Products tagged with 'irrevocable trust form'

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 form is available in MS Word format. It can be easily customized to fit your circumstances.
• Governed by U.S. laws and intended for use only within the United States.

Set up a Qualified Settlement Funds Trust under U.S. bankruptcy laws with this downloadable template.

• This is an irrevocable trust that cannot be revoked once it is established.
• A QSF trust is created under Section 468B of the Internal Revenue Code, following the filing of a Chapter 11 bankruptcy petition by a debtor.
• A trustee is appointed to hold the assets and proceeds of the debtor until such time as the trustee settles with the creditors.
• This form of trust allows the debtor to liquidate appreciated assets, pay the proceeds into trust for the benefit of the creditors and take a current income tax deduction for the payment.
• Available in MS Word format.
• Governed by the laws of the United States.

Prepare a Joint Spousal Trust Deed with this downloadable and customizable template for Canadians.

What is a joint spousal trust?

A joint spousal trust is an inter vivos trust established to benefit both spouses during their lifetimes and includes provisions for the remaining spouse after one passes away.

What is the purpose of a joint spousal trust?

When both spouses die, the trust property passes to the remainder beneficiaries named in the trust agreement, without the necessity of probate.

Format and Legal Jurisdiction

The Joint Spousal Trust Deed is governed by Canadian tax laws and is intended to be used only within Canada. This downloadable template is available in MS Word format. It is fully editable and reusable.