Puerto Rico Joint Revocable Living Trust Template (Married Couples)

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What's Included

Attorney-style Puerto Rico Joint Revocable Living Trust for married couples. Drafted under P.R. Laws Ann. tit. 31, §§ 3101 et seq. (Puerto Rico Trust Act). Puerto Rico is a community property state; Puerto Rico is a community property jurisdiction under the Puerto Rico Civil Code; Article 91 et seq. governs marital property. Tax consideration: Puerto Rico has its own estate tax system. Covers co-trustee and successor trustee succession, incapacity administration, community and separate property funding, optional bypass/credit shelter sub-trust for estate tax planning, death distribution instructions for first and second deaths, 24 enumerated trustee powers, spendthrift clause, no-contest clause, pour-over will coordination, and a full supplemental PART II with a 40+ term glossary, execution guide, state-specific law, professional advisory guide, FAQ, and resources. Includes Schedules A-C for asset listing and a Puerto Rico notary acknowledgment block. Instant .docx download.