Asset Investment Trust Blog

The following trust document is included in our 2010 Living Trust Creation Course, available through our site, www.AssetInvestmentTrust.com.  It’s provided here, for free and is a valid trust and can be used in any state to hold personal property like antiques, electronics, bank accounts, etc.

Some state’s law differs and additional documents may be required for land, cars, or boats to be placed in trust.

Please review this Declaration of Trust to understand the simplicity of a trust and how easy they are to create and feel free to post questions, as comments or email me directly, greg@assetinvestmenttrust.com.

Thanks,
Greg Gardner

Declaration of Trust

STATE of <STATE>
COUNTY of <COUNTY>

This Declaration of Trust Agreement is dated this <NT_Day> day of <NT_Month> <NT_Year>, and shall be known as the <NT_Name of Trust>.

This certifies that <NT_Trustee>, whose address is <NT_Trustee_Address_City_State_Zip>, is hereby appointed as Trustee for the aforementioned trust and is taking title to the following described property:

<NT_Asset_List_or_Description>

The Trustee will preserve, maintain and provide for the health, education and welfare of the Beneficiary named herein, their successors, heirs or assigns and preserve their entitled earnings, avails and proceeds of the assets. Furthermore, the Beneficiary’s only interest in this Trust shall consist of the power of direction to deal assets, and to the avails, monies, proceeds and dividends generated by the trust.

The Trustee is expressly prohibited from allowing records regarding this Trust, its assets or any part thereof, to be reviewed, given, shown or otherwise disclosed to any party and shall not be required to pay out any money on account of the Trust, unless furnished with adequate funds to do so.

The Trustee shall deal with the title to the assets only when directed to do so by the beneficiary and said direction is provided in writing. And is hereby appointed as attorney-in-fact for the beneficiary named herein.  He or she will have the full power and authority to take any action, as directed by the beneficiary.

If the Trustee can’t or won’t act, the duties of trustee shall resolve to the beneficiary until a new trustee can be appointed.

The Beneficiary shall have the right to sell, trade, option, give, bequeath or assign his or her beneficial interest or any part.

It shall be the responsibility of the Beneficiary to file any reports, including tax returns and income or expense reports.

The beneficiary may terminate the Trustee at any time.  Afterward, the Beneficiary may act as trustee or appoint a new trustee

This Trust Agreement shall hereby remain in effect for a period of twenty (20) years, unless otherwise dissolved, prior to that time.

Any amendments to this Declaration of Trust shall be in writing and only on the approval of the Beneficiary.

The Trustee and Beneficiary hereby accept the terms of this Declaration of Trust Agreement, dated this <NT_Day> day of <NT_Month> <NT_Year>, known as the <NT_Name of Trust>.

___________________________________                        _____________________________________________
WITNESS                                                                                                  <NT_Trustee>, as Trustee

Sworn to and subscribed before me.                                                 _______________________________________ (SEAL)
NOTARY PUBLIC

___________________________________                        _____________________________________________
WITNESS                                                                                                 <NT_Beneficiary>, as Beneficiary

Sworn to and subscribed before me.                                                 _______________________________________ (SEAL)
NOTARY PUBLIC