Form Itself Contains

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We do offer a 30-day refund policy, and we will will gladly insert any modifications you request. See our Refund Policy for more details.

For an idea of what our trust form contains, here is a summary of each paragraph of our Trust. This is for informational purposes only and is not legal advice.

Summary:

Our whole document is nine (9) pages long. This is just a very abbreviated and simple summary so you can see if this is right for you. 

Introductory paragraphs: Identifies the jurisdiction, date and parties. Lists the grantor trustees and beneficiaries.

Paragraph 1: Declares the trust and gives it a name.

Paragraph 2: Reserves some rights of the grantor to revoke or amend.

Paragraph 3: Spendthrift Provisions.

Paragraph 4: Gives the Grantor the right to add additional assets to the trust.

Paragraph 5: Describes how income (if any) shall be distributed to parties.

Paragraph 5(a): States that all income from trust shall be paid to grantor as long as grantor is living.

Paragraph Paragraph 5(b): Provides for how distributions shall occur after the death of the grantor.

Paragraph 5 (c): States Trustee shall have power to encroach upon the corpus of this trust.

Paragraph 5 (d): Provides instruction for the distribution to minors.

Paragraph 5 (e): Provides instruction for the per Stirpes distributions to beneficiaries.

Paragraph 5 (f): States property distribution if there are no beneficiaries.

Paragraph 6: Describes the administration of the trust and responsibilities of the Trustees.

Paragraph 7: Provides instruction for terminating the trust.

Paragraph 8: Describes the powers and duties of the Trustees.

Paragraph 8(a): Provides Trustees instruction on holding property conveyed to trust by Grantor.

Paragraph 8(b): States Trustees’ power regarding Sell and Exchange, Lease and Grant Options.

Paragraph 8(c): States Trustees’ power to borrow any existing credit or loans.

Paragraph 8(d): Provides instruction to Trustees regarding the employment of agents, attorneys, brokers and employees.

Paragraph 8(e): Provides instruction to Trustees having power to cast votes.

Paragraph 8(f): Provides instruction for settlement and compromise of disputes.

Paragraph 8(g): Provides instruction for distribution in cash and in kind.

Paragraph 8(h): Provides instruction to Trustees regarding accounting, reporting, inventory and bonds.

Paragraph 8(i): States that there is no liability for Trustees.

Paragraph 9: Provides instruction regarding the incapacity of Grantor or Trustee.

Paragraph 10: Provides instruction for successor Trustees upon the death, incapacity or resignation of any Trustee.

Paragraph 11: States compensation rates of Trustee and schedule of compensation. (Which is later waived by trustees in the Schedule.)

Paragraph 12: States the rights of beneficiaries regarding all property in trust.

Paragraph 13: States the remaining miscellaneous provisions.

Paragraph 13(a): Provides homestead exemption instructions regarding residence and property.

Paragraph 13(b): States if  any provision unenforceable, then remaining provisions stay in effect.

Paragraph 13(c): Describes that this is the Entire Agreement.

Paragraph 13(d): States trust shall be governed by laws of the State and County listed.

 

 

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