IRREVOCABLE TRUST AGREEMENT -- CANNOT BE REVOKED OR CHANGED.
TRUST AGREEMENT
This Irrevocable Trust Agreement is made this [day] day of [month],
19[year], between [Name], of [address], City of [city], State of
[State], herein referred to as Grantor, and [name], of [address], City
of [city], State of [state], herein referred to as Trustee.
In consideration of the mutual covenants and promises set forth herein,
Grantor and Trustee agree as follows:
1. Transfer of Trust. Grantor herewith assigns, transfers, and conveys
to Trustee the property described in Exhibit "A" attached hereto and
made a part hereof by this reference, and receipt of such property is
hereby acknowledged by Trustee. Such property, hereafter designated the
Trust Estate, shall be held by Trustee in Trust for the uses and
purposes and on the terms and conditions set forth herein.
2. Disposition of Principal and Income. Trustee shall administer and
manage the Trust Estate, collect the income there from, and, after
payment of all taxes and assessments thereon and all charges incident to
the management thereof, apply and dispose of the net income and the
principal of the Trust Estate as follows: [names and addresses of
beneficiaries]
________________________________________________________________________
________________________________________________________________________
3. Additions to Trust. Grantor and any other person shall have the
right at any time to add property acceptable to Trustee to the this
Trust. Such property, when received and accepted by Trustee, shall
become part of the Trust Estate.
4. Irrevocability of Trust. This trust shall be irrevocable and shall
not be revoked or terminated by Grantor or any other person, nor shall
it be amended or altered by Grantor or any other person.
5. Compensation of Trustee: The original Trustee hereunder, and all
Successor Trustees, shall be entitled to reasonable compensation for
their services as Trustee.
6. Successor Trustees: If [name] [Original Trustee] resigns or is unable
to continue to act as Trustee, [name] [Successor Trustee], of [address],
City of [city], County of [county], State of [state], is hereby
appointed as Successor Trustee.
7. Governing Laws: The validity, construction, and effect of this
agreement and the Trust created hereunder and its enforcement shall be
determined by the laws of the State of [state].
In Witness Whereof, Grantor and Trustee have executed this Agreement on
the date above written.
_________________________ _________________________
Grantor Trustee
_________________________ _________________________
Witness 1 Successor Trustee
_________________________
Witness 2
The foregoing instrument was acknowledged before me this [day] day of
[month], 19[year] by [name] [Grantor], [Name] [Trustee], and [name]
[Successor Trustee].
My commission expires: _________________________
Notary Public
_________________________
Date
Exhibit A [Separate Page]
[Listing of property included in this agreement]
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
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