The administrators made this intrusion made that day of, a.d. , between the national bank and the trustee company of sycamore, sycamore, calf county and the State of Illinois, a national banking association, as a trustee according to the provisions of a deed or deeds… 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. CONSIDERING that, for its part, the agent is prepared to accept the Real Estate covered by Schedule A and to maintain the trust fund in their favour. 1.3 The term “trust fund” refers to the assets specified in Schedule A, as well as any additional accounts that may be made from time to time, as well as any income of any kind obtained by or as a result of the ownership of the trust and any additional accounts. 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; The trusts of the descendants are separated from the agent and held for the benefit of this descendant under 30 years of age. The agent manages the recipient`s financial confidence in education, health and other financial assistance. All income from the trust is changed and added to the trust`s client. This act of trust (the “act of trust”) defines the conditions of which [SETTLOR NAME] (the “SettLOR” of [SETTLOR ADDRESS] invoices this property described in Schedule A (the “property”) on [TRUSTEE NAME” (the “Trustee”) because it is a company duly registered in accordance with the laws of [STATE] with its number [REGISTERed NUMBER] and which has its address registered with [REGISTERed NUMBER] and which has its address registered with [REGISTERed] , the “parties”), who have a basic fiduciary office. 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.
An act of trust should be very specific with regard to the property, which is held fiduciaryly. A document using vague terms may not be applicable.