Grantor Trust Agreement between Cumberland Mountain Bancshares, James J. Shoffner, Barry Litton, Robert R. Long, J.D. Howard and Raymond C. Walker regarding the establishment of Trust with the intention of the company to make contributions to the Trust
The Harris Texas Granter Trust Agreement is a legal document that outlines the terms and conditions of a trust arrangement between Cumberland Mountain Ranchers and James J. Shaffer, along with any other involved parties (et al.). This agreement establishes a trust relationship where Cumberland Mountain Ranchers acts as the granter and transfers certain assets or property to the trust, managed by James J. Shaffer and others. The Harris Texas Granter Trust Agreement aims to govern the management and distribution of the trust's assets for the benefit of its beneficiaries, guided by the specific provisions outlined within the agreement. It ensures that the granter's wishes and intentions are carried out as meticulously as possible, offering protection and control over the distributed assets. Keywords: Harris Texas, Granter Trust Agreement, Cumberland Mountain Ranchers, James J. Shaffer, legal document, trust arrangement, trust relationship, assets, property, beneficiaries, provisions, management, distribution, protection, control. Different Types of Harris Texas Granter Trust Agreement between Cumberland Mountain Ranchers, James J. Shaffer, et al.: 1. Revocable Harris Texas Granter Trust Agreement: This type of agreement allows the granter (Cumberland Mountain Ranchers) to make changes, modify, or terminate the trust during their lifetime, maintaining flexibility and control. 2. Irrevocable Harris Texas Granter Trust Agreement: This agreement, once established, cannot be altered or revoked by the granter. It generally provides more robust asset protection and estate planning benefits. 3. Testamentary Harris Texas Granter Trust Agreement: This trust agreement is created and takes effect upon the granter's death, usually specified in their Last Will and Testament. It allows for the smooth transfer of assets to designated beneficiaries, avoiding probate. 4. Special Needs Harris Texas Granter Trust Agreement: This type of agreement caters specifically to individuals with disabilities or special needs, ensuring their well-being while preserving their eligibility for government benefits. 5. Charitable Harris Texas Granter Trust Agreement: This trust agreement donates assets or monetary contributions to charitable organizations, providing tax benefits to the granter while supporting a cause they care about. 6. Life Insurance Harris Texas Granter Trust Agreement: This agreement addresses the ownership and management of life insurance policies held within the trust, allowing for efficient transfer of proceeds to beneficiaries upon the granter's passing. Keywords: Revocable, Irrevocable, Testamentary, Special Needs, Charitable, Life Insurance, Harris Texas, Granter Trust Agreement, Cumberland Mountain Ranchers, James J. Shaffer, trust types.
The Harris Texas Granter Trust Agreement is a legal document that outlines the terms and conditions of a trust arrangement between Cumberland Mountain Ranchers and James J. Shaffer, along with any other involved parties (et al.). This agreement establishes a trust relationship where Cumberland Mountain Ranchers acts as the granter and transfers certain assets or property to the trust, managed by James J. Shaffer and others. The Harris Texas Granter Trust Agreement aims to govern the management and distribution of the trust's assets for the benefit of its beneficiaries, guided by the specific provisions outlined within the agreement. It ensures that the granter's wishes and intentions are carried out as meticulously as possible, offering protection and control over the distributed assets. Keywords: Harris Texas, Granter Trust Agreement, Cumberland Mountain Ranchers, James J. Shaffer, legal document, trust arrangement, trust relationship, assets, property, beneficiaries, provisions, management, distribution, protection, control. Different Types of Harris Texas Granter Trust Agreement between Cumberland Mountain Ranchers, James J. Shaffer, et al.: 1. Revocable Harris Texas Granter Trust Agreement: This type of agreement allows the granter (Cumberland Mountain Ranchers) to make changes, modify, or terminate the trust during their lifetime, maintaining flexibility and control. 2. Irrevocable Harris Texas Granter Trust Agreement: This agreement, once established, cannot be altered or revoked by the granter. It generally provides more robust asset protection and estate planning benefits. 3. Testamentary Harris Texas Granter Trust Agreement: This trust agreement is created and takes effect upon the granter's death, usually specified in their Last Will and Testament. It allows for the smooth transfer of assets to designated beneficiaries, avoiding probate. 4. Special Needs Harris Texas Granter Trust Agreement: This type of agreement caters specifically to individuals with disabilities or special needs, ensuring their well-being while preserving their eligibility for government benefits. 5. Charitable Harris Texas Granter Trust Agreement: This trust agreement donates assets or monetary contributions to charitable organizations, providing tax benefits to the granter while supporting a cause they care about. 6. Life Insurance Harris Texas Granter Trust Agreement: This agreement addresses the ownership and management of life insurance policies held within the trust, allowing for efficient transfer of proceeds to beneficiaries upon the granter's passing. Keywords: Revocable, Irrevocable, Testamentary, Special Needs, Charitable, Life Insurance, Harris Texas, Granter Trust Agreement, Cumberland Mountain Ranchers, James J. Shaffer, trust types.