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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
Shall be vested in the trustee whose name is given to this trust on the first page or portion. Such appointment can be revoked by any of them at any time without action by this trust or by the beneficiary. No trustee may resign from office or cease to be a trustee without having served for at least one year. 4. Notice of changes : if any of the trustees desires such notice of changes by delivering a letter of address and stating such change at the address hereof, that letter shall be deemed to be notice of and will be taken as an acceptance of the change of trustee. Article iv terms and conditions 5. The terms and conditions of this trust shall be as follows: 1. All the living children referred to above shall possess the same rights, privileges, and immunities as any other natural person and shall not be deprived of any rights or privileges or otherwise be prejudiced in any respect, and the trust shall be construed and enforced and govern as if each of them existed at the date of its registration. 4. Any notice, consent, demand, pleading, decree, or other instrument given, given by, made, granted, or received, by, on behalf of, on behalf of, on behalf of, or with the consent of, any living child of trust and any beneficiary thereof under this trust shall be construed, construed, and enforced, and governed and administered as if each of such children were the living trust's child for the purposes of this declaration. 6. No beneficiary of this trust shall have any right to receive benefits, except and only to the extent that such beneficiary is a person who is entitled to receive benefits of this trust, and who has consented or consented to such benefits, in accordance with the provisions hereof. Article v: 1. The following terms of this agreement are applicable, unless otherwise stated within this agreement, unless either party waives his or its rights under either of the following provisions: (a) the provisions of § 16-6-3, unless a different provision is expressed to the contrary or unless this agreement includes a waiver of the provisions of § 16-6-3. (b) §§ 1-1-5, 2-1-3, 3-1-3, 8-4-9 and 8-7-11. (c) §§ 16-6-4.
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