<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=Windows-1252">
<style type="text/css" style="display:none;"> P {margin-top:0;margin-bottom:0;} </style>
</head>
<body dir="ltr">
<div style="color: rgb(0, 0, 0); font-family: Calibri,Helvetica,sans-serif; font-size: 12pt;">
<p style="margin: 0in 0in 0pt; font-family: "Calibri",sans-serif; font-size: 11pt">
Anyone have experience dealing with individual Revocable Trusts for husband and wife?</p>
<p style="margin: 0in 0in 0pt; font-family: "Calibri",sans-serif; font-size: 11pt">
<o:p> </o:p></p>
<p style="margin: 0in 0in 0pt; font-family: "Calibri",sans-serif; font-size: 11pt">
Husband set up a revocable trust in Illinois, while he and wife were married. He is the only grantor and trustee. Wife is the remainder beneficiary.
</p>
<p style="margin: 0in 0in 0pt; font-family: "Calibri",sans-serif; font-size: 11pt">
<o:p> </o:p></p>
<p style="margin: 0in 0in 0pt; font-family: "Calibri",sans-serif; font-size: 11pt">
Husband and wife want a “traditional” Revocable Trust, with both of them on it. Because of complicated asset transfers with Illinois business interests, it’s impractical to just throw the old trust out.
</p>
<p style="margin: 0in 0in 0pt; font-family: "Calibri",sans-serif; font-size: 11pt">
</p>
<p style="margin: 0in 0in 0pt; font-family: "Calibri",sans-serif; font-size: 11pt">
I presume that I can’t add Wife as a Grantor on the old trust. Has anyone restated a trust like this (I’ve seen them come in from other states occasionally, where husband and wife each have their own revocable trust). Would it make sense to just add Wife
as Trustee and lifetime beneficiary and give her additional powers equal to the grantor? Or would it make more sense to draft a whole new RLT with Husband and Wife as Grantors, and just leave the Illinois property in Husband’s separate (unrevised) revocable
trust? </p>
<p style="margin: 0in 0in 0pt; font-family: "Calibri",sans-serif; font-size: 11pt">
<o:p> </o:p></p>
<p style="margin: 0in 0in 0pt; font-family: "Calibri",sans-serif; font-size: 11pt">
Any wisdom out there on this one? </p>
<p style="margin: 0in 0in 0pt; font-family: "Calibri",sans-serif; font-size: 11pt">
<o:p> </o:p></p>
<p style="margin: 0in 0in 0pt; font-family: "Calibri",sans-serif; font-size: 11pt">
<o:p> </o:p></p>
<p style="margin: 0in 0in 0pt; font-family: "Calibri",sans-serif; font-size: 11pt">
Jerry Sprute</p>
<p style="margin: 0in 0in 0pt; font-family: "Calibri",sans-serif; font-size: 11pt">
Law Office of Gerald A. Sprute</p>
<p style="margin: 0in 0in 0pt; font-family: "Calibri",sans-serif; font-size: 11pt">
P.O. Box 1657</p>
<p style="margin: 0in 0in 0pt; font-family: "Calibri",sans-serif; font-size: 11pt">
Duvall, WA 98019</p>
<p style="margin: 0in 0in 0pt; font-family: "Calibri",sans-serif; font-size: 11pt">
Tel / Text: (425) 892-4079</p>
<p style="margin: 0in 0in 0pt; font-family: "Calibri",sans-serif; font-size: 11pt">
FAX: (206) 519-6667</p>
<p style="margin: 0in 0in 0pt; font-family: "Calibri",sans-serif; font-size: 11pt">
<a href="http://www.sprutelaw.com">www.sprutelaw.com</a> </p>
<p style="margin: 0in 0in 0pt; font-family: "Calibri",sans-serif; font-size: 11pt">
<o:p> </o:p></p>
<br>
</div>
<div>
<div style="color: rgb(0, 0, 0); font-family: Calibri,Helvetica,sans-serif; font-size: 12pt;">
<br>
</div>
<div id="Signature">Law Office of Gerald A. Sprute<br>
P.O. Box 1657<br>
Duvall, WA 98019<br>
Tel: (425) 892-4079<br>
Fax: (425) 844-9151<br>
<a href="http://www.sprutelaw.com" target="_blank">www.sprutelaw.com </a><br>
<br>
<br>
<br>
<br>
<br>
<br>
<br>
<br>
<br>
<blockquote><b><span style="color:blue; font-size:7.5pt">Confidentiality Notice:</span></b><span style="color:blue; font-size:7.5pt"> The information contained in this communication is Confidential and may also be Attorney-Privileged.</span><span style="color:olive; font-size:10pt"></span><br>
<span style="color:olive; font-size:10pt"></span> <br>
<font size="1"><span style="color:blue; font-size:7.5pt"><font face="Palatino Linotype"><font color="#000040">The information contained in this communication is intended for the individual or entity <span class="ecxecxEC_EC_EC_462415623-27032009">to</span>
whom it is addressed.<span class="ecxecxEC_EC_EC_462415623-27032009"> </span></font></font></span></font><span style="color:blue; font-size:7.5pt"><font color="#000040" face="Palatino Linotype" size="1">If you are not the intended recipient or an agent responsible
for delivering it to the intended recipient, you are hereby notified that unauthorized viewing, dissemination, distribution or copying of this transmission is in violation of the Electric Communications Privacy Act of 1986 as well as the Domestic and International
Laws and Treaties. <span class="ecxecxEC_EC_EC_462415623-27032009"> </span>If you have received this communication in error, please immediately notify Gerald Sprute by telephone at 425.892.4079 and delete it from your system.</font> </span><br>
</blockquote>
<br>
</div>
</div>
</body>
</html>