State of utah 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 in which the trustee or settlors thereof reside, and any other place for the administration of the trust as provided by the trust. Article iv revocable living trust agreement 4. Revocable living trust agreement: this revocable living trust agreement shall be governed and administered in accordance with the laws of the state of Utah, including, but not limited to, title 20c, chapter 6, section 7-1 and title 42, section, the statutes of utah as they may be amended and revised from time to time, in the same manner as other trust statutes. The trust may be revoked by the trust or trustees if: (a) they or. Or, the trustee named below, is married to another person, or (b) after at least 20 years from the commencement of the fiduciary relationship between the settlers, it becomes apparent that the settlors no longer wish to be beneficiaries of the trust, provided for the settlers have the option to revoke the trust by signing the revocable living trust agreement. Article v revocation of trust 5. Revocability of the revocable living trust agreement : if revoked, this revocable living trust agreement is revoked. Article vi trustee 6. Trustee at will: this trust may be discharged by the settlers, and is not legally contingent upon the settlers, if they act in accordance with the terms and provisions of this agreement and the laws of the state of Utah, including, but not limited to, title 20c, chapter 6, section 7-1 and title 42, section, the statutes of utah as they may be amended and revised from time to time, in the same manner as other trust statutes. Section 7. Removal of provisional authorization the following sections set forth the revocation or termination rights of beneficiaries in this trust as provided in sections 6 and 7. If sections 6 or 7 are breached, the trustee, or, the settlers, may revoke the trust. Section 8. Applicability of provisions this is a revocable living trust, as defined by law, and shall be governed and administered in accordance with the statutes of the state of Utah. These provisions are applicable for a period not exceeding 21 years from the date the original trust document was signed by the settlers. Section 9. Agent and delivery agreement this is an agreement by the settlers and the
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