Combined Inter Vivos And Land Trust Agreement Template (Page 3 of 3) in pdf

The beneficiaries have the sole possession, management, and control of the selling, renting, repairing,

maintaining, and handling of the property, and the trustee shall have no right or duty in respect to any matters of this

nature. The beneficiaries have the right to execute leases and collect rents in their own name or through their agents.

The trustee shall have no right or duty in respect to the payment of taxes, assessments, insurance, litigation, or other

matters relating to the property, except on written direction accepted by it and after the payment to it of all money

necessary in its opinion to carry out the directions without liability to it. The beneficiaries are not the agents of the

trustee for any purpose and do not have any authority to contract or to execute leases or do any other act for or in

the name of the trustee or to obligate the trustee personally or as trustee.

The trustee shall not be required to execute any instrument containing covenants of warranty.

If any property remains in this trust twenty years from the date of this agreement or any extension of it, it shall be

sold at public sale by the trustee on reasonable notice as determined by it and the net proceeds of the sale shall be

divided among those who are then entitled to the proceeds under this agreement in the proportions in which they are

then entitled.

The trustee has signed and accepted this trust agreement the day and date written above.

_______________

[Signature of Trustee]

And on the day, stated above, the beneficiaries have signed this Declaration of Trust and Trust Agreement in

order to signify their assent to its terms.

_______________

[Signature of beneficiary]

Address and Telephone _________

_______________

[Signature of beneficiary]

Address and Telephone _________

Signature and address of any person(s) having a power of direction if other than a beneficiary:

_______________

[Signature of person]

Address and Telephone _________

Combined Inter Vivos And Land Trust Agreement Template Page 3