5.3 bill all or part of the trust fund on a fiduciary basis for one or more beneficiaries. Confidence states are most often questioned by beneficiaries if they do not believe they have been compensated under the conditions actually set. It is not uncommon for beneficiaries or co-owners to challenge acts of trust and be carefully written by a legal expert. 1.5 “Excluded person,” “Excluded persons,” any person excluded from the benefit under the Schedule C trust and any other person who may be designated by the agent as an excluded person pursuant to the powers covered in point 8 above. CONSIDERING that Grantor intends to create a fiduciary corporation for certain real estate that is provided to the agent and described in Schedule A and is attached to this agreement for the benefit of a beneficiary; 2. TRANSFER OF PROPERTY The settlor transfers, transfers and transfers the property to the agent who must be held in trust on the terms set by that trust company. The agent herebly confirms the preservation of the property and accepts the terms of the trust deed and acknowledges and acknowledges that he holds the property in trust on the terms set out in this trust deed. The agent is also expressly entitled to obtain other assets from Settlor or another person in the future and to add this new property to the Trust Fund. The term “agent” refers to the designated agent, whose successors act under this agreement.
CONSIDERANT that the agent undertakes to maintain real estate or real estate in trust under the conditions set out in this instrument and within the limits of the powers and restrictions outlined below; b. Alternative beneficiaries. If my wife does not survive me, the agent will distribute the rest of the trust equally to my children, who will outlive me and the surviving descendants of my deceased children, by stirpes, totally and without confidence; However, unless a child is 30 years of age at the date of the distribution under this Article IV, the agent determines his or her quota as a separate trust fund for that child, which must be maintained, managed and distributed in accordance with Article V of this instrument. PandaTip: If you want to exclude people from performance, you can do it here. An excluded person can never be named a beneficiary and can never benefit from the trust.