Act of dedication state of louisiana parish of form
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STATE OF LOUISIANA
PARISH OF [_PARISH_]
REVOCABLE INTER VIVOS TRUST
BE IT KNOWN that on [_Date_] , before me, [_NOTARY_] , a
Notary Public duly commissioned and qualified in and for the
Parish and State aforesaid, and in the presence of the
undersigned witnesses, personally came and appeared:
[_SETTLOR_] , husband of [_WIFE_] , domiciled in
[_Settlor_Parish_] , whose present mailing address is
[_Settlor_Address_] ;
and
[_BANK_] , a banking corporation organized under the laws
of the State of Louisiana, having its principal place of
business at [_Bank_Address_] , herein appearing by and
through [_AG ENT_] , its [_Office_] duly authorized;
who agree to be bound b y the following provisions of this
trust instrument.
1. TRUST [_SETTLOR_] (hereafter "the Settlor") hereby
creates the [_Trust_] , and conveys to the trust all of his
right, title and intere st in and to the following described
property:
[_Trust_Property_]
it being his intention that such property, together with any
other property given to the trust by the Settlor or others,
be administered as the property of the [_Trust_] , in
accordance with this instrument.
2. TRUSTEE [_BANK_] shall be the initial trustee of
the [_Trust_] , and [_BANK_] , and any successor trustee
hereafter appointed, shall have all of the powers that may be
conferred now or hereafter upon trustees under applicable
law, including, but not limited to, the Louisiana Trust Code.
[_BANK_] expressly accepts appointment as trustee. [_BANK_]
and any successor trustee shall be held harmless from any
liability in connection with administration of this trust,
except liability for loss caused by breach of the duty of
loyalty to the trust or bad faith breach of trust. [_BANK_]
and any successor trustee shall be entitled to receive
reasonable compensation out of trust property, and shall
render such accounting as is required by law.
3. REVOCABILITY The Settlor reserves the right to
amend or revoke this trust, or any portion of it, at any time
by authentic act. After the death of the Settlor, [_WIFE_]
shall have the right to revoke the trust, or any portion of
it, any time by authentic act. Any amendment or revocation
shall be effectiv e immediately upon delivery of the amending
or revoking act to the trustee.
4. BENEFICIARY The Settlor shall be sole income and
principal beneficiary of the trust during his lifetime, and
his interest shall be subject to voluntary alienation. After
th e death of the Settlor, [_WIFE_] shall be the sole income
and principal beneficiary. Income shall be dist ributed not
less frequently than quarterly.
5. TERM This trust shall terminate upon the death of
the survivor of the Settlor and [_WIFE_] , if not previously
revoked.
THUS SIGNED at [_City_Parish_] , Louisiana, in the
presence of the undersigned Notary Public, qualified in said
State and Parish, and the undersigned competent witnesses,
who have signed with the appearers after due reading of the
whole.
WITNESSES:
______________________ _________________________
[_SETTLOR_]
Settlor
______________________ ______________________
[_BANK_] , Trustee
BY: ____________________
[_AGENT_]
[_Office_]
_______________________________
[_NOTARY_] , NOTARY PUBLIC
* * * * * * * * * *
REVOCABLE INTER VIVOS TRUST - F1DTRU1 : This is a trust
established by the settlor during his lifetime. The Settlor
is principal and income beneficiary and reserves the power to
revo ke or amend the trust at any time.
KEY WORD : EXPLANATION :
[_PARISH_] Parish in which trust instrument
is executed.
[_Date_] Date on which trust is executed.
[_NOTARY_] Notary before whom trust is
executed.
[_SETTLOR_] Name of person establishing the
trust.
[_WIFE_] Name of settlor's wife. For
alternative appearances, see
document Appearances - F1AAPP1.
[_Settlor_P arish_] Parish of settlor's domicile.
[_Settlor_Address_] Settlor's address.
[_BANK_] Name of bank acting a s trustee in
this example.
[_Bank_Address_] Address of principal place of
business of bank.
[_AGENT_] Name of person appearing for
bank.
[_Office_] Office held by person appearing
for bank.
[_Trust_] Name of the trust established
(with Trust).
[_Trust_Property_] Description of property donated
to trust.
[_City_Parish_] City and parish of execution.
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