Disclaimer: I am not an attorney. I don't give legal advice. I just make helpful comments. If you act on those comments without the advice of an attorney you do so at your own risk.
I'll answer your questions with a layman's interpretation along with comments.
I take it that you are Jane Doe, the beneficiary, and John Doe, the trustee is your husband. And desire is to inherit all of Uncle John's assets when he dies.
Yes. But you have to specify that in the trust.
Not directly.
Paragraph 22 says that the trust property is to be paid to Jane Doe upon the death of John Smith. A house will be deeded from the trust to Jane Doe, in her name. Money will be paid to Jane Doe.
Jane Doe is then free to convey the property and any money into a trust of her own.
I'm saying no to that for two reasons.
1 - There is nothing in the trust that says that is an option. If a trust doesn't specify that something is an option, then there is no such option.
2 - Upon the death of John Doe all of the trust's assets are to be conveyed to Jane Doe. Once that happens the trust terminates. Again, Jane Doe is free to reconvey the assets into her own trust or create a new trust with new beneficiaries.
As for the purposes:
I believe that the trust will accomplish that for any assets owned by the trust. However, once he receives income from the trust, that income can still be vulnerable and he, as an individual, can be subject to lawsuits and creditors.
By the way, I hope that the house gets "deeded" to the trust, and the titles to any vehicles retitled in the name of the trust, as well as any bank or investment accounts.
I noticed a paragraph saying that property was transferred and received. Make sure to follow through with an actual change of ownership.
The trust pays taxes on the income, possibly higher taxes than the individual. Check into that.
Again, not directly. The trust's assets get conveyed to Jane Doe. Jane can then convey the assets into her own trust provided that her own trust allows the conveyance into her trust.
Paragraph 5 of the Smith trust allows for that. Jane Doe's trust should have a similar paragraph.
So this is just a proposed document. An actual trust doesn't exist yet? Knowing that, here are some additional comments.
Paragraph 2 - No, it's not a life estate. Do an internet search for another way of wording that. I cannot be that specific.
Paragraph 3 - Make sure each asset becomes owned by the trust. Deed, titles, accounts, all have to be renamed to reflect the trust ownership. Just saying that something is owned by the trust doesn't count even if it's listed in the trust.
Paragraph 6 - Seems to me that paragraph makes the trust revocable. The word irrevocable means that the trust does not get amended or terminated during the life of the settlor. That being said, there are ways to effectively amend or terminate an irrevocable trust. Read the following article.
Can an Irrevocable Trust Be Amended? Here Are 5 Ways - Doane & Doane (doaneanddoane.com)
That's going to require something of a re-write. Looks like you don't need Paragraph 6 since you have Paragraph 21.
Paragraphs 7, 11, 14 and 16 - Looks self serving and an opportunity to raid the trust. I don't like them. But that's just me.
Paragraph 18 - I have no idea what you are trying to accomplish with that one. Looks like it's making the trust revocable.
Paragraph 20 - The intended beneficiary is obviously you. Name yourself as beneficiary lest some relative come out of the woodwork saying "I spent lots of time helping Uncle John on his farm. Prove I didn't." If you think you can't afford a lawyer now, that kind of litigation will put you in the poorhouse.
There is always the possibility that I have missed something or that I am wrong about something so I suggest, if you are going to do this without a lawyer, you study up on irrevocable trusts as much as you can.
You have referred to your goals and what you want.
What does Uncle John want?
Has he read the proposed trust?
Does he understand what it means to give up control of everything he owns?
Is he even mentally competent at 91 to create a trust.