(Hint: If in doubt it's usually safer to include unneeded clauses than to leave out necessary ones. The Trustees shall distribute, at least annually, in equal shares among the beneficiaries of the trust all or any part of the net income of the trust for the comfort, support, education, maintenance, health and welfare of the beneficiaries. Settlor declares that the property described in Exhibit “A” attached to this instrument has transferred to the Trustee, without consideration.

While they may provide general ideas on format & content, validity requirements can and do vary greatly from state to state. In addition, any beneficiary may voluntarily convey other property owned by him or her to his or her trust, to be held and administered as a part of his or her trust continued herein. distributed to                            _ . [Listing of property included in this agreement], ----- and the Trust created hereunder and its enforcement shall be determined by Laws – Chapter 112 (Creation, Validity, Modification, and Termination of Trusts). For publicly-held stock, it’s best to open an account at a brokerage firm and use it as a depository for stocks, bonds, and mutual funds. Further, the Trustees shall have the right to pay premiums on any insurance policies comprising a part of the trust estate, and to take out, apply for, and buy any type of insurance for the beneficiaries, including life, accident, health and major medical insurance, and to pay the premiums thereon, out of principal of the trust. This Declaration of Trust is made this _______ day of ____________________, 199____, by and between _________________________, Trustor, currently residing and domiciled in _________________________, and _________________________, Trustee, who resides in and whose principal offices are located in ________________, ________________ County, Texas. irrevocable trusts must begin with the law applicable to such actions. Texas Living Trust Forms – Irrevocable & Revocable, Chapter 112 (Creation, Validity, Modification, and Termination of Trusts).

WITNESSES:                                                                                                                                          ___________________________________________, STATE OF                             __________, COUNTY OF                         __________. In the event                              is not living, the assets shall be distributed as follows: G.        If at any time, in following the directions of this Trust Agreement, the Trustees is required to distribute all or any part of the principal of the trust herein created outright to a person who is then a minor, the Trustees shall be authorized and directed to continue to hold the share of such minor in trust for that minor’s benefit until he or she attains age twenty-one (21). The Trustees shall not be required to enter into any bond as Trustees nor shall he be required to return to any Court any periodic formal accounting of his administration of the said trust, but said Trustees shall render annual accounts to the beneficiary or beneficiaries of such trust.

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