State of missouri hereinafter referred to as the trustor and the trustee 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 Missouri, 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 and is created in accordance with Missouri Revised Statutes Chapter 456 Section 456.010. ARTICLE II IDENTIFICATION 2. TRUSTOR AND BENEFICIARIES: The Trustor or Settlor of this trust is _______________________, an Individual, residing at ___________________________________,___________________________________, Missouri ________. 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 Success
Or trustee. Article iv execution 4. Execution: an act or document by which an instrument executed under this trust is recognized as a valid instrument of the estate. Article v cancellation 5. Cancellation: upon the death or incapacity of the trust or or the appointment of a successor trustee the trust is released from all payments due under this trust and becomes void. The trust terminates at the death of the trust or or, incapacity of the trustor or appointment of a successor trustee, and the last payments due under this trust shall be paid no later than a date one (1) month after the day of death or incapacity of the trust or or, appointment of a successor trustee. When this trust terminates, all other estate property belonging to the trust is then distributed to the beneficiaries based on the percentage of the value of the interest in the revocable living trust that was owned by any beneficiary prior to the trust or, trust or. For death of the trust or, or appointment of a successor trustee and the payment of the last installment, the portion of the entire value of the remaining property belonging to the trust is distributed to the other living children of the trust or a spouse of the trust or. If the trust then ceases to exist, those children, spouse, or spouse of the trust or receive such portion of the remaining property belonging to the trust that remains after payment pursuant to the terms of a plan of trust administration prepared as provided in the preceding paragraphs of these articles. If the trustee shall resign or be removed from office after the trust has terminated, notice of his or her resignation or removal may be given to any living child, surviving spouse, and the surviving spouse of the trust or, or, surviving parent of the child, in order to effect a distribution. If there is one (1) living beneficiary in the case of a revocable living trust, article vi trustee disbursement 6. Trustee disbursement: a trust that is not subject to the provisions of article v, terminates when the trust's last interest payment has been made. The trust continues in full force and effect through the latter of the death of the trust or termination of the trust. If the trust, shall cease to exist, then this trust, shall, upon payment of its last interest payment, cease to exist and the property shall revert to the trust or to the trustee. Article v revocation 7. Termination: if the trustee or the last owner of an interest in this trust shall do any act or thing in violation of this
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FAQs trustee vs trustor
Here is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
The trustor is the individual who creates a trust, while the trustee is the person or entity responsible for managing the trust assets. Understanding the roles of trustor vs trustee is crucial for effective estate planning and asset management.
airSlate SignNow provides a seamless platform for creating, sending, and eSigning trust agreements. This ensures that both trustors and trustees can easily manage their documents, making the process efficient and secure.
airSlate SignNow offers various pricing plans to accommodate different business needs. Whether you are a trustor or a trustee, you can choose a plan that fits your budget while benefiting from the features designed for document management.
Yes, airSlate SignNow supports integrations with various applications, enhancing its functionality for trustors and trustees. This allows users to streamline their workflows and manage documents more effectively.
airSlate SignNow prioritizes document security with features like encryption and secure access controls. This is particularly important for trustors and trustees who need to protect sensitive information related to trust agreements.
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