Common use of Revocable Trusts Clause in Contracts

Revocable Trusts. Can the trust be amended or revoked at any time by its grantors: Yes o No o If yes, please answer the following questions relating to each grantor (please add sheets if necessary): Grantor Name: _________________________ Net worth of grantor (including spouse, if applicable), including home, home furnishings and automobiles exceeds $1,000,000? Yes o No o OR Income (exclusive of any income attributable to spouse) was in excess of $200,000 for 2006 and 2007 and is reasonably expected to be in excess of $200,000 for 2008? Yes o No o OR Income (including income attributable to spouse) was in excess of $300,000 for 2006 and 2007 and is reasonably expected to be in excess of $300,000 for 2008? Yes o No o

Revocable Trusts. Can the trust be amended or revoked at any time by its grantors: Yes o No o If yes, please answer the following questions relating to each grantor (please add sheets if necessary): Grantor Name: _________________________ Net worth of grantor (including spouse, if applicable), including home, home furnishings and automobiles exceeds $1,000,000? Yes o No o OR Income (exclusive of any income attributable to spouse) was in excess of $200,000 for 2006 and 2007 the prior two taxable years and is reasonably expected to be in excess of $200,000 for 2008the current taxable year? Yes o No o OR Income (including income attributable to spouse) was in excess of $300,000 for 2006 and 2007 the prior two taxable years and is reasonably expected to be in excess of $300,000 for 2008the current taxable year? Yes o No o

Revocable Trusts. Can the trust be amended or revoked at any time by its grantors: Yes o No o If yes, please answer the following questions relating to each grantor (please add sheets if necessary): Grantor Name: _________________________ Net worth of grantor (including spouse, if applicable), including home, home furnishings and automobiles exceeds $1,000,000? Yes o No o OR Income (exclusive of any income attributable to spouse) was in excess of $200,000 for 2005 and 2006 and 2007 and is reasonably expected to be in excess of $200,000 for 20082007? Yes o No o OR Income (including income attributable to spouse) was in excess of $300,000 for 2005 and 2006 and 2007 and is reasonably expected to be in excess of $300,000 for 20082007? Yes o No o

Revocable Trusts. Can the trust be amended or revoked at any time by its grantors: Yes o [ ] No o [ ] If yes, please answer the following questions relating to each grantor (please add sheets if necessary): Grantor Name: _________________________ Net worth of grantor (including spouse, if applicable), including home, home furnishings and automobiles exceeds $1,000,000? Yes o [ ] No o [ ] OR Income (exclusive of any income attributable to spouse) was in excess of $200,000 for 2006 2008 and 2007 2009 and is reasonably expected to be in excess of $200,000 for 20082010? Yes o [ ] No o [ ] OR Income (including income attributable to spouse) was in excess of $300,000 for 2006 2008 and 2007 2009 and is reasonably expected to be in excess of $300,000 for 20082010? Yes o [ ] No o[ ]

Revocable Trusts. Can the trust be amended or revoked at any time by its grantors: Yes o □ No o □ If yes, please answer the following questions relating to each grantor (please add sheets if necessary): Grantor Name: _________________________ Net worth of grantor (including spouse, if applicable), including home, home furnishings and automobiles exceeds $1,000,000? Yes o □ No o □ OR Income (exclusive of any income attributable to spouse) was in excess of $200,000 for 2006 and 2007 and is reasonably expected to be in excess of $200,000 for 2008? Yes o □ No o □ OR Income (including income attributable to spouse) was in excess of $300,000 for 2006 and 2007 and is reasonably expected to be in excess of $300,000 for 2008? Yes o □ No o□

Revocable Trusts. Can the trust be amended or revoked at any time by its grantors: Yes o No o If yes, please answer the following questions relating to each grantor (please add sheets if necessary): Grantor Name: _________________________ Net worth of grantor (including spouse, if applicable), including home, home furnishings and automobiles exceeds $1,000,000? Yes o No o OR Income (exclusive of any income attributable to spouse) was in excess of $200,000 for 2006 and 2007 and is reasonably expected to be in excess of $200,000 for 2008? Yes o No o OR Income (including income attributable to spouse) was in excess of $300,000 for 2006 and 2007 and is reasonably expected to be in excess of $300,000 for 2008? Yes o No o

Revocable Trusts. Can the trust be amended or revoked at any time by its grantors: Yes o No o If yes, please answer the following questions relating to each grantor (please add sheets if necessary): Grantor Name: _________________________ Net worth of grantor (including spouse, if applicable), including home, home furnishings and automobiles exceeds excluding the value of your primary residence $1,000,000? Yes o No o OR Income (exclusive of any income attributable to spouse) was in excess of $200,000 for 2006 2011 and 2007 2012 and is reasonably expected to be in excess of $200,000 for 20082013? Yes o No o OR Income (including income attributable to spouse) was in excess of $300,000 for 2006 2011 and 2007 2012 and is reasonably expected to be in excess of $300,000 for 20082013? Yes o No o

Revocable Trusts. Can the trust be amended or revoked at any time by its grantors: Yes o No o If yes, please answer the following questions relating to each grantor (please add sheets if necessary): Grantor Name: _________________________ Net worth of grantor (including spouse, if applicable), including home, home furnishings and automobiles exceeds $1,000,000? Yes o No o OR Income (exclusive of any income attributable to spouse) was in excess of $200,000 for 2006 2007 and 2007 2008 and is reasonably expected to be in excess of $200,000 for 20082009? Yes o No o OR Income (including income attributable to spouse) was in excess of $300,000 for 2006 2007 and 2007 2008 and is reasonably expected to be in excess of $300,000 for 20082009? Yes o No o

Revocable Trusts. Can the trust be amended or revoked at any time by its grantors: Yes o No o If yes, please answer the following questions relating to each grantor (please add sheets if necessary): Grantor Name: _________________________ Net worth of grantor (including spouse, if applicable), including home, home furnishings and automobiles exceeds $1,000,000? Yes o No o OR Income (exclusive of any income attributable to spouse) was in excess of $200,000 for 2006 2010 and 2007 2011 and is reasonably expected to be in excess of $200,000 for 20082012? Yes o No o OR Income (including income attributable to spouse) was in excess of $300,000 for 2006 2010 and 2007 2011 and is reasonably expected to be in excess of $300,000 for 20082012? Yes o No o

Revocable Trusts. Can the trust be amended or revoked at any time by its grantors: Yes o No o If yes, please answer the following questions relating to each grantor (please add sheets if necessary): Grantor Name: _________________________ Net worth of grantor (including spouse, if applicable), including home, home furnishings and automobiles exceeds $1,000,000? Yes o No o OR Income (exclusive of any income attributable to spouse) was in excess of $200,000 for 2006 2009 and 2007 2010 and is reasonably expected to be in excess of $200,000 for 20082011? Yes o No o OR Income (including income attributable to spouse) was in excess of $300,000 for 2006 2009 and 2007 2010 and is reasonably expected to be in excess of $300,000 for 20082011? Yes o No o

Revocable Trusts. Can the trust be amended or revoked at any time by its grantors: Yes o 🞏 No o 🞏 If yes, please answer the following questions relating to each grantor (please add sheets if necessary): Grantor Name: _________________________ Net worth of grantor (including spouse, if applicable), including home, home furnishings and automobiles exceeds $1,000,000? Yes o 🞏 No o 🞏 OR Income (exclusive of any income attributable to spouse) was in excess of $200,000 for 2006 and 2007 and is reasonably expected to be in excess of $200,000 for 2008? Yes o 🞏 No o 🞏 OR Income (including income attributable to spouse) was in excess of $300,000 for 2006 and 2007 and is reasonably expected to be in excess of $300,000 for 2008? Yes o 🞏 No o🞏

Revocable Trusts. Can the trust be amended or revoked at any time by its grantors: Yes o ¨ No o ¨ If yes, please answer the following questions relating to each grantor (please add sheets if necessary): Grantor Name: _________________________ Net worth of grantor (including spouse, if applicable), including home, home furnishings and automobiles exceeds $1,000,000? Yes o ¨ No o ¨ OR Income (exclusive of any income attributable to spouse) was in excess of $200,000 for 2006 2011 and 2007 2012 and is reasonably expected to be in excess of $200,000 for 20082013? Yes o ¨ No o ¨ OR Income (including income attributable to spouse) was in excess of $300,000 for 2006 and 2007 and is reasonably expected to be in excess of $300,000 for 2008? Yes o ¨ No o¨