Trustee Resignation is provided to inform you about the document in question and assist you in its preparation.  It is imperative you get this Trustee Resignation following the appointment of a Trustee to represent your interests in any way.  You should get the Trustee to resign in one document in favor of yourself or your spouse or close relative, and in a second document, in favor of another of those parties.  This must be done after the first agreement has been signed, and better if done a few days later.  There is nothing to prevent you from first doing it at the initial closing contemporaneously with the close and then again a few days later.  Keep the resignations in your safe and only use them if you find the need to do so.  Again, an ounce of caution is better than a pound, or perhaps two!, of cure.  This prevents trouble if you ever have a falling out with a Trustee on this or other matters, which is an all too common experience.

Trustee Resignation

I, __________________, Trustee of __________________________________ do hereby resign on _______________ (Date) all of my Trustee responsibilities, rights, title, and any other interest whatsoever I may have or had in this trust or trusts.

Before resigning, I appoint __________________________________________ (Name and address) as the successor Trustee.

In witness thereof, I hereby sign my Resignation as Trustee of the above trust (s).

________________________

Trustee

________________________

Notary

________________________

Witness

Click Here To Download Trustee Resignation

Top Legal Forms:

• sample trustee resignation letter
• trustee resignation letter template
• trustee resignation letter format
• trustee resignation letter sample
• trustee resignation letter
• resignation letter of trustee samples
• Formal Letter of Resignation Trustee
• sample resignation of trustee
• resignation of trustee form
• examples of resignation letters for a trustee of a trust

Trust Declaration, Stocks is provided to inform you about the document in question and assist you in its preparation.  Trust Declarations give you protection from the attachment of assets held personally in your name.  They are useful both for this legal purpose and the financial one that it makes it all the tougher for an opposing attorney to pierce the trust veil, so to speak, if that is possible.  Therefore, an opposing attorney is more apt to stop pursuit of you if your assets are held in trust and therefore harder, if not impossible, to attach with a judgment.  Hence comes the term “Judgment Proof.”  Sweet music to the ears of those of us who are not lawyers.

You should also obtain a resignation of trustee document, provided in the trust area as well, and have it signed should you have a falling out with your trustee at a later date.  An ounce of prevention here can save the proverbial pound of cure.   More than a few people, including myself, have been saved by this cautionary move.  As the famous Mr. Dooley once said, “Trust everyone, but cut the cards.”  Amen.

 Suggestions:

1. Make sure you have two witnesses and a third to be absolutely safe in the trust area.   You should have the agreement notarized, to be on the safe side.

2. Make multiple copies and keep one with the specific transaction, another in your general financial agreements, and a third in your safe.

Trust Declaration, Stocks

This Trust Declaration made as of ____________ (Date), by and between ___________      (“Trustee”) and ________________________ (“Beneficiary”).

Whereas the Trustee is the registered owner of ___________ shares (“Shares”) of the corporation (“Corporation”); and the Shares are to be held by the Trustee as trustee and nominee for the Beneficiary;

Therefore this Declaration of Trust witnesses as follows:

I.          The Trustee hereby declares that he or she holds the Shares and all dividends and interest accrued or to be accrued upon the same upon trust for the Beneficiary and agrees to transfer the Shares as directed by the Beneficiary or otherwise deal with the Shares and the dividends and interest payable in respect of the same in such manner as the Beneficiary shall from time to time direct.

2.         The Trustee covenants and agrees that he or she shall at all times, exercise all voting rights in connection with the Shares and otherwise deal with the Shares as nominee for the Beneficiary only and in accordance with the instructions of the Beneficiary.

3.         The Trustee shall enter into, execute and deliver as nominee for the Beneficiary only, all such documents, instruments and other agreements as may from time to time be requested by the Beneficiary in connection with the Shares.

4.         The Trustee shall, at the request and expense of the Beneficiary, account to the Beneficiary for all sums received with respect to the Shares.

5.         The Trustee shall promptly transmit to the Beneficiary all notices, claims, demands or other communications which the Trustee receives relating to the Shares, including notices of shareholder meetings.

6.         The Beneficiary hereby releases the Trustee from any and all liability that the Trustee may incur in respect of any action taken by the Trustee either pursuant to the authorization or direction of the Beneficiary or pursuant to the terms of this Declaration of Trust.  The Beneficiary shall indemnify and hold the Trustee harmless from all liabilities of any kind and character that may arise out of any act or omission by the Trustee pursuant to the terms of this Declaration of Trust.

7.       This Declaration of Trust shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, executors, successors and assigns.

8. Notices.

Any notice required by this Agreement or given in connection with it, shall be in writing and shall be given to the appropriate party by personal delivery or a recognized over night delivery service such as FedEx.

If to the Trustee: _____________________________________________________.

If to the Beneficiary: ___________________________________________________.

9.  No Waiver.

The waiver or failure of either party to exercise in any respect any right provided in this agreement shall not be deemed a waiver of any other right or remedy to which the party may be entitled.

10.  Entirety of Agreement.

The terms and conditions set forth herein constitute the entire agreement between the parties and supersede any communications or previous agreements with respect to the subject matter of this Agreement.  There are no written or oral understandings directly or indirectly related to this Agreement that are not set forth herein.  No change can be made to this Agreement other than in writing and signed by both parties.

11.  Governing Law.

This Agreement shall be construed and enforced according to the laws of the State of ____________________ and any dispute under this Agreement must be brought in this venue and no other.

12.  Headings in this Agreement

The headings in this Agreement are for convenience only, confirm no rights or obligations in either party, and do not alter any terms of this Agreement.

13.  Severability.

If any term of this Agreement is held by a court of competent jurisdiction to be invalid or unenforceable, then this Agreement, including all of the remaining terms, will remain in full force and effect as if such invalid or unenforceable term had never been included.

In Witness whereof, the parties have executed this Agreement as of the date first written above.

_________________________                                              _______________________

Trustee                                                                                    Beneficiary

_________________________                                              _______________________

Witness One                                                                           Witness Two, Preferably a

Notary

_________________________

Witness Three

_________________

Date

Click Here To Download Trust Declaration, Stocks

Top Legal Forms:

• deed & declaration of trust free forms
• declaration of trust sample form
• shares trustee sample letter
• share holding in trust sample
• share declaration of trust free sample
• sample trust declaration
• sample letter for trustee of common stock
• sample declaration of trust share transfer
• sample declaration of trust agreement
• sample declaration of trust

Revocation of a Trust is provided to inform you about this document in question and assist you in its preparation.  As with most things, getting out of them is harder than getting into them.  Revoking a trust is no different.  You must be sure the Trustee distributes the assets prior to signing the revocation.  The Grantor should also review his or her pour-over will.  It is advisable to write a new will prior to revocation to avoid confusion and later expense.

 Suggestions:

1.  Make multiple copies.  Send one to each party having a copy of the original Trust.  Be sure to keep a complete file with the original Trust and this revocation as well.

Revocation of a Trust

I, _____________ (“Grantor”), do hereby revoke the ______________(“Trust”).

All assets remaining in the Trust shall be re-transferred to the Grantor.

______________________

Grantor

______________________

Acknowledged by Trustee

Date:

STATE OF  __________________.

COUNTY OF _________________.

This instrument was acknowledged before me on this  __ day of   ________, 20__, by Grantor, _____________, as his/her free act and deed.

___________________

Notary Public

My commission expires on:

Click Here To Download Revocation of a Trust

Top Legal Forms:

• sample revocation of trust
• revocation of trust sample
• revocation of trust template
• SAMPLE OF REVOCATION OF DEED OF TRUST
• example revocation of trust deed
• revolking a trust letter
• sample form for revocation of trust
• sample letters for revoking a trust
• deed of revocation for trust deed in malaysia
• sample revocation of trust deed

This review list is provided to inform you about this document in question and assist you in its preparation.  The purpose of this document is to be sure a nominee, or really a “straw” in the vernacular, remains just that.  It is very much in the owner’s interest to do this document even with the best of friends who, on occasion, can become not the best of friends.

1. Make multiple copies.  Give one to each signatory.  Keep one with the transaction file.

Nominee Agreement

This Agreement was made on ____________ between ___________ of ___________      (“Nominee”) and ________________ of ___________________   (the “Owner”).

Whereas Owner is the sole beneficial owner of the land described in Exhibit 1 to this Agreement, including all buildings and other fixed improvements thereon and all interests therein and rights appurtenant thereto;

AND it has been agreed between Nominee and Owner, at the request of Owner and as a matter of convenience, that for the time being the said land will be registered in the name of Nominee and that Nominee shall hold, as nominee for Owner on the terms and subject to the conditions hereinafter set forth, the said land and all related rights and interests (including without limitation those under agreements and other documents such as mortgages, charges, easements, leases, licenses and by-laws) that Owner may from time to time assign to Nominee (such land and related rights and interest are collectively called the “Real Property”), Nominee having itself no beneficial interest in the Real Property;

NOW in consideration of these premises and the mutual covenants, conditions and agreements herein contained, and for other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties hereto hereby covenant and agree as follows:

1.       Nominee hereby acknowledges, declares, covenants and agrees that:

(a)     Nominee will hold, as and from the date hereof, the Real Property, and all right, title and interest therein and benefit to be derived therefrom, as nominee for and on behalf of the Owner;

(b)     Nominee otherwise has no legal or beneficial interest in the Real Property; and

(c)     All other attributes of the beneficial ownership of the Real Property shall be and remain in Owner.

2.      Nominee covenants and agrees, subject to the indemnity hereinafter provided, that it shall at all times and from time to time deal with the Real Property as nominee for Owner only in accordance with the written or verbal instructions and directions of Owner and not otherwise; and that it will do no act relating to the Real Property without the express authorization and direction of Owner, and that it has no active or independent duties to perform in respect of the Real Property except as may be specifically provided for herein.

3.   Nominee shall enter into, and execute and deliver as nominee for Owner only, all such instruments, including, without limitation, all such documents, assignments, deeds, transfers, leases, subleases, assignments and surrenders of leases, mortgages, charges, hypothecs, servitudes, easements, licenses, privileges, management contracts, personal property security contracts and other agreements, (collectively called “instruments’) as may from time to time be requested by Owner in connection with the Real Property, including without limiting the generality of the foregoing a conveyance and transfer in registrable and/or other form(s) of all right, title and interest of Nominee in the Real Property.

4.      Nominee acknowledges, declares, covenants and agrees that all rents, profits, emoluments and other receipts and revenues of any nature or kind arising from the Real Property or the use thereof shall belong legally and beneficially to Owner, and that Nominee has no legal or beneficial interest in such rents, profits, emoluments and other receipts and revenues.  Nominee shall, subject to the rights of any mortgagee or other secured creditor, promptly remit to Owner all rents, profits, emoluments and other receipt and revenues of any nature or kind arising from the Real Property, which may be received by Nominee as nominal party to any instrument.  Nominee shall incur no liability to any person for making any such remittance as directed in any notice from any such mortgagee or other secured creditor, or, in the absence of such notice, pursuant to a direction from Owner.  Nominee shall, at the request and expense of Owner, account to Owner for all sums received with respect to the Real Property.

5.       Nominee shall promptly deliver to Owner all instruments with respect to the Real Property, together with all recording information relative thereto, to the extent that Nominee may come into possession of any thereof.

6.      Nominee shall promptly transmit to Owner copies of all notices, claims, demands or other communications, which Nominee may receive and which relate in any way to the Real Property.  Nominee, upon the request of Owner, shall be a nominal party to any action in response to or as a consequence of any such matter.  Any such action, proceeding, negotiation or other response shall be conducted by Owner, with counsel selected by him, and Nominee shall not, nor shall it be obligated to, take any such action itself, its only obligation being that of a nominal party thereto subject to the indemnity hereinafter provided.

7.      Owner acknowledges, declares, covenants and agrees that he shall be responsible for all encumbrances, charges, costs, expenses, losses, damages, claims, demands and liabilities in any way connected with or related to the Real Property (collectively called “expenses”), that Nominee has no active duties to perform in connection with the Real Property, and that all obligations (including any mortgage obligations), responsibilities, acts or omissions pertaining to the Real Property shall be the responsibility of and shall be performed or omitted to be performed by Owner.

8.       Owner hereby releases Nominee from any and all liability that Nominee may incur in respect of any action taken by Nominee either pursuant to the authorization or direction of Owner or pursuant to the terms of this Agreement.  Owner shall indemnify and hold Nominee harmless from all liabilities of whatsoever kind and character that may arise out of any act or omission by Nominee pursuant to the terms of this Agreement and from the said expenses, obligations and responsibilities during the entire period of time that the Real Property is vested in Nominee pursuant to this Agreement.

9.      It is understood and agreed between the parties hereto that the relationship between them shall be that of principal and bare nominee only, that there is no intention to create a relationship of partnership, or agency between Owner and Nominee, and that this Agreement should not be construed to create any trust, association or joint venture between Owner and Nominee.

10.     Each of the parties hereto covenants that it will from time to time as may be deemed necessary and requisite do all such acts and effect such further and other assurances as may be reasonable necessary or desirable to effect and carry out the true intent and purpose of this Agreement.

11.     This is the entirety of the Agreement.  No changes can be made except in writing and signed by both parties.  This Agreement shall be construed in accordance with and governed by the laws of the State of ________________.

12.     This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.

IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date first

written above.

__________________                        ____________________

Owner                                                 Nominee

__________________                        ____________________

Witness                                               Witness

Exhibit 1 Attached

Click Here To Download Nominee Agreement

Top Legal Forms:

• Sample Nominee Agreement
• nominee agreement sample
• agreement for nominee
• sample property nominee
• Sample Agreements
• Philippine legal nominee agreement forms
• owner agreements sample forms
• noninee agreement
• nominee agreement real estate form
• nominee agreement example

Living Trust is provided to inform you about this document in question and assist you in its preparation.  This is a straightforward Living Trust which can be modified as you see fit.  Your first action after setting it up is to transfer assets to it.

1. Make multiple copies.  Give one to each signatory.  Keep a copy in your home safe and another with the transaction file.
2. You can make this a Joint Living Trust by changing the language accordingly, to include your spouse.
3. You still need to make a will for many reasons, not the least of which is not all of your assets will be transferred into the trust, as a rule.
4. Remember to initial each page.

Living Trust

This Living Trust Agreement (“Agreement”), dated ____________, between __________

(“Grantor” or “Beneficiary”) of _________________ and _______________  (“Trustee”).

In consideration of the mutual covenants and promises set forth in this Agreement, Grantor and Trustee agree as follows:

1. PURPOSE.  The purpose of this Agreement is to establish a Trust to receive and manage assets for the benefit of Grantor during Grantor’s lifetime, and to further manage and distribute the assets of Trust upon the death of Grantor.

2. FUNDING OF TRUST.  This Trust shall be funded with assets transferred to this Trust by Grantor at the time of creating this Trust, or at any later time.  During the lifetime of Grantor, any interest in community property transferred into or out of this Trust shall retain its original character and such property shall not be commingled.  This Trust may also receive property from any person or entity that is acting under the authority granted to that person or entity by Grantor.  It is also expected that this Trust may receive assets pursuant to the terms of Grantor’s Last Will and Testament.

3. MANAGEMENT OF TRUST ASSETS.  Trustee shall manage and distribute Trust assets for the benefit of Grantor and Grantor’s successor(s) in interest in accordance with the terms of this Agreement.

4. PAYMENTS DURING GRANTOR’S LIFETIME.  During Grantor’s lifetime, Trustee shall pay all of the net income of this Trust, and also such sums from principal as Grantor may request at any time in writing, to or for the benefit of Grantor, or as Grantor may designate.  Such payments shall be made at least every __ days.  Grantor may change the amount of the payments at any time by providing written notice to Trustee.  Any excess income shall be added to principal at the discretion of the Trustee.

A. Payments During a “Disability” of Grantor.  During any period that Grantor has a “disability”, Trustee may pay to or for the benefit of Grantor such amounts of income and principal as Trustee believes in Trustee’s sole discretion to be required for (i) Grantor’s support, comfort and welfare, (ii) Grantor’s accustomed manner of living, or (iii) any purpose that Trustee believes to be in the best interest of Grantor.

B. Disability Defined For the purposes of this Trust. “Disability” shall mean a legal disability or the inability to provide prompt and intelligent consideration to financial matters by reason of illness or mental or physical disability.  The determination of whether Grantor has a disability shall be made by Grantor’s most recent attending physician.  Trustee shall be entitled to rely on written notice of that determination.

5. DEATH OF GRANTOR.  Upon the death of Grantor, and after the payment of Grantor’s just debts, funeral expenses, and expenses of last illness, the following distributions shall be made:

A. Specific Distributions.  The following specific distributions shall be made from the assets of the Trust.  However, such distributions (other than distributions, if any, to Grantor’s spouse) shall be made only if the Grantor’s spouse does not survive Grantor.  _______________________________________________________ shall be distributed to ____________________. If this beneficiary does not survive Grantor and Grantor’s spouse, this bequest shall be distributed with the residuary assets of this Trust.

B. Tangible Personal Property.  Upon the death of Grantor and subject to the preceding provisions of this Trust, all clothing, jewelry, automobiles, household furniture and furnishings, recreational equipment, all personal effects used by Grantor about Grantor’s person or home, and other items of tangible personal property shall be distributed to                                              ______________ of ________________.  If this person does not survive Grantor, the tangible personal property shall be distributed to _________________ of ___________.  If this person does not survive Grantor and Grantor’s spouse, the tangible personal property shall be distributed with the residuary assets of this Trust.

C.  Residuary Assets.  The residuary assets of this Trust shall be distributed to ________________ of ______________________. If such beneficiary does not survive Grantor and Grantor’s Spouse, the residuary assets shall be distributed to the following beneficiaries in the percentages as shown: __% to ___________ of ________________; __% to __________________ of ____________________ and __% to _____________ of _________________. If any of these people do not survive Grantor and Grantor’s spouse, this share shall be distributed proportionately to the other distributee(s) listed under this provision.

6.  TRUSTEE POWERS.  Trustee, in addition to other powers and authority granted by law or necessary or appropriate for proper administration of Trust, shall have the following rights, powers, and authority without order of court and without notice to anyone:

A. Receive Assets.  To receive, hold, maintain, administer, collect, invest ant re-invest the trust assets, and collect and apply the income, profits, and principal of the Trust in accordance with the terms of this instrument.

B. Receive Additional Assets.  To receive additional assets from other sources including assets received under the Will of Grantor or any other person.

C Standard of Care.  To acquire, invest, reinvest, exchange, retain, sell, and mortgage estate and trust assets, exercising the judgment and care, under the circumstances then prevailing, that persons of prudence, discretion and intelligence exercise in the management of their own affairs, not in regard to speculation but in regard to the permanent disposition their funds, considering the probable income as well as the probable safety of their capital.  Within the limitations of that standard, Trustee is authorized to acquire and retain every kind of property, real, personal or mixed, and every kind of investment, specifically including, but not by way of limitation, bonds, debentures and other corporate obligation, and stocks, preferred or common, that persons of prudence, discretion and intelligence acquire or retain for their own account, even though not otherwise a legal investment for trust funds under the laws and statutes of the United States or the state under which this instrument is administered.

D. Retain Assets.  To retain any asset, including uninvested cash or original investments, regardless of whether it is of the kind authorized by this instrument for investment and whether it leaves a disproportionately large part of the estate or trust invested in one type of property, for as long as the Trustee deems advisable.

E.    Dispose of or Encumber Assets.  To sell, option, mortgage, pledge, lease or convey real or  personal property, publicly or privately, upon such terms and conditions as may appear to be proper, and to execute all instruments necessary to effect such authority.

F.  Settle Claims.  To compromise, settle, or abandon claims in favor of or against Trust.

G. Manage Property.  To manage real estate and personal property, borrow money, exercise options, buy insurance, and register securities as may appear to be proper.

H. Allocate Between Principal and Income.  To make allocations of charges and credits as between principal and income as in the sole discretion of the Trustee may appear to be proper.

I. Employ Professional Assistance.  To employ and compensate counsel and other persons deemed necessary for proper administration and to delegate authority when such delegation is advantageous to the trust.

J. Distribute Property.  To make division or distribution in money or kind, or partly in either including disproportionate in-kind distributions, at values to be determined by Trustee, and Trustee’s judgment shall be binding upon all interested parties.

K. Enter Contracts.  To bind the Trust by contracts or agreements without assuming individual liability for such contracts.

L. Exercise Stock Ownership Rights.  To vote, execute proxies to vote, join in or oppose any plans for reorganization, and exercise any other rights incident to the ownership of any stocks, bonds or other properties of Trust.

M.  Duration of powers.  To continue to exercise the powers provided in this Agreement after the termination of Trust until all the assets of Trust have been distributed.

N. Hold Trust Assets as a Single Fund.  To hold the assets of Trust, shares, or portions of Trust created by this instrument as a single fund for joint investment and management, without the need for physical segregation, dividing the income proportionately among them.  Segregation of the various trust shares need only be made on the books of Trustee for accounting purposes.

0. Compensation.  To receive reasonable compensation for Trustee’s services under this

Agreement and be exonerated from and to pay all reasonable expenses and charges of Trust.

P. Loans to Beneficiaries.  To make loans to any trust beneficiary for the purpose of providing the beneficiary with the funds necessary to take advantage of exceptional business opportunities or to provide for the needs of the beneficiaries and their families.

Q. Methods of Distribution.  To make payments to or for the benefit of any beneficiary (specifically including any beneficiary under any legal disability) in any of the following ways: (a) directly to the beneficiary, (b) directly for the maintenance, welfare and education of the beneficiary, (c) to the legal or natural guardian of the beneficiary, or, (d) to anyone who at the time shall have custody and care of the person of the beneficiary.  Trustee shall not be obliged to see to the application of the funds so paid, but the receipt of the person to whom the funds were paid shall be full acquittance of Trustee.

7. ADDITIONAL TRUSTEE PROVISIONS.  These additional provisions shall apply regarding Trustee:

A. Grantor as Trustee.  If at any time Grantor is Trustee, Grantor may appoint a successor Trustee, to become effective immediately or upon any stated contingency, by making such designation in writing.  Such designee shall become the successor Trustee upon acceptance of the terms and conditions of this Agreement.

B. Successor Trustee.  If at any time a Trustee cannot serve because of the Trustee’s disability (as previously defined), death, or other reason, _______________ of ____________ is designated as the successor Trustee, without bond.  If such designee(s) is/are unable to serve for any reason, _______________ of _____________ is designated as the alternate successor Trustee, without bond.  Such designee(s) shall become the successor Trustee(s) upon acceptance of the terms and conditions of this Agreement.

C. Resignation of Trustee.  Any Trustee may resign by giving written notice to the beneficiaries to whom income could then be distributed.  Such resignation shall take effect on such date specified in the notice, but not earlier than thirty (30) days after the date of delivery of such written resignation unless an earlier effective date shall be agreed to by the income beneficiaries.

D. Adult Beneficiary Rights.  If Trustee resigns or for any reason ceases to serve as Trustee, and if the successor Trustee(s) designated by the Grantor, if any, fail or cease to serve as Trustee, then the adult beneficiaries to whom income could then be distributed, together with the adult beneficiaries to whom principal would be distributed if the Trust were then to terminate, may by majority action in writing appoint a successor Trustee.  If agreement of a majority of the beneficiaries cannot be obtained within sixty (60) days, a successor Trustee shall be appointed by the court having general jurisdiction of the Trust.  Any successor Trustee appointed shall have all the rights conferred upon the original Trustee and shall be bound by the provisions of this Trust.

E. Accounting.  Trustee shall provide an accounting to the Beneficiary (or beneficiaries) on at least a quarterly basis.  If a beneficiary has a “disability”, Trustee shall provide the accounting to a guardian or conservator, if any.

F.  Bond.  No bond shall be required of any Trustee.

8.  RIGHT TO DIRECT INVESTMENTS.  At any time that Trust has investments, and provided that Grantor does not have a “disability”, Grantor may direct any Trustee to purchase, sell, or retain any trust investment.

9.  REVOCATION OR AMENDMENT.  During Grantor’s lifetime, Grantor may revoke at any time, and/or the Grantor may amend, this Agreement by delivering to Trustee an appropriate written revocation or amendment, signed by Grantor.  If Trustee consents, the powers of revocation, but not the power of amendment, may be exercised by a duly appointed and acting attorney-in-fact for Grantor for the purpose of withdrawing assets from Trust.

10. GOVERNING LAW.  This Agreement shall be construed in accordance with the laws of the State ________________.

11. PERPETUITIES SAVINGS CLAUSE.  Despite any other provision of this Agreement to the contrary, trust created by this Agreement shall terminate no later than 21 years after the death of the last surviving beneficiary of this Agreement who is living at the time of the death of Grantor.

12. SEVERABILITY.  If any portion of this Agreement shall be held to be invalid or unenforceable for any reason, the remaining provisions shall continue to be valid and enforceable.  If a court finds that any provision of this Agreement is invalid or unenforceable, but that by limiting such provision it would become valid and enforceable, then such provision shall be deemed to be written, construed, and enforced as so limited.

13.  MISCELLANEOUS PROVISIONS.

A. Paragraph Titles and Gender.  The titles given to the paragraphs of this Trust are inserted for reference purposes only and are not to be considered as forming a part of this Trust in interpreting its provisions.  All words used in this Trust in any gender shall extend to and include all genders, and any singular words shall include the plural expression, and vice versa, specifically including “child” and “children”, when the context or facts so require, and any pronouns shall be taken to refer to the person or persons intended regardless of gender or number.

B. Thirty Day Survival Requirement.  For the purposes of determining the appropriate distributions under this Trust, no person or organization shall be deemed to have survived Grantor, unless such person or entity is also surviving (or in existence) on the thirtieth day after the date of the Grantor’s death.

C. Common Disaster.  If Grantor and Grantor’s spouse die under circumstances such that there is no clear or convincing evidence as to the order of their deaths, or if it is difficult or impractical to determine which person survived the death of the other person, it shall, for the purpose of distribution of Grantor’s life insurance, property passing under any will or other contracts, if any, and property passing under this Trust, be conclusively presumed that Grantor predeceased the death of Grantor’s spouse, and notwithstanding any other provision of this Trust, Grantor’s spouse (or Grantor’s spouse’s estate as the case may be) shall receive the distribution to which Grantor’s spouse would otherwise be entitled to receive without regard to a survivorship requirement, if any.

D. Liability of Fiduciary.  No fiduciary who is a natural person shall, in the absence of fraudulent conduct or bad faith, be liable individually to any beneficiary of Grantor’s trust estate, and Grantor’s trust estate shall indemnify such natural person from any and all claims or expenses in connection with or arising out of that fiduciary’s good faith actions or nonactions of the fiduciary, except for such actions or nonactions which constitute fraudulent conduct or bad faith.  No successor trustee shall be obliged to inquire into or be in any way accountable for the previous administration of the trust property.

E. Spouse.  Grantor is married to ____________ and all references in this Trust to “Grantor’s spouse” are references to _____________.

F. Children.  The names of Grantor’s children are: ______________________________.

All references in this Trust to ” Grantor’s child” or ” Grantor’s children” include the above child or children, and any other children born to or adopted by the Grantor after the signing of this Trust.

___________________________

Grantor

___________________________

Trustee

STATE OF _________________

COUNTY OF _______________

On this  __ day of   ______, 20__, before me personally appeared ________________, known to me to be the person described in and who executed the foregoing instrument as Trustee and acknowledged that he/she executed the same (in his/her authorized capacity) as his/her free act and deed.

__________________________

Notary Public

My Commission Expires on:

Click Here To Download Living Trust

Top Legal Forms:

• yhs-ifm1
• resignation of trustee letter
• sample living trust for single person
• trustee and trustor form samples
• Successor Trustee Acceptance Letter
• sample trust form
• sample of a living trust forms
• sample living trust form
• Sample Living Trust
• sample letter transfer stock to revocable living trust

Letter Requesting Transfer to Trust is provided to inform you about this document in question and assist you in its preparation.  Adapt this letter to fit the circumstances of the various parties you must contact to collect your assets, have them properly transferred to your new trust, and be prepared to follow-up diligently to be sure all of the paperwork is in order.  This is a serious and extended task.  Do not enter into it lightly or expect it to go smoothly.  You have just entered administrative hell….

Suggestions:

1. Set up a file for follow-up on all of these transactions.  Keep separate copies in each specific transaction file but also in the general file.
2. Follow-up by phone within 14 days of sending out each letter, if you have not heard back.
3. If you decide to revoke your Trust at any time, use the same approach in reverse.

Letter Requesting Transfer to Trust

Dear Sir or Madam:

This is to inform you that I intend to transfer the property described herein to ____________ (“Trust”).  This Trust is a ___________________Trust.  The undersigned is the Grantor and sole beneficiary.

Please acknowledge receipt of this letter and confirm that the intended transfer will not cause any undue adverse effect.  Please indicate your consent to the above transfer without any negative effect by signing and dating the enclosed copy of this letter and returning it to me in the enclosed envelope.

If I do not receive your reply objecting to the proposed transfer within thirty days from the above date, I will assume that you consent to the transfer and that there will not be an adverse effect from this transfer.

If you need me to fill out forms for your organization, please forward them to me at the address on this letterhead and I will do so immediately.

Thank you for your attention to this matter.

__________________

Grantor

Date:

Acknowledgment:     _____________________

Enc.  Second copy of letter for signature; self-addressed stamped envelope for return.

Click Here To Download Letter Requesting Transfer to Trust

Top Legal Forms:

• sample letter of transfer of property
• Legal trust letter
• letter to transfer item to trust
• sample legal forms of transfer
• sample letter for transfer trust
• sample letter of request
• sample letter requesting trust accounting
• sample letter to transfer account to trust

College Education Trust is provided to inform you about this document in question and assist you in its preparation.  This is a standard format for an educational trust.  Add and modify as you see fit.  The trust ends at 25, not 21.  Consider whether you believe this appropriate for your circumstances.

 Suggestions:

1.  Make multiple copies.  Give one to each relevant party.  Keep one with the transaction file.

College Education Trust

This College Education Trust Agreement (“Agreement” or “Trust”) is made effective as of ______________, between __________________, residing at ________________

(“Grantor”) and (“Trustee”).  This Trust shall be known as the ________________ College Education Trust, dated ______________. In consideration of the mutual covenants and promises set forth in this Agreement, the Grantor and the Trustee agree as follows.

1. Purpose / Irrevocable Trust.  The primary purpose of this Trust is to receive and manage assets for the health, education, and support of the beneficiary.                                        THIS TRUST IS IRREVOCABLE.  The Grantor realizes that the right to revoke or amend this Trust may be reserved, but that right is expressly waived.  This Trust is not subject to alteration, amendment, revocation, or termination by the Grantor or any other person.  The Grantor renounces any possible benefit from this Trust.

2. Funding of Trust.  This Trust is being funded initially with the amount of $________, the receipt of which is acknowledged by the Trustee.  Additional funding may be provided by (i) life time gifts made by the Grantor to this Trust, (ii) transfers made to this Trust as testamentary gifts by the Grantor, and (iii) such other transfers of property that may be made to this Trust from time to time by the Grantor or other persons.  The Trustee shall manage and distribute the Trust assets for the benefit of the Beneficiary in accordance with the terms of this Agreement.

3. Distributions to the Beneficiary.  Until the Beneficiary attains the age of 25 years, the Trustee may distribute to or for the sole benefit of the Beneficiary as much of the income and/or principal as the Trustee (in the Trustee’s sole discretion) may determine is necessary for the Beneficiary’s health, education, and support.  Any amount which the Trustee does not distribute to or for the benefit of the Beneficiary shall be accumulated and added to the principal of the Trust.  No distributions of principal or income shall be made to or for the Beneficiary which would have the effect of satisfying the Grantor’s legal obligation, if any, to support the Beneficiary.

4. Education.  For the purpose of making distributions under this Trust, the term “education” shall include reasonable costs for college, trade schools, job training, or other costs that reasonably develop income-earning capabilities.

5. Termination of the Trust at Age 25 Years.  When the Beneficiary attains the age of 21 years, the remaining trust assets shall be distributed to the Beneficiary and this Trust shall then terminate.

6. Continuation of Trust.  As an alternative to mandatory termination of this Trust at age 25 years, the Beneficiary may request that this Trust be continued.  If the Beneficiary makes a written request to continue this Trust within 60 days after the Beneficiary attains the age of 25 years, the Trustee shall continue the Trust until the Beneficiary attains the age of 30 years.

a. Distributions After Age 25 Years.  During this additional time period, all of the net trust income shall be paid to the Beneficiary at least annually.  In addition, the Trustee shall distribute to or for the benefit of the Beneficiary as much of the principal as the Trustee (in the Trustee’s sole discretion) may determine is necessary for the Beneficiary’s health, education, and support.  In making such distributions, the Trustee shall take into consideration any other income and property that is known by the Trustee to be available to the Beneficiary for the above purposes.

b. Termination of the Trust If the Trust Has Been Continued Past Age 25 Years.  When the           Beneficiary attains the age of 30 years, the remaining trust assets shall be distributed to the Beneficiary and this Trust shall then terminate.

7. Death of the Beneficiary.  If the Beneficiary dies before attaining the age at which this Trust shall terminate, the following provisions shall apply.

a. General Testamentary Power of Appointment.  The Beneficiary shall have a “general testamentary power of appointment” to distribute the remaining trust assets.  Having this power means that the Beneficiary may state in the Beneficiary’s last will and testament (or in some other written document that is signed by the Beneficiary and acknowledged before a notary public or similar official) who will receive the remaining trust assets, if the Beneficiary dies before attaining the age at which this Trust shall terminate.  The Beneficiary shall have the absolute discretion to state who the beneficiaries will be.  The beneficiaries may include the Beneficiary’s estate and/or creditors.  To validly exercise this power, the Beneficiary’s will (or other document) must specifically refer to this power.  Upon distribution of the trust assets, this Trust shall then terminate.

b. Alternate Distribution.  If the Beneficiary fails to validly exercise this general testamentary power of appointment, the Trustee shall distribute the remaining trust assets to the Beneficiary’s then surviving descendants on a “per stirpes” basis.  If the Beneficiary has no surviving descendants at such time, the remaining trust assets shall be distributed to the Beneficiary’s heirs-at-law.  Heirship shall be determined in accordance with the intestacy laws of New Hampshire then in effect.

c. Failure of the Trustee to Receive Notice.  If the Trustee does not receive actual notice of the existence of a will or other document exercising this general testamentary power of appointment within 90 days after the Beneficiary’s death, then the Trustee may distribute the trust assets under the prior paragraph as if such power had not been exercised.  However, if the power really has been exercised, this paragraph shall not prevent the beneficiary of such a power from enforcing the power as exercised.

d. Types of Distributions.  Distributions to a beneficiary may be made (i) outright to such beneficiary, (ii) to any other trust that has been created for such beneficiary or (iii) to a custodial account for such beneficiary under the applicable Uniform Transfers to Minors Act (or equivalent legislation).  The Trustee shall have the sole discretion to determine which alternative to use.

8. Limitations on Powers.  Notwithstanding any other provision of this Agreement to the contrary, the following limitations on powers shall apply.

a. No power granted to the Trustee in this Agreement or under law shall be construed to allow the Grantor, the Trustee, or any other person to purchase, exchange, or otherwise deal with or dispose of all or any part of the principal or income of this Trust for less than an adequate consideration in money or money’s worth, or to enable the Grantor to borrow all or any part of the principal or income of the Trust, directly or indirectly, without adequate interest or security.

b. No person, other than the Trustee acting in a fiduciary capacity, shall have or exercise the power to vote or direct the voting of any stock or other securities of the Trust, to control the investment(s) of the Trust either by directing investments or reinvestments, or to reacquire or exchange any property of the Trust by substituting other property.

9. Protection of Beneficiary.  The Beneficiary may not sell, assign, transfer, or pledge (or in any other manner dispose of or encumber) the Beneficiary’s interest in any part of the Trust.  The interest of the Beneficiary shall not be subject to assignment, anticipation, claims of creditors, or seizure by legal process.  If the Trustee believes that the Beneficiary’s interest is threatened to be diverted in any manner from the purposes of this Trust, the Trustee shall withhold the income and principal from distribution, and shall apply payment in the Trustee’s discretion in such manner as the Trustee believes shall contribute to the health, education, and support of the Beneficiary.  When the Trustee is satisfied that such diversion is no longer effective or threatened, the Trustee may resume the distributions of income and principal as authorized.

10. Trustee Powers.  Subject to the other provisions of this Agreement, and in addition to any other powers and authority granted by law or necessary or appropriate for proper administration of this Trust, the Trustee (and any successor trustee) shall have the following rights, powers, and authority, without order of court and without notice to anyone.

a. Receive Assets.  To receive, hold, maintain, administer, collect, invest and re-invest any trust assets, and collect and apply the income, profits, and principal of the trust in accordance with the terms of this Agreement.

b. Receive Additional Assets.  To receive additional assets from other persons and sources including assets by testamentary disposition; all such additional assets shall be held and administered under, and be subject to, the terms of this Agreement.

c. Retain Assets.  To retain any asset, including uninvested cash or original investments, regardless of whether it is of the kind authorized by this Agreement for investment and whether it leaves a disproportionately large part of the Trust invested in one type of property, for as long as the Trustee deems advisable.

d. Dispose of or Encumber Assets.  To sell, option, mortgage, pledge, lease or convey real or      personal property, publicly or privately, upon such terms and conditions as may appear to be proper, and to execute all instruments necessary to effect such authority.

e. Settle Claims.  To compromise, settle, or abandon claims in favor of or against the Trust.

f. Manage Property.  To manage real estate and personal property, borrow money, exercise options, buy insurance, and register securities as may appear to be proper.

g. Allocate Between Principal and Income.  To make allocations of charges and credits between principal and income as in the sole discretion of the Trustee may appear to be proper, and to create reserves for taxes, depreciation, and other lawful purposes.

h. Employ Professional Assistance.  To employ and compensate legal counsel and other persons deemed necessary for proper administration, and to delegate authority when such delegation is advantageous to the Trust.

i. Distribute Property.  To make division or distribution in money or kind, or partly in either, at values to be determined by the Trustee, and the Trustee’s judgment shall be binding upon all interested parties.

j. Enter Contracts.  To bind the Trust by contracts or agreements without assuming individual liability for such contracts.

k. Exercise Stock Ownership Rights.  To vote, execute proxies to vote, join in or oppose any plans for reorganization, and exercise any other rights incident to the ownership of any stocks, bonds, or other properties of the Trust.

l. Duration of Powers.  To continue to exercise the powers provided under this Trust notwithstanding the termination of the Trust until all of the assets of the Trust have been distributed.

m. Compensation and Expenses.  To receive reasonable compensation for trustee services provided under this Agreement and be exonerated from and to pay all reasonable expenses and charges of the Trust.

n. Standard of Care.  To acquire, invest, reinvest, exchange, retain, sell, and manage trust assets, exercising the judgment and care, under the circumstances then prevailing, that persons of prudence, discretion, and intelligence exercise in the management of their own affairs, not in regard to speculation but in regard to the permanent disposition of their funds, considering the probable income as well as the probable safety of their capital.  Within the limitations of that standard, the Trustee is authorized to acquire and retain every kind of property, real, personal or mixed, and every kind of investment, specifically including, but not by a way of limitation, bonds, mutual funds, debentures and other corporate obligations, and stocks, preferred or common, that persons of prudence, discretion, and intelligence acquire or retain for their own account.

o. Methods of Distribution.  To make payments to or for the benefit of the Beneficiary (including the possibility that the Beneficiary might be under a legal disability) in any of the following ways: (a) directly to the Beneficiary; (b) directly for the health, education, and support of the Beneficiary; (c) to the legal or natural guardian of the Beneficiary; or (d) to anyone who at the time shall have custody and care of the person of the Beneficiary.  The Trustee shall not be obligated to see the application of the funds so paid, but the receipt of the person to whom the funds were paid shall be full acquittance of the Trustee.

p. Loans.  To make loans to the Beneficiary for housing and support needs, educational purposes, or to take advantage of an exceptional business opportunity.

11. Trustee Provisions.  These additional provisions shall apply regarding the Trustee (and any successor Trustee).

a. Successor Trustee.  If at any time a Trustee cannot serve because of the Trustee’s disability (as previously defined), death, resignation, or other reason, ______________is appointed as the successor Trustee.  If such appointee is unable to serve for any reason, __________________ is appointed as the alternate successor Trustee.

b. Financial Reports.  The Trustee shall provide financial reports to the Grantor on at least an annual basis as long as the Grantor is living.  After such time, financial reports shall be provided at least annually to the Beneficiary.  If the Beneficiary is under any legal incapacity, the financial reports shall be provided to the Beneficiary’s guardian (natural or otherwise) or conservator.  Financial reports shall include a balance sheet that lists the assets and their values, an income statement that shows income and expenses, and a listing of distributions on behalf of the Beneficiary.

c. No Bond.  No bond shall be required of any Trustee, unless required by law.

d. Institutional Trustee.  Any institutional trustee serving under this Trust must have a total capital account of at least fifteen million dollars, have an established Trust Department or Trust Division, and must be qualified to act as a trustee under the laws of the United States or any state of the United States.  The acceptance of trusteeship by any institutional trustee is full evidence of its agreement to these provisions.

e. Liability of the Trustee.  The Trustee shall have liability only for the Trustee’s acts and omissions that are made in bad faith.  Further, a successor Trustee shall not be liable for any acts or omissions of any prior Trustee.

12. Non-Court Trust.  Unless required otherwise by law, the Trustee shall administer this Trust as a non-court trust, without the necessity of notice to or approval of any court or person.  As provided by law, the Trustee may petition a court to take jurisdiction over this Trust.

13.  Governing Law.  This Agreement shall be construed in accordance with the laws of the State of ________________.

_____________________

Grantor

_____________________

Trustee

STATE OF ____________________

COUNTY OF

This Trust instrument was acknowledged before me on this _______ day of ______, 20__.

______________

Notary Public

My Commission expires:

Click Here To Download College Education Trust

Top Legal Forms:

• examples of educational trust documents

Charitable Trust is provided to inform you about this document in question and assist you in its preparation.  This is a standard charitable trust.  Feel free to add or modify it as appropriate.

 Suggestions:

1. Make multiple copies.  Give one to each signatory.   Keep one in your home safe.  Put one in your home safe.

Charitable Trust

The purpose for creating this trust is to promote ________________________________

I,  ___________, trustor, create a trust fund of the property listed in Schedule A attached and incorporated by this reference, which I have delivered today to ____________.

I hereby give, transfer, and deliver the property described in Schedule A to the trustees in trust for the purposes stated.

The name of this trust shall be the _____________.

Trustor and Trustee, hereby agree as follows:

TRANSFER OF CORPUS

Trustor hereby gives and transfers to trustees the property described in the attached schedule together with its income and profits and any other sums that may be transferred to trustees or their successors pursuant to the terms of this agreement, to hold in trust for the uses and purposes set forth in this agreement.

INVESTMENT AND APPLICATION OF TRUST FUND AND INCOME

The trustees shall hold the trust fund and, in their discretion, invest it or parts of it in securities in which trustees are permitted to invest under applicable laws.  The trustees from time to time in their own discretion may invest the income to the charitable uses and purposes described above solely by means of contributions to any charitable corporation, trust, community chest, fund, or foundation which at the time of the contribution by the trustees is one of those organizations described in the IRS Code of the United States, contributions to which are deductible for income tax purposes.

Trustees shall make distributions at such times and in a manner as not to subject the trust to tax and shall not act in any self-dealing as described in Section 4941 of the Internal Revenue Code. Trustees shall not retain any excess business holdings as defined in Section 4943 of the Internal Revenue Code and shall not make any investments as defined in Section 4944 of the Internal Revenue Code nor make any taxable expenditure, which would subject the trust or corporate trustee to tax under Section 4945 of the Internal Revenue Code.

RESTRICTIONS ON USE OF TRUST FUND

The trust fund and the income of the trust fund shall be used only for the purposes described above and shall not be used to benefit or inure any private person or corporation, except for the corporate trustee. No part of this trust shall be used for political purposes.

ADDITIONAL GIFTS TO FUND

Anyone from time to time may contribute to the trust corpus money or property to the trust, subject to the approval of the trustees.

TRUSTEES ACTIONS

The trustees shall not be responsible for any error or decision which is absent of bad faith.

TRUSTEES COMPENSATION

The corporate trustee shall be reimbursed from time to time as decided by the trustor and be paid by the trust. All expenses incurred through the administration of the trust fund shall be paid by the Trustor. The individual trustees shall serve without compensation.

DECISIONS OF THE TRUST

Any action by the trustees must be in writing and signed by a majority of the trustees and shall be filed with the corporate trustee.

CONTROL OF FUNDS

The corporate trustee shall have exclusive custody of the securities, cash, and other property of the trust fund.

SUCESSION OF TRUSTEES

In the case of a death or resignation of one of the trustees, the successor shall be appointed by the remaining trustees. The remaining trustees shall have full power to act under this agreement until a new trustee is appointed.

GIFTS IRREVOCABLE

Gifts made into the trust under this agreement shall be irrevocable. If it is determined that this trust is not tax exempt after making contributions or gifts in the manner and to the extent provided by the Internal Revenue Code, then such gifts as remain in the fund shall be given to a qualified tax exempt charitable organization selected by trustees to best carry out the purpose of this trust. This trust shall thereupon terminate.

_____________________________

TRUSTOR

_____________________________

TRUSTEE

Click Here To Download Charitable Trust

Top Legal Forms:

• Sample Charitable Remainder Trust Agreement
• charitable gift trust samples
• sample charitable trust
• irs charitable trust agreement
• sample of trust by laws
• IRS DECLARATION OF CHARITABLE TRUST
• free sample charity trust
• charitable trust example
• sample charitable trust agreement
• sample charitable trust agreements

Charitable Remainder Trust is provided to inform you about this document in question and assist you in its preparation.  This is a standard charitable remainder trust.  You should add or delete items as appropriate.

 Suggestions:

1. Make multiple copies.  Give one to each signatory.  Keep one in your home safe.  Keep one in the related transaction file.

Charitable Remainder Trust

______________________________, referred to as the DONOR, herewith establishes a charitable remainder unitrust, within the meaning of Rev. Pro. 89-20 and section 664(d)(2) of the Internal Revenue Code, and hereby creates the ______________________________ Charitable Remainder Unitrust; and designates _________________________ to act as the INITIAL TRUSTEE.

The DONOR transfers to the INITIAL TRUSTEE the following described property:

______________________________________________________

to be held strictly in trust for the purposes and under the terms and conditions set forth herein.

The trustee shall pay to a living individual (“recipient”) in each taxable year of the trust during the recipients life a unitrust amount equal to at least five percent of the net fair market value of the assets of the trust valued as of the first day of each taxable year of the trust (“valuation date”). The unitrust amount shall be paid in equal quarterly amounts from income and, to the extent that income is not sufficient, from the trust principal.

The trustee shall operate the trust in accordance with the laws of the state of ___________________. However, the trustee shall not exercise any power or discretion granted under such laws that would result in a disqualification of the trust under section 664(d)(2) of the Internal Revenue Code.

The trustee shall not be precluded from investing trust assets in a manner possibly resulting in the annual realization of a reasonable amount of income or gain from the sale or disposition of assets.

In the event that the income exceeds the unitrust amount, the surplus shall be added to the principal of the trust.

If the net fair market value of the trust assets is incorrectly determined then within a reasonable time after the value is finally determined, then within a reasonable period after the value is finally determined for federal income tax purposes, the trustee shall:

In the event of an overpayment resulting from an overvaluation, collect the amount of the overpayment from the recipient;

In the event of an underpayment resulting from an undervaluation, pay the amount of the underpayment to the recipient.

In determining the unitrust amount, the trustee shall prorate the amount on a daily basis for a short taxable year and for the taxable year of the recipient’s death.

Upon the death of the recipient, the trustee shall distribute the corpus of the trust, inclusive of interest and principal, except for any amounts due to the recipient’s estate, to ______________________, (the charity). In the event that the charity is not an organization described in sections 170(c), 2055(a) and 2522(a) of the Internal Revenue Code at the time when any distributions are to be made to the Charity, the trustee shall distribute such principal and interest to any such organization, in trustee’s sole discretion.

The income of the trust for each taxable year shall be distributed at such time and in such manner as not to subject the trust to tax under section 4923 of the Internal Revenue Code. Except for the payment of the unitrust amount to the recipient, the trustee shall not engage in any act of self-dealing as defined in section 4941(d) of the Internal Revenue Code, and shall not make any taxable expenditures as defined in section 4945(d) of the Internal Revenue Code. The trustee shall not make any investments that jeopardize the charitable purpose of the trust, within the meaning of section 4944, Internal Revenue Code, or retain any excess business holdings, within the meaning of section 4943.

If any additional contributions are made to the trust after the initial contribution, the unitrust amount for the year in which the additional contribution is made shall be five percent of the sum of (a) the net fair market value of the trust assets as of the first day of the taxable years (excluding the assets so added and any income form, or appreciation and gain on such assets) and (b) the proportion of the value of the assets so added that was excluded under (a) that the number of days in the period that begins with the date of contribution and ends with the earlier of the last day of the taxable year or the recipient’s death bears to the number of days in the period that begins on the first day of such taxable year and ends with the earlier of the last day in such taxable year or the recipient’s death. In the case where there is no valuation date after the time of contribution, the assets so added shall be added at the time of contribution.

The donor reserves the right to dismiss the trustee and to appoint a successor.

The trust is irrevocable, however, the trustee shall have the power, acting alone, to amend the trust in any manner which is required for the sole purpose of continuation of the trust’s qualification as a charitable remainder unitrust within the meaning of section 664(d)(2) of the Internal Revenue Code.

Dated: ________________

__________________________________

DONOR

__________________________________

TRUSTEE

The TRUSTEE herewith acknowledges receipt of the trust assets described above.

Dated: ________________

__________________________________

TRUSTEE

Click Here To Download Charitable Remainder Trust

Top Legal Forms:

• sample charitable remainder trust
• CONSENT LETTER FOR cHARITABLE REMAINDER TRUST
• examples of charitable remainder trust
• Sample forms of Remainder Unitrust for One Life

Bill of Transfer to a Trust is provided to inform you about this document in question and assist you in its preparation.  Your spouse should sign to eliminate any future contention that he or she had any right, title, or interest in the property transferred.

 Suggestions:

1.          Make multiple copies.  Keep copies with all of the original trust documents.  Remember to perfect any interests in the actual stock certificates, deeds, or any other such things relating to the property transferred.  Although this is not strictly necessary, it will simplify and reduce the costs of administering these assets in the future—as well as reducing any room for dispute, especially after the various statutes of limitation time limits attach and go into full force and effect.

Bill of Transfer to a Trust

I, ________________ (“Grantor”), and my spouse, ______________, hereby sell, transfer, and assign to the Trustee of the ____________ (“Trust”), all of our right, title and interest in the assets(s) described on the attached Schedule A.

__________________

Grantor

__________________

Grantor Spouse

Date:

Click Here To Download Bill of Transfer to a Trust

Top Legal Forms:

• free bill of transfer to a trust