Part VI - REVOCABLE TRUSTS (ss 736 0601-736 0604-2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin with Section 736.0601, which outlines the capacity required for the settlor. Ensure you understand that the same capacity needed to create a will is applicable here.
  3. Move to Section 736.0602, where you can indicate if the trust is revocable or irrevocable. If revocable, note how amendments can be made by one or more settlors.
  4. In Section 736.0603, clarify the powers of the settlor and any withdrawal rights. This section emphasizes that while the trust is revocable, duties are owed exclusively to the settlor.
  5. Finally, review Section 736.0604 regarding limitations on contesting the validity of a trust after the settlor's death. Make sure to note any deadlines for initiating such actions.

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