Prepare an Irrevocable Trust Declaration to set up trusts for the benefit of a grantor's adult children with this template form for the USA.
- In the event of a beneficiary's death, the assets will be distributed per stirpes, but if the deceased beneficiary has no children, the share is distributed to the other beneficiaries.
- The net income will be distributed at the end of each calendar quarter. The body of the trust will be paid to the beneficiaries when they reach a specified age.
- The grantor cannot borrow any part of the trust property or income without adequate security and interest.
- The property or income of the trust cannot be sold for less than adequate compensation.
This USA Irrevocable Trust Declaration
is available in MS Word format. It can be easily customized to fit your circumstances.
Last Updated: 14-April-2016