Hennepin Minnesota Modelo General de Contrato de Fideicomiso Irrevocable Inter Vivos - General Form of Inter Vivos Irrevocable Trust Agreement

• Category: Fideicomisos - Fideicomisos en vida - California
• State: Multi-State
• County: Hennepin
• Control #: US-0271BG
• Format: Word

Description

This form is a general form of inter vivos irrevocable trust agreement. Inter vivos trust refers to a trust created and executed during the life time of a testator. It is a revocable trust created to hold property for the benefit of another person. The term inter vivos trust is used to describe living organ donation, in which one patient donates an organ to another while both are alive. It is a revocable living trust in the sense that, this document generally imitate a person's will and are prepared while the individual is living, not at the time of their death. Hennepin County is located in the state of Minnesota and is known for being the most populous county in the state. Within Hennepin County, individuals can establish an Inter Vivos Irrevocable Trust Agreement as part of their estate planning. The General Form of Inter Vivos Irrevocable Trust Agreement is a legal document that allows a person (referred to as the "Granter") to transfer their assets into a trust during their lifetime, with the intention of distributing those assets to beneficiaries after their death. Unlike a revocable trust, an inter vivos irrevocable trust cannot be modified or revoked once it is executed. The Hennepin County General Form of Inter Vivos Irrevocable Trust Agreement includes various sections and clauses that outline the terms and conditions of the trust. These may include: 1. Identification of the Granter: This section provides the full legal name, address, and other pertinent details of the person establishing the trust. 2. Appointment of Trustee: The Granter appoints a trustee who will manage and distribute the trust assets according to the instructions provided in the agreement. 3. Designation of Beneficiaries: The trust agreement specifies the individuals, organizations, or entities who will receive the trust assets upon the Granter's death. These beneficiaries can be family members, friends, charities, or a combination thereof. 4. Distribution of Trust Assets: This section outlines how the trust assets are to be distributed among the beneficiaries. It may include specific gifts, percentages, or conditions that need to be met for the distribution to occur. 5. Powers and Duties of the Trustee: The agreement sets out the powers and responsibilities of the trustee, including investment authority, tax filing requirements, and management of trust assets. 6. Terms and Conditions: This part of the agreement covers various provisions that may include spendthrift provisions (to protect the trust assets from creditors), provisions for the care of minor beneficiaries, and potential contingencies. 7. Governing Law: The Hennepin County General Form of Inter Vivos Irrevocable Trust Agreement specifies that Minnesota law governs the interpretation and administration of the trust. It's important to note that there may be different variations or customized versions of the Hennepin County General Form of Inter Vivos Irrevocable Trust Agreement based on individual preferences and specific circumstances. These may include supplemental needs trusts, charitable remainder trusts, disclaimer trusts, and more. It's advisable to consult with an experienced estate planning attorney who can guide you through the process and ensure your trust is tailored to your needs.

Hennepin County is located in the state of Minnesota and is known for being the most populous county in the state. Within Hennepin County, individuals can establish an Inter Vivos Irrevocable Trust Agreement as part of their estate planning. The General Form of Inter Vivos Irrevocable Trust Agreement is a legal document that allows a person (referred to as the "Granter") to transfer their assets into a trust during their lifetime, with the intention of distributing those assets to beneficiaries after their death. Unlike a revocable trust, an inter vivos irrevocable trust cannot be modified or revoked once it is executed. The Hennepin County General Form of Inter Vivos Irrevocable Trust Agreement includes various sections and clauses that outline the terms and conditions of the trust. These may include: 1. Identification of the Granter: This section provides the full legal name, address, and other pertinent details of the person establishing the trust. 2. Appointment of Trustee: The Granter appoints a trustee who will manage and distribute the trust assets according to the instructions provided in the agreement. 3. Designation of Beneficiaries: The trust agreement specifies the individuals, organizations, or entities who will receive the trust assets upon the Granter's death. These beneficiaries can be family members, friends, charities, or a combination thereof. 4. Distribution of Trust Assets: This section outlines how the trust assets are to be distributed among the beneficiaries. It may include specific gifts, percentages, or conditions that need to be met for the distribution to occur. 5. Powers and Duties of the Trustee: The agreement sets out the powers and responsibilities of the trustee, including investment authority, tax filing requirements, and management of trust assets. 6. Terms and Conditions: This part of the agreement covers various provisions that may include spendthrift provisions (to protect the trust assets from creditors), provisions for the care of minor beneficiaries, and potential contingencies. 7. Governing Law: The Hennepin County General Form of Inter Vivos Irrevocable Trust Agreement specifies that Minnesota law governs the interpretation and administration of the trust. It's important to note that there may be different variations or customized versions of the Hennepin County General Form of Inter Vivos Irrevocable Trust Agreement based on individual preferences and specific circumstances. These may include supplemental needs trusts, charitable remainder trusts, disclaimer trusts, and more. It's advisable to consult with an experienced estate planning attorney who can guide you through the process and ensure your trust is tailored to your needs.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.