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]
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