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Fill and Sign the State of Virginia Hereinafter Referred to as the Trustor Whether One or More and Form

Fill and Sign the State of Virginia 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 Virginia, 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. ARTICLE II IDENTIFICATION 2. TRUSTOR AND BENEFICIARIES: The Trustor or Settlor of this trust is _______________________, an Individual residing at ___________________________________, ___________________________________, Virginia ________. 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 is/are __________________. The Trustor has no children. 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. The Trustee shall have all powers as provided in this agreement and the laws of the State of Virginia. The principal place of administration of this trust is the Trustors place of residence, regardless of the residence of the Trustee. Any power vested in three or more trustees may be exercised by a majority, but a trustee who has not joined in exercising a power is not liable to the beneficiaries or to others for the consequences of the exercise, and a dissenting trustee is not liable for the consequences of an act in which he or she joins at the direction of the majority of the trustees if the dissenting trustee expressed h
He consents of the beneficiaries. Article iv service and power of attorney 4. Appointment of an agent: this . This . The trustee shall appoint a duly qualified, authorized and appointed agent, named in writing, to be served with this trust. Notice of, and consent to the acceptance of, such appointment is not necessary to the performance of this trust. Any agent, who accepts such appointment shall be deemed to act for or on behalf of the beneficiary or beneficiaries with respect to all matters of administration of this trust concerning the beneficiary or beneficiaries or, under the agreement of the trustees, the trust or. All rights and actions of a beneficiary with respect to a revocable living trust and its affairs shall be governed under this agreement and the rules and regulations promulgated from time to time by the Virginia administrative agency providing for administration, such as the Virginia association of trusts. Article v termination 5. Withdrawal from the trust: if a beneficiary or the trust or, (hereinafter referred to as the "subscriber”) wishes to withdraw from this trust, the subscriber may do so, may revoke his or her appointment by written notice, may, at any time, revoke this trust without notice, and may revoke this trust by will. Article vi assignment 6. Assignment by the subscriber: the sub-sub-poncer or, at his or her option, the beneficiaries may, at any time and without notice, assign this trust by one or more of the following actions: (a) transferring all or any part of this trust or any portion of any interest in the trust or's or beneficiary's personal property to a legally constituted nonprofit corporation; (b) transferring all or any part of this trust, or any interest in this trust, to a trustee in whose estate the beneficiary and the trust or, have a legal relationship; (c) transferring all or any part of the trust property pursuant to a power of attorney; (d) assigning all or any portion of this trust or any interest therein to a person, corporation, or trust for the beneficiary's benefit by operation of law; (e) assigning all or any portion of this trust or any interest therein to another person, corporation, or trust for the beneficiary's benefit by operation of law; (g) agreeing that, pursuant to the terms of this trust and without notice to the trust or, the trustor will sell its interest in all or any part or all of the trust property for cash payment, to a third party, at a.

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