Law Firm Trust Agreement
Agreement Overview
Agreement made this [Month, Day, Year] by and between [Your Company Name], hereinafter referred to as the "Trustee," and [Your Client / Subscriber / User Name], hereinafter referred to as the "Grantor."
Background
The Grantor desires to create a trust for the purpose of [Specify Purpose of Trust], and the Trustee is willing to act as Trustee of such trust upon the terms and conditions set forth herein.
Terms of Agreement
1. Creation of Trust:
The Grantor hereby transfers and delivers to the Trustee the sum of $[0] to be held, administered, and disposed of by the Trustee upon the terms and conditions set forth herein.
2. Trust Property:
The Trustee shall hold and manage the trust property, consisting of [List of Trust Property], for the benefit of the beneficiaries as provided herein.
3. Trust Term:
The trust created hereby shall continue until the happening of the following event: [Specify Event, if applicable].
4. Income and Principal:
The Trustee shall collect and receive the income from the trust property and may, in its sole discretion, distribute such income and/or principal to the beneficiaries as provided herein.
5. Distribution of Trust Property:
Upon the termination of the trust, the Trustee shall distribute the trust property to the beneficiaries in accordance with the terms and conditions set forth herein.
6. Investment of Trust Property:
The Trustee shall invest and reinvest the trust property in such investments as it deems advisable, considering the purposes of the trust and the interests of the beneficiaries.
7. Compensation of Trustee:
The Trustee shall be entitled to reasonable compensation for its services rendered hereunder, to be determined in accordance with the prevailing rates charged by professional trustees in the jurisdiction where the trust is administered.
8. Governing Law:
This Agreement shall be governed by and construed in accordance with the laws of the State of State], without giving effect to any choice of law or conflict of law provisions thereof.
Execution
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.
[Your Company Name]
By:
[Your Name],
Trustee
[Month, Day, Year]
[Your Client / Subscriber / User Name]
By:
[Client Name]
[Month, Day, Year]
Acknowledgment
State of [State]
On this [Month, Day, Year], before me personally appeared [Your Name], known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged that [he/she/they] executed the same for the purposes therein contained.
Witness my hand and official seal.
Notary Public
My Commission Expires: [Month, Day, Year]
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