Irrevocable Living Trust Form (Page 5 of 8) in pdf

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.

Distribute Property. To make division or distribution in money or kind, partly in

either, at values to be determined by the Trustee, and the Trustee's judgement shall be binding upon

all interested parties.

Enter Contracts. To bind the Trust by contracts or agreements without assuming

individual liability for such contracts.

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.

Duration of Powers. To continue to exercise the powers provided in this Agreement

after the termination of the Trust until all the assets of the Trust have been distributed.

Hold Trust Assets as a Single Fund. To hold the assets of the Trust, shares, or

portions of the 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 the Trustee for accounting

purposes.

Compensation. To receive reasonable compensation for the Trustee's services under

this agreement and be exonerated from and to pay all reasonable expenses and charges of the Trust.

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; to make loans to trust beneficiaries to provide for the needs of the beneficiaries and

their families.

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;

custody and care of

the beneficiary. The Trustee shall not be obliged 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.

Continue Operation of Business. To carry on any business owned by the Trust or in

which the Trust may have an interest for such period of time as the Trustee deems advisable, or to sell

or liquidate such business interest.

Irrevocable Living Trust Form Page 5