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    Collateral Trust Agreement between Partners


    Prepare a Collateral Trust Agreement Between Partners with this downloadable template for a two-person partnership.

    • One partner appoints a trustee to hold a life insurance policy or policies on the life of the other partner in trust on the partner's behalf.
    • Upon the death of the insured partner, the partner agrees to purchase the insured partner's interest, using the proceeds from the insurance policy ⁄ policies.
    • The trustee will hold the insurance policy / policies in trust, but the partner will receive all dividends.
    • The partner will pay the trustee a yearly fee for acting as trustee.
    • This legal form template is fully editable and can be easily customized to meet your needs.
    • This is a generic form which does not contain references to the laws of any particular country and can be used in many countries and jurisdictions.
    Download Type: Microsoft Word
    Last Updated: 17-June-2021
    SKU: 478