Picture of Collateral Trust Agreement between Partners Picture of Collateral Trust Agreement between Partners

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.
Document Type: Microsoft Word
Last Updated: 10-November-2024
SKU: 478
$12.49
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