the successor trustees shall be exonerated from any liability in connection with the making of such discretionary payments. the trustee shall not be under any duty to see to the application of the payments so made and the receipt by such person shall be full acquittance to the trustee. if at any time the trustee, in his sole discretion, shall determine that the continuance of any trust created under this instrument is unwarranted in view of its size, the trustee may terminate such trust and distribute the balance thereof to the beneficiary or beneficiaries for whom the trust is named. notwithstanding any provision contained herein to the contrary, the trustee (including any successor trustee or trustees) shall have the power to merge any trust created under this instrument with any other trust or trusts created by me if the terms of any such trust or trusts are substantially similar and held for the primary benefit of the same persons.
such right of removal shall be exercised by giving written notice to such trustee and to the remaining trustee or trustees, if any, and, upon the acceptance of the trust by the remaining or successor trustee or trustees and the transfer of the trust property or any portion thereof, as the case may be, the removed trustee shall cease to be a trustee of any such trust hereunder. the revocation of any such power of attorney shall be in writing and delivered to the corporate trustee or to all such other trustees, as the case may be. the powers reserved to me under this paragraph are personal to me and shall not be assignable or extend to any other person, including the personal representative of my estate or any beneficiary named herein. this instrument shall be construed and regulated in all respects by the laws of the state of _______________.
third: a. the principal and income of all property received and accepted by the trustees to be administered under this declaration of trust shall be held in trust by them, and the trustees may make payments or distributions from income or principal, or both, to or for the use of such charitable organizations, within the meaning of that term as defined in paragraph c, in such amounts and for such charitable purposes of the trust as the trustees shall from time to time select and determine; and the trustees may make payments or distributions from income or principal, or both, directly for such charitable purposes, within the meaning of that term as defined in paragraph d, in such amounts as the trustees shall from time to time select and determine without making use of any other charitable organization. fourth: this declaration of trust may be amended at any time or times by written instrument or instruments signed and sealed by the trustees, and acknowledged by any of the trustees, provided that no amendment shall authorize the trustees to conduct the affairs of this trust in any manner or for any purpose contrary to the provisions of section 501(c)(3) of the internal revenue code, or the corresponding section of any future federal tax code.
a trustee may, by appropriate written instrument, delegate all or any part of his or her powers to another or others of the trustees for such periods and subject to such conditions as such delegating trustee may determine. eighth: in this declaration of trust and in any amendment to it, references to “trustees” mean the one or more trustees, whether original or successor, for the time being in office.
the trustee hereby declares that it holds the shares and all dividends and interest accrue upon the same or any of them upon trust for the beneficiary and his on jane doe’s death or if jane doe does not survive the grantor, the remaining trust assets will be distributed to the alternate beneficiaries below. sample b. marital status – children. i declare that my wife, sarah r. doe, is deceased and that i am a widower as of the date of this instrument. i further declare, declaration of trust template pdf, declaration of trust template pdf, declaration of trust template free, declaration of trust template word, declaration of trust for shares template.
whereas, the grantor desires to create an irrevocable trust of the property described in. schedule a hereto, together with such monies, securities and other this free deed of trust template is a sample of a formal arrangement necessary for property transferring from a settlor to a trustee. an example of a declaration of trust that contains the required information as to the disposition of its assets upon dissolution,, nominee shareholder declaration of trust template, declaration of trust california, declaration of trust stamp duty, declaration of trust florida, holding shares in trust for someone else, declaration of trust vs trust deed, declaration of trust uk, irrevocable trust template, sample irrevocable trust california, holding shares in trust agreement.
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