Fill and Sign the This Revocable Living Trust Agreement Hereinafter Quottrustquot is Being Made This Form

Revocable Living Trust Agreement Page 1 of 16 REVOCABLE LIVING TRUST AGREEMENT THIS REVOCABLE LIVING TRUST AGREEMENT, (hereinafter "Trust"), is being made this ______ day of __________________, 20 ______, by and between of , County, , as the Trustor, and serving as Trustee. This Trust shall be known as THE REVOCABLE TRUST, and shall be administered in accordance with the following terms: ARTICLE I INTRODUCTION (A) TRUST PURPOSE : Any person shall deal with the Trustee without the approval of any court, the Trustor, or any beneficiary of any Trust created by this Trust, and shall assume that the Trustee has the same power and authority to act as an individual does in the management of his or her own affairs. Further, any person presented with a copy of this page and any other page of the Trust shall accept same as conclusive proof of the terms and authority granted by this Trust, and shall assume that no conflicting directions or terms are contained in the pages omitted. (B) TRUST ASSETS: , as Trustor, does hereby assign, convey and deliver to the Trustee, all of the Trustor's right, title, and interest in and to all real and personal property, tangible or intangible, of any nature, in any location, which may be owned by the Trustor or later acquired by the Trustor, unless an exception to the conveyance of a particular property interest is made on Schedule A. Said property shall include, but shall not be limited to, the assets listed on Schedule A, which may be attached to this Trust. However, this general assignment shall not alter any beneficiary designation unless specifically listed on Schedule A. A voluntary conveyance by the Trustor of a Trust asset which may remain registered to the Trustor individually shall convey any interest held by this Trust. (C) ABSTRACT OF TRUST: In order to facilitate the convenient administration of the Trust, including the registration and transfer of assets to and from the Trust, the Trustee shall have the power to execute an Abstract of Trust describing any Trust matter, including but not limited to a description of the Trust terms, the administrative powers of the Trustee and the identity of any current Trustee. Any person who receives an original or photocopy of said Abstract of Trust shall be held harmless from relying on same, and shall not be obligated to inquire into the terms of the Trust or maintain a copy of the Trust.
(d) provisions for settlement of claims : (i) when a claim of a person described on the trust is lodged in this state, the trust or shall make all available efforts to settle the claim: as described in schedules a, b, and c; (ii) when any payment, as described in schedule d, is due to a designated beneficiary, the trustee shall pay, in full, on a regular basis, such amount, or part of such amount, for each month after the month of the claimant's initial claim for payment, as the trustee may determine. Unless payment of such amount is otherwise required by state or federal statute, or unless the payment does not cover the total amount due the claimant, the creditor shall accept the amount of such full amount only in that case, (iii) when the trustee files a complaint in any court in the state regarding the operation or administration of the trust or the payment thereof, the trustee shall be entitled to request and receive a ruling regarding the trust, and/or regarding the right of the trustee to pay. If the court grants such a ruling, the trustee shall pay the judgement in full to the claimant. A copy of such ruling shall be published in the local newspaper. (v) the trustee may, in its sole discretion, postpone, modify, or cancel the trust. However, as soon as practicable after making such a postponement, modification, or cancellation, the trust or shall file notice to the trustee in such form as the court requires showing the reasons why such a postponement, modification, or cancellation will cause irreparable harm to the estate, and provide notice to all parties of the date on which such postponement, modification, or cancellation will be effective. The trust or must, within two days after receipt of notice of such postponement, modification, or cancellation, mail or deliver a copy of the notice to the claimant. Upon receipt of the notice there shall be a three-day notice period to either accept possession of the property or request a replacement title or the right to acquire such property. (v) in the event that the trustee has made a payment to pay any outstanding judgement to a person named on the order of this court, and a payment has been made pursuant to paragraph (c)(v) of this rule, a final ruling shall be issued immediately by the court in favor of the trustee in the same manner as a decree of bankruptcy for property of estate or a decree of foreclosure would have been issued. In addition, the trustee shall, within two days, provide.