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 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 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 exceeds $1,000,000 (including spouse, if applicable, real estate (excluding personal residence), including homeautomobiles, home furnishings cash, short-term investments, stock and automobiles exceeds $1,000,000securities. Equity in personal property and real estate should be based on the fair market value of such property less debt secured by such property) ? Yes o No o 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 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 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 □ 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 □ 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 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 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 2009 and 2007 2010 and is reasonably expected to be in excess of $200,000 for 20082011? Yes o No o 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 🞏 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 🞏 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 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 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 YES NO 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 YES NO 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 YES NO 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 oYES NO

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 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 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