Trust Contract

 TRUST AGREEMENT

Date: [Date]

Parties Involved:

  • Grantor: [Grantor's Full Name], residing at [Address]
  • Trustee: [Trustee's Full Name]

1. Declaration of Trust

  • Trust Name: [Name of Trust]
  • Governing Terms: Governed by the terms of this Trust Agreement.

2. Trustee Appointment

  • Primary Trustee: [Trustee’s Full Name]
  • Successor Trustee: [Alternate Trustee’s Full Name], if needed.

3. Grantor Information

  • Name: [Grantor’s Full Name]
  • Address: [Address]

4. Beneficiaries

  • Primary Beneficiary 1: [Beneficiary's Full Name], [Relationship], residing at [Address]
  • Primary Beneficiary 2: [Additional Beneficiary's Full Name], [Relationship], residing at [Address]

5. Trust Assets

  • Asset 1: [Description of Asset 1]
  • Asset 2: [Description of Asset 2]

6. Terms of Distribution

  • Beneficiary 1: Receives [Specific Asset or Amount]
  • Beneficiary 2: Receives [Specific Asset or Amount]
  • Alternate Beneficiary: If a primary beneficiary predeceases the Grantor, their share goes to [Alternate Beneficiary’s Full Name]

7. Powers of the Trustee

  • Management: Manage and invest Trust assets.
  • Disposal: Sell or lease Trust assets as necessary.
  • Distribution: Distribute income and principal as directed.

8. Duration and Termination

  • Duration: Until [Termination Condition, e.g., the death of the last surviving beneficiary]
  • Termination: Remaining assets distributed as specified upon termination.

9. Amendment and Revocation

  • Amendments: Can be amended or revoked by the Grantor prior to [Specific Condition, e.g., the Grantor’s death] with a written instrument.

10. Dispute Resolution

  • Method: Disputes resolved through mediation before legal action.

Signatures:


Grantor: [Grantor’s Full Name]


Trustee: [Trustee’s Full Name]

[Notary Public, if required]

Comments

Popular Posts