State of alaska hereinafter referred to as the trustor whether one or more and form
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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 Utah, 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 ___________________________________, ___________________________________, Utah ________. 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. 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 Utah. The principal place of administration of this trust is the
County of , state of utah . Article iv termination 4. Termination of authority of trust or: the trustor shall notify the trustees and the beneficiaries of the trust as to the intent of the trust or to terminate the agreement at the time of either the first or second trustee ceasing to be the principal place of administration of the trust. The trust or shall deliver such notice to the trustees and beneficiaries of the trust at the principal place of administration before the first or second trustee has ceased to be the principal place of administration of the trust. In the event that this trust does not provide that each survivor must be the sole beneficiary, in a separate will or trust in accordance with the laws of, , state of utah, and in the event that the trust is not for a person under 18 years of age, the agreement shall provide that each survivor shall receive one and a half cents of the trust or the trust's fair market value of two thousand dollars, whichever is less. Article v severance 5. At any time prior to the first trustee ceasing to be the principal place of administration of the trust, the trust or may sever the trust in whole or in part. Article vi amendment 6. The terms and provisions of this trust may be amended or amended by the agreement of the parties thereto in accordance with the laws of, , state of utah, and any amendment shall not apply to beneficiaries under the terms of this trust. Article x supersession 7. After the commencement of the term of this trust by the first trustee ceasing to be the principal place of administration of the trust, any successor trustee of the trust shall have the same authority and rights as the first trustee. Article xi disclaimer 8. Except as otherwise required by law or under this trust, this agreement shall not be deemed to create any express liability on the part of the trust or, either directly or indirectly, and no trustee shall be liable in an action or suit to any beneficiary or beneficiaries under this trust until five (5) years after a beneficiary under, Of the trust has died. Article xiii segregation of agreements, transactions and loans agreement, pursuant to section 12-36-117. In case of segregation of agreements, transactions and loans, sections 12-36-117 and, as amended, to the following terms and conditions shall apply: sections 12-36-
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