ckilloy

What is the name of your state (only U.S. law)? Nevada

Trying to understand language in a revocable trust document set up my parents

What exactly does this statement mean? Each beneficiary or Trustee hereunder, by accepting benefits received under any Trust created hereunder, shall be deemed to have agreed to indemnify and hold all individual Trustees harmless from claims or liability for matters arising by reason of actions or failures to act by such trustee except as to this rise to liability as hereinabove stated.

That the trustee(s) can do what a reasonable person would do in order to follow the rules of the trust without being sued by the beneficiarie(s) or other trustees. (this is a very basic answer, btw)

this is why trust documents should not be written in lawyerese.