Document background
The Revocable Deed of Trust is a vital legal instrument used in German estate and wealth planning to create a flexible asset management structure. This document is typically employed when individuals wish to establish a trust arrangement while maintaining control over their assets during their lifetime, with the ability to modify or revoke the trust as circumstances change. It is particularly useful for complex estate planning, asset protection, and succession planning under German law. The document must comply with the German Civil Code (BGB) and includes detailed provisions for trust administration, beneficiary rights, and trustee duties. It's commonly used by high-net-worth individuals, family businesses, and those seeking to establish structured asset management with clear succession planning while maintaining flexibility through the revocation right.
