Trust Agreement Template printable pdf download

TRUST AGREEMENT

STATE OF ___________________________

COUNTY OF ___________________________

This Agreement, made and entered into this ___________________________, by and

between

___________________________

grantor(s)

and

beneficiary,

and

___________________________ (hereinafter called the Trustee), as trustee of this trust which is

hereby designated as ___________________________.

1. TRANSFER OF PROPERTY. For the purpose of making a gift to the beneficiaries under

this trust I, the grantor herein, have transferred, assigned and delivered and do hereby

transfer, assign, convey and deliver to the Trustee the property shown on the schedule hereto

attached and made a part hereof in trust for the uses and trusts hereinafter set out.

2. TRUST AS REVOCABLE. This trust shall be revocable, and the grantor herein expressly

reserves all right and power, whether alone, jointly or in conjunction with others, to alter,

amend, revoke or terminate this trust, or any of its terms, in whole or in part, including the right

to substitute a trustee upon notice to any existing trustee. Upon such notice, the then existing

trustee shall immediately turn over all books, records and property of this trust to the

substituted trustee named by the grantor herein.

3. DISTRIBUTION OF INCOME. The trustee shall pay or authorize the payment of all income,

earnings, avails and proceeds from said trust to the beneficiaries of this trust, to wit:

___________________________, during existence of ________________________.

4. BENEFICIARY RIGHTS. The interest of the named beneficiary shall consist solely of the

following rights respecting any property held by the trustee pursuant to the terms of this trust:

a. The right to receive the earnings, dividends, proceeds, rentals, transfers, sales, or other

dispositions of any trust property.

b. The right to select a financial institution which maintains trust property, if trust property is

the type which would normally be maintained by a financial institution, subject to any

limitations imposed by ___________________________ law or any other state in which

the trust maintains property and, if such property should consist of tangible property,

including but not limited to real estate, the right to select any manager or management

controlling company to manage said tangible property regarding the rental, leasing or

maintenance of such property;

c. The right to determine when any such trust property should be sold or otherwise conveyed.

The foregoing rights shall be deemed to be personal property and may be assigned and

otherwise transferred as such. The beneficiary shall have no legal or equitable right, title or

interest, as realty, in or to any real estate held in trust under this agreement, or the right to

require partition of such real estate, but shall have only the rights, as personalty, set out above,

and the death of the beneficiary shall not terminate this trust or in any manner affect the

powers of the trustee.

Trust Agreement Template