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Revocable Living Trust Agreement Page 1 of 20 REVOCABLE LIVING TRUST AGREEMENT THIS REVOCABLE LIVING TRUST AGREEMENT, (hereinafter "Trust"), is being made on this the ________ day of _______________, 20_____, by and between ___________________________________ of ____________________ County, State of Colorado, hereinafter referred to as the Trustor and the Trustee designated below and shall be governed and administered in accordance with the following terms and provisions: ARTICLE I NAME OF TRUST 1. NAME OF TRUST: This trust may be referred to as THE ________ REVOCABLE LIVING TRUST. ARTICLE II IDENTIFICATION 2. TRUSTOR AND BENEFICIARIES: The Trustor or Settlor of this trust is _______________________, an Individual, residing at ___________________________________, ___________________________________, Colorado ________. The Trustor is the parent of the following living children: _______________________ _______________________ The Beneficiary of the Trust during the lifetime of the Trustor is the Trustor. Except as otherwise provided herein, upon the death of the Trustor, the Beneficiaries are the Children of the Trustor. ARTICLE III TRUSTEE APPOINTMENT 3. TRUSTEE APPOINTMENTS: The Trustor, hereby appoints __________________, the Trustor, as Trustee of this Trust. If the Trustor, is unable to serve as Trustee for any reason, then the Trustor hereby appoints __________________ as Successor Trustee. If neither the first or second Trustee are able to serve as Trustee for any reason, then the Trustor hereby appoints __________________ as Successor Trustee, whether one or more. The Trustee shall have all powers as provided in this agreement and the laws of the State of Colorado. The principal place of administration of this trust is the Trustors place of residence, regardless of the residence of the Trustee. Any power vested in three or more trustees
Pursuant to this trust or this article shall devolve to a successor trustee upon the appointment of such successor trustee. The successor trustee shall receive an annual salary not to exceed 3,000. The trust shall make all checks under this trust payable to the trustee. The trust or, appoints its authorized agent to receive notifications if any notices, demands, requests or other documents have been rendered or given to it prior to service upon this trust of any notices, demands, requests or other documents. If the trust fails to provide notice to the trustee as described in the preceding sentence, the trust shall be jointly and severally liable for the expenses of the proceedings resulting therefrom. The trustees place of administration 4. Title to and maintenance of this trust shall devolve upon the holders of the original bonds pursuant to section 7, article i of the Colorado revised statutes, and shall also attach in the name of the trust any other securities or other assets, and any or all of the income, estate, trusts and other items of income and expenditure of the trust estate, as such terms are defined in sections 7 or 9, article i of the Colorado revised statutes. However, the trustee of this trust shall have in his or her possession all the funds of the trust which were held or held in trust for a beneficiary of the trust prior to the adoption of this trust, and this trust shall be entitled to the remainder of any such funds and of any other items of income, estate and income and any proceeds of the trust estate other than this property which the trust does not have in its possession. However, any property remaining unclaimed in the property of the trust estate shall vest in and become the property of the trust, and may be paid out as the trustee shall direct. After the death of the settler or of any beneficiary, the trust or, as its trustee, shall have the power to distribute any property remaining in the trust estate and all the income, estate, trusts and other items of income and expenditure of the trust estate as provided in section 7 or 9, article i of the Colorado revised statutes. The title and interest in and to the property of this trust shall be retained by the trust or, as trustee, to the extent such property is available to the trust. But property used to pay for the administration of the trust shall revert to the trustees upon their death, or upon the appointment and election of a successor trustee. 5. Upon their death or resignation, the trust shall become a successor trust and the trustee of the.