Document background
The Revocable Trust Agreement serves as a crucial estate planning tool within the Dutch legal framework, despite trusts not being a native concept in Dutch law. It is primarily used when individuals seek to maintain control over their assets while creating a structured arrangement for their management and eventual distribution. This document becomes relevant when clients need flexibility in estate planning, want to avoid probate procedures, or desire privacy in asset management. The agreement must comply with Dutch Civil Code requirements and the Hague Trust Convention, incorporating specific provisions for asset transfer, trustee duties, beneficiary rights, and tax implications. It's particularly valuable for high-net-worth individuals, family businesses, and those with complex asset structures requiring sophisticated estate planning solutions.
