The Single Person Basic RLT is a Sole-Grantor Revocable Living Trust designed for a single person primarily wanting to avoid probate and to control the disposition of assets after death.

When funded properly, this trust will avoid the necessity of a conservatorship proceeding in the event of the grantor’s incapacity as well as probate of the trust estate at death.

A single person's estate may transfer up to the available exemption equivalent amount in the year of death ($1,500,000 in the years 2004-2005).

Any estate value exceeding the exemption amount will be subject to federal estate tax beginning at 45% with varying state transfer-tax rates.

Any immediate distributions to a qualified charity from this trust will receive an unlimited dollar-for-dollar charitable deduction.