This is a document that can be used to establish a valid trust. This document defines
the rights and obligations of the grantor, the trustee, and the beneficiaries under the
trust agreement. Additionally, the document provides for a description of the property
that will be placed in the trust under “Exhibit A.” This document can be used by
individuals that want to establish a valid trust for the benefit of certain beneficiaries.
This Trust Agreement is made on this ____ day of ___________ of _______ between Grantor and Trustee
(hereinafter the “Agreement”)
BETWEEN: ________________________ (hereinafter the "Grantor"),
[Comment: insert Grantor name/address]
AND: ________________________ (hereinafter the "Trustee"),
[Comment: insert Trustee name/address]
I. TRANSFER OF TRUST
Grantor herewith assigns, transfers, and conveys to Trustee the property described in Exhibit A attached
hereto and made a part hereof. Trustee hereby acknowledges receipt of such property. This property is hereby
designated the Trust Estate, to be held by Trustee in Trust for the purposes and uses and under the terms and
conditions set forth in this Agreement.
II. PROPERTY AND INCOME
Trustee shall administer and manage the Trust Estate and collect the income thereof. After payment of all
taxes and assessments and all charges incident to the management of said Trust Estate, Trustee shall apply and
dispose of the net income and the principal of the Trust Estate as follows:
[Comment: list names, addresses, relationship to grantor, and date of birth of all beneficiaries]
III. RIGHTS OF GRANTOR
Grantor shall have the right at any time to add property acceptable to Trustee to the Trust. Upon receipt and
acceptance of Trustee, such property shall become part of the Trust Estate.
The Grantor shall have the right to change, amend or alter any of the terms or provisions of this Trust
Agreement at any time. All changes, amendments or alterations must be written and will not become effective until
signed by the Trustee
The Grantor shall have the right to terminate this Trust Agreement, in whole or in part, at any time. Any
complete or partial termination shall become effective upon written notice to the Trustee.
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Upon the death of the Grantor, and if the Grantor's estate shall be subject to Federal estate tax, the Trustee
hereunder shall pay to the personal representative of the Grantor's estate, from the Trust, an amount equal to the
additional estate, inheritance, succession and other similar taxes, imposed by inclusion of the property in the Trust in
the Grantor's gross estate for tax purposes. Provided, however, that no such tax shall be paid from assets not subject
to the Federal estate tax.
V. SUCCESSOR TRUSTEES
If ________________ [Comment: insert name of Trustee] the Trustee resigns or is unable to continue to act
as Trustee, ________________ [Comment: insert name of the person who will succeed the original trustee] the
“Successor Trustee”, of ________________ [Comment: insert address], City of ____________, County of
____________, State of _______________, is hereby appointed as Successor Trustee.
VI. TRUSTEE COMPENSATION
The Trustee and all Successor Trustees shall be entitled to reasonable compensation for their services as
trustee and their responsibilities as pertain to the Trust Estate. __________________________ [Comment: detail
any relevant compensation schedule/amount. Example: The Trustee shall receive a monthly stipend of (amount)
for their administration and management of the trust estate. This amount shall be paid from the income of trust
properties as specified by the Grantor.]
In the event that any of the beneficiaries herein are minors at the time of any di