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- 1 - 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 Nevada, hereinafter referred to as the Trustor, whether one or more, 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 Trustors or Settlors of this trust are _______________________ and _______________________, Husband and Wife, residing at ___________________________________, ___________________________________, Nevada ________. As used herein, the term “Trustor” shall mean all trustors of this trust, whether one or more. The Trustors are married and parents of the following living children: ______________________________________________ The Beneficiaries of the Trust during the lifetime of the Trustors is the Trustors. Except as otherwise provided herein, upon the death of the Trustor, the Beneficiaries are the Children of the Trustor. This document is a living trust as authorized by the provisions of NRS 163.002. 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
Nevada, other states and local jurisdiction concerning trust, revocability. 4. Confidentiality 5. Appointment and removal of a trustee: the trust or may withdraw the appointment of, and remove from the list of the trustees, as trustee at any time prior to the filing date of the trust in accordance with the laws of the state of and the laws of this state. The trustee shall have an opportunity to submit the names of persons to be considered as successors. 6. Trustee duties: the trustee is required to perform all duties, including the following, which the trust or is expressly authorized to perform: perform the acts required of such trustee by the laws and regulations governing the trust, exercise the powers of such trustee as expressly defined herein or as required by this document except as otherwise provided therein. 7. Powers of office: the principal and vice president of the trust, and the trustees who shall also serve as principal and vice president and such other officers as may be appointed by the trust or or the trustee in the case of a revocable living trust. 8. Liability of trustee: the terms and provisions herein set forth for the protection of the beneficiaries of the trust, the heirs and devises of the beneficiaries of the trust or their successors, whether one or more, are binding upon, and shall be enforced and administered by, the trustee. 9. Notice and pleading: notice of any action the trust or or the trustee may be compelled to take or cause or permit to be taken by the principal or the trustee of the trust against any trustee or third person with respect to the provisions of this trust may be furnished to the trust or or the trustee or the trustor's successors as follows: by personal service on the trustee at his or her office or residence, by leaving a copy at the address of the person by whom notice is to be served, by publication, or by both such methods, by first class mail, postage prepaid, at least twenty-four hours prior to a hearing, and by any other method as the trustee or the trustee may, in the discretion of the trustee or trustee may deem advisable; 9a. Procedure for bringing or defending claims 5. Trial 10. Settlement or judgment. A. General 10a. Payment of costs, fees and expenses 11. Exclusions 11a. Limitation on remedy 11b. Successor agreement 12. Waiver 13. Notice for certain types of acts. Notice for certain types of acts. §2-16