LIST OF FREE LEGAL FORMS
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No representation or warranty as to legality, accuracy, correctness or acceptance of these forms by any State or jurisdiction is indicated. Should you decide to use any of the forms in your legal affairs, consult with an attorney.
___________________________ of ________________ in the
County of _________________, have this day conveyed and
transfered to _____________________, a _________________ located
at and of _____________________, State of ______________,
TRUSTEE, the property as listed and set forth in Schedule A
attached hereto and made a part hereof, and the said Trustee
hereby makes and executes this Declaration of Trust and hereby
agrees for itself and its successors in effect, to hold said
property and any property from time to time added hereto IN TRUST
NEVERTHELESS upon the following uses and benefits, that is to
FIRST: The property shall be held, managed, invested and
re-invested by the Trustee, and its successor or successors, with
all the powers to the Trustee as herein provided.
SECOND: The Trustee shall divide the Trust Property into
equal shares for each of the beneficiaries, namely:
and shall pay to, or apply for the benefit of, said named
beneficiaries such amount, or amounts, of the net income and/or
principal from each of said shares as the Trustee in its
uncontrolled discretion may determine, any net income in any year
which is not paid to, or applied for the benefit of, the
beneficiary of each said share shall be added to the principal of
said share at the end of the year.
THIRD: The Trustee shall pay to each of said
beneficiaries the principal of the share held for his or her
benefit, free and discharged from any Trust in or within one (1)
year from the date of the death of the last surviving settlor
unless this trust is sooner revoked.
FOURTH: In extension and not in limitation of the powers
given them by law or other provisions of this instrument the
Trustee and any successor or successors shall have the full
power with respect to any property in any Trust established
hereunder, to deal with the same as if he/she were the owner
thereof without order or license of any Court.
FIFTH: The interest of each beneficiary in the income
and principal of a trust under this instrument shall be free from
the control or interference of any creditor of the beneficiary or
any spouse of a married beneficiary and shall not be subject to
attachment or susceptible of anticipation or alienation.
SIXTH: This Declaration of Trust is revocable and the
Settlor retains the power to alter, amend or revoke this
instrument either in whole or in part at any time. Revocation
shall be accomplished by a certificate of the Settlor delivered
to the Trustee personally or by certified mail.
IN WITNESS WHEREOF __________________ and ______________,
Settlors, and _____________________, Trustee, have hereunto set
their hands and seals this _____ day of __________ A.D.
In presence of:
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