State of maryland hereinafter referred to as the trustor whether one or more 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 Maryland, 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 and is created in accordance to Maryland Code § 14-404 EST. & TRUSTS. ARTICLE II IDENTIFICATION 2. TRUSTOR AND BENEFICIARIES: The Trustors or Settlors of this trust are _______________________ and _______________________, Husband and Wife, residing at ___________________________________, ___________________________________, Maryland ________. 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
Trustee shall be a qualified and competent adult who is (i) a resident, (ii) domiciled at , , maryland, (iii) domiciled in the united states of america, and (iv) a resident of this state or its commonwealth. A. Except as otherwise provided in this section, a trustee of the trust may be appointed by the surviving spouse of the trust or. No person other than the person appointed, shall be appointed a trustee in a revocable living trust. (b) a trustee shall hold office pursuant to the provisions of this article for a period of, years. He /she shall be appointed by the surviving spouse of the surviving trusts settler or such settlors as they may designate. At the end of his /her term of office a trustee shall file an affidavit, in the form prescribed by law, with the court of the county where his /her office is located attesting that he /she has no interest in, or has renounced, any interest in the trust. (c) each individual trustee is entitled to his /her own attorney. The attorney shall be entitled to practice law in the commonwealth, except as otherwise provided in this article. (d) any trustee who is an actual resident of the commonwealth is entitled to all the rights and liabilities conferred on the executor by the will or other instrument of administration of the estate. (e) this trust, like any other trust, shall be governed by this article and by the laws of the commonwealth relating thereto, and the laws of this state relating thereto, except that references to any trust in this trust manual are to this fiduciary revocable living trust. (f) nothing in this trust manual shall affect any act done by a trustee, or by a predecessor trustee of any trust under this trust, to comply with the provisions of the laws of this commonwealth relating to the execution and delivery of wills, or any other enactment. (g) except as otherwise provided by this article, any act done by a trustee of this revocable living trust other than the act of giving an affidavit to the court as required by article iii, chapter 3, title 14, § ,, or § 5, part 2, of the code of laws of the commonwealth, is not invalid for any reason whatsoever. (h) a revocable living trustee shall be permitted, consistent with the requirements of this article, to make any gift, gift bequest, devise,
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