Irrevocable Living Trust Form (Page 4 of 8) in pdf

_______________________, ____________________________________.

If such beneficiary does not survive the Grantor, the Residuary assets shall be distributed to the heirs-

at-law of the Grantor as determined under the laws of the State of ____________________.

VI. TRUSTEE POWERS. The Trustee, in addition to other powers and authority granted by law or

necessary or appropriate for proper administration of the Trust, shall have the following rights,

powers, and authority without order of court and without notice to anyone.

Receive Assets. To receive, hold, maintain, administer, collect, invest and 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.

Receive Additional Assets. To receive additional assets from other sources, including

assets received by bequest.

Standard of Care. To acquire, invest, reinvest, exchange, retain, sell, and manage

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 of their funds, considering the

probable income as well as the probable safety of their capital. Within the limitations

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 way of limitation, bonds,

debentures and other corporate obligations, 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.

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.

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.

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

Trust.

Manage Property. To manage real estate and personal property, borrow money,

exercise options, buy insurance, and register securities as may appear to be proper.

Allocate Between Principal and Income. To male allocations of charges and credits as

between principal and income as in the sole discretion of the Trustee may appear to be proper.

Irrevocable Living Trust Form Page 4