Common use of Revocable Trusts Clause in Contracts

Revocable Trusts. Can the trust be amended or revoked at any time by its grantors? 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) exceeds $1,000,000? Note: When determining net worth, the value of the grantor’s primary residence must be excluded. The related amount of indebtedness secured by the grantor’s primary residence up to its fair market value should also be excluded. However, indebtedness secured by the grantor’s primary residence in excess of the value of the grantor’s home should be considered a liability and deducted from the grantor’s net worth. YES_______ NO_______ Income (exclusive of any income attributable to spouse) was in excess of $200,000 for 2016 and 2017 and is reasonably expected to be in excess of $200,000 for 2018? YES_______ NO_______ Income (including income attributable to spouse) was in excess of $300,000 for 2016 and 2017 and is reasonably expected to be in excess of $300,000 for 2018? YES_______ NO_______

Revocable Trusts. Can the trust be amended or revoked at any time by its grantors? YES_______ NO_______ 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) exceeds $1,000,000? Note: When determining net worth, the value of the grantor’s primary residence must be excluded. The related amount of indebtedness secured by the grantor’s primary residence up to its fair market value should also be excluded. However, indebtedness secured by the grantor’s primary residence in excess of the value of the grantor’s home should be considered a liability and deducted from the grantor’s net worth. YES_______ NO_______ YES NO Income (exclusive of any income attributable to spouse) was in excess of $200,000 for 2016 and 2017 and is reasonably expected to be in excess of $200,000 for 20182021? YES_______ NO_______ YES NO Income (including income attributable to spouse) was in excess of $300,000 for 2016 and 2017 and is reasonably expected to be in excess of $300,000 for 20182021? YES_______ YES NO_______

Revocable Trusts. Can the trust be amended or revoked at any time by its grantors? YES_______ NO_______ 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) exceeds $1,000,000? Note: When determining net worth, the value of the grantor’s primary residence must be excluded. The related amount of indebtedness secured by the grantor’s primary residence up to its fair market value should also be excluded. However, indebtedness secured by the grantor’s primary residence in excess of the value of the grantor’s home should be considered a liability and deducted from the grantor’s net worth. YES_______ NO_______ YES NO Income (exclusive of any income attributable to spouse) was in excess of $200,000 for 2016 and 2017 and is reasonably expected to be in excess of $200,000 for 2018? YES_______ NO_______ YES NO Income (including income attributable to spouse) was in excess of $300,000 for 2016 and 2017 and is reasonably expected to be in excess of $300,000 for 2018? YES_______ YES NO_______

Revocable Trusts. Can the trust be amended or revoked at any time by its grantors? YES_______ NO_______ 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) exceeds $1,000,000? Note: When determining net worth, the value of the grantor’s primary residence must be excluded. The related amount of indebtedness secured by the grantor’s primary residence up to its fair market value should also be excluded. However, indebtedness secured by the grantor’s primary residence in excess of the value of the grantor’s home should be considered a liability and deducted from the grantor’s net worth. YES_______ NO_______ Yes o No o Income (exclusive of any income attributable to spouse) was in excess of $200,000 for 2016 2008 and 2017 2009 and is reasonably expected to be in excess of $200,000 for 20182010? YES_______ NO_______ Yes o No o Income (including income attributable to spouse) was in excess of $300,000 for 2016 2008 and 2017 2009 and is reasonably expected to be in excess of $300,000 for 20182010? YES_______ NO_______Yes o No o