Free Property Trust Will Template
Property Trust Will
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I. Declaration
I, [Your Name], of [Your Company Address], being of sound mind and disposing memory, do hereby declare this document to be my last will, revoking all prior wills and codicils.
II. Executor Appointment
I appoint [Executor's Name], of [Executor's Address], to be the Executor of this Will. My Executor shall have the authority to manage and distribute my estate according to the terms outlined herein.
III. Trust Establishment
I hereby establish a trust to be known as the [Name of Trust] Trust, which shall come into effect upon my death. The trust shall hold and manage all assets and property transferred to it upon my passing.
IV. Trustee Appointment
I appoint [Trustee's Name], of [Trustee's Address], to be the Trustee of the [Name of Trust] Trust. The Trustee shall have the fiduciary duty to administer the trust by the terms outlined in this Will.
V. Beneficiary Designation
I designate the following individuals as beneficiaries of the trust, to receive the benefits of the assets held therein: [Beneficiary 1 Name], [Beneficiary 2 Name], etc.
VI. Distribution Instructions
I direct my Trustee to distribute the assets of the trust to the beneficiaries by the following instructions:
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[Specify any specific distributions or conditions for distributions, such as age requirements, education funding, or other stipulations.]
VII. Powers of the Trustee
I grant my Trustee the authority to invest, manage, and reinvest the assets of the trust in such a manner as they deem prudent, considering the best interests of the beneficiaries.
VIII. Successor Trustee Appointment
If the appointed Trustee is unable or unwilling to serve, I appoint [Successor Trustee's Name], of [Successor Trustee's Address], to serve as successor Trustee.
IX. Guardianship Provisions
If I have minor children at the time of my death, I appoint [Guardian's Name], of [Guardian's Address], to serve as Guardian of my minor children. The Guardian shall have the responsibility for the care, custody, and education of my minor children.
X. Residuary Clause
I hereby bequeath all remaining assets and property not otherwise disposed of in this Will to the [Name of Trust] Trust, to be distributed by its terms.
In witness whereof, I have hereunto set my hand and seal on this 17th day of April 2050.
[Your Name]
XI. Witnesses
Signed, sealed, published, and declared by [Your Name] as and for their last will, in the presence of us, who, at their request, in their presence, and the presence of each other, have subscribed our names as witnesses hereto.
Witness 1:
[Witness Name 1]
[Date Signed]
Witness 2:
[Witness Name 2]
[Date Signed]
XII. Notary
State of [State], County of [County].
On this 17th day of April 2050, before me, [Notary Public's Name], a Notary Public in and for said County and State, personally appeared [Your Name], known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
Witness my hand and official seal:
[Name of Notary Public]
[Notary Public Commission Number]
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