth or death of family members.
Updating Estate Plans: Restructuring of holdings or the establishment of a new trust.
Updating Estate Plans: Restructuring of holdings or the establishment of a new trust.
Major Life Events: Marriage, divorce, and the demise of a beneficiary.
Filling in the Revocation of Trust Form is the way to be certain that your intentions are legal and clear.
Steps to Complete the Pennsylvania Revocation of Revocable Trust Form
To revoke your trust properly:
Identify the Trust: Include the name of the trust and the date when it was created.
Express Your Intent Clearly: Use language such as, “I hereby revoke the [Name of Trust], dated [Date].”
Sign the Document: Sign under the signature of a notary.
Notify the Trustee: Give a copy of the signed notarized revocation.
Update Asset Titles: Move the assets that are already invested in the trust under the force of your personal name.
In the case of joint trusts (e., spouse), both parties must consent to the revocation.
Frequently Asked Questions About Revocation in Pennsylvania
Q1. What is a Revocation of Revocable Trust Form in Pennsylvania?
It is a legal form that is used to revoke a revocable living trust to make it destitute so that the trustee is no longer under a duty.
Q2. Do I need an attorney to revoke my trust in Pennsylvania?
Not necessarily. Many people can revoke their trust using the correct form and following Pennsylvania statutes. However, an estate planning attorney may be helpful for complex cases.
Q3. Can I revoke my trust at any time?
Yes, except when it is expressly mentioned in the trust that it is irrevocable.
Q4. Is notarization required?
Although not required by law, the notarization of the revocation gives additional legal force as well as prevents conflicts.
Q5. What happens after revoking the trust?
The trustee has to give away, or retitle property on your instructions, which will put an end to the legal capacity of the trust.
Why Using the Proper Form Matters
Unauthorized revocation may cause misunderstandings, conflicts between beneficiaries, or unwanted effects. The revocation of trust form helps to make sure your estate plan is based on your current wishes and it is legally binding.
Get Your Form
Want to revise your estate plan? Free Revocation of Revocable Trust Form Pennsylvania is available to download here. Sign and have your details filled in the presence of a notary, give one of the copies to your trust, see and retain the copy for yourself. By so doing, you will make sure that your revocation will be valid under Pennsylvania laws and that your intentions will be well upheld.