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THE (name of trust)
I, __________________ of ______________ County, State of ____________, herein
referred to as "Grantor," do hereby create this Trust with the Trustees named
herein, on this _____ day of _____, 20xx, which Trust shall be known as the
DEFINITIONS AND RELATED PROVISIONS
A. Definition. The word "Trustee" and its related pronouns, when used
herein, includes the masculine, feminine, and neuter genders, as well as the
singular and plural, and shall apply to all individuals or institutions serving
in such capacity hereunder, including successor trustees.
B. Initial Trustees. __________________ and __________________ shall serve
as initial Co-Trustees of this Trust. In the event that either
__________________ or __________________ is unable to serve as Trustee for any
reason, then the other spouse shall serve as sole Trustee. The signature
of only one of the initial Trustees of the __________________ shall be required
for all Trust transactions.
C. Successor Trustee. In the event that neither __________________ nor
__________________ is able to serve as Trustee, __________________ shall serve
as successor Trustee. In the event __________________ is unable to so
serve, shall serve as successor Trustee.
D. Delegation. By written instrument delivered to the other Trustee, any
Co-Trustee may from time to time delegate to the other Trustee, any or all of
the former's rights, powers, duties and discretions.
E. Family Trust. The Trustee of the __________________ FAMILY TRUST
created hereunder shall be __________________. In the event that
__________________ is unable to so serve, __________________ shall serve as
successor Trustee thereof. In the event that __________________ is unable
to so serve, shall serve as successor Trustee thereof.
F. Marital Trust. In the event the __________________ MARITAL TRUST is
created hereunder, __________________ shall serve as successor Trustee thereof
G. Bond. No Trustee
shall be obligated to furnish a bond or to examine the accounts or actions of
any previous Trustee, nor shall any Trustee be responsible in any way for any
acts or omissions of any previous Trustee.
H. Reliance. Any person or corporation dealing with any Trustee of this
Trust may rely solely on the statement of authority of such Trustee without
further evidence thereof. The successor Trustee's receipt shall be
effective to release any person or corporation delivering property to the
successor Trustee and shall be binding upon every beneficiary thereof.
I. Resignation and Removal.
(1) Removal. During the existence and duration of the __________________
during the Grantor's lifetime, and so long as the Grantor is competent, the
Grantor shall have the absolute right to replace the Trustee, with or without
(2) Resignation. Each Trustee hereunder (whether originally designated
herein or appointed as successor) shall have the right to resign at any time by