DECLARATION OF IRREVOCABLE TRUST

This Declaration of Irrevocable Trust is made this __ day of ________________, 20__, by and between ______________, of _________________________, hereinafter called the 
Trustor, and ____________________, of __________________________, hereinafter called the Trustee.

I
The Trustor hereby irrevocably assigns, conveys and gives to the Trustee, in trust, the following property:



II
The Trustee shall receive and hold said property, together with any additions thereto, in trust for the use and benefit of:

III
This trust shall be irrevocable and unamendable. I am aware of the consequences of establishing an irrevocable trust and hereby affirm that the trust created by this agreement 
shall be irrevocable by me or by any other person, it being my intention to make to the beneficiary/beneficiaries named herein an absolute gift of the property described in 
paragraph ONE, above.

IV
This agreement and the trust created hereby shall be administered, managed, governed and regulated in all respects according to applicable statutes of the State of ____________.

V
The Trustee, in addition to all other powers granted by this agreement and by law, shall have the following additional powers with respect to the trust, to be exercised from 
time to time at the Trustee's discretion:

Management of the Trust
To invest and reinvest, lease, rent, mortgage, insure, repair, improve or sell any of the real and personal property of the trust as he may deem advisable.

Business Interests
To sell or otherwise liquidate, or to continue to operate at his discretion, any corporation, partnership or other business interest which may be received by the trust.  

Mortgages, Pledges and Deeds of Trust
To enforce any and all mortgages, pledges and deeds of trust held by the trust and to purchase at any sale thereunder any such real estate or personal property subject to any 
mortgage, pledge or deed of trust.

Litigation
To initiate or defend, at his discretion, any litigation affecting the trust.

Attorneys, Advisors and Agents
To employ and to pay from the trust reasonable compensation to such attorneys, accountants, brokers, and investment, tax and other advisors as he shall deem advisable.

Adjustment of Claims
To submit to arbitration, to compromise or to release or otherwise adjust, with or without compensation, any and all claims affecting the trust estate.

VI
No bond for the faithful performance of duties shall be required of any Trustee appointed under this agreement.

VII
The Trustee shall receive reasonable compensation for the services performed by him, but such compensation shall not exceed the amount customarily received by corporate 
fiduciaries in the area for like services.

VIII
No Trustee of the trust created by this agreement shall at any time be held liable for any action or default of himself, or of his agent, or of any other person in connection 
with the administration and management of this trust unless caused by his own gross negligence or by commission of a willful act of breach of trust.

IX
The Trustee, by joining in the execution of this agreement, hereby signifies his acceptance of this trust.

X
The Trustee shall have sole authority to determine what shall be defined as income and what shall be defined as principal of the trust established by this agreement, and to 
determine which costs, taxes and other expenses shall be paid out of income and which shall be paid out of principal.

XI
In the event that any portion of this agreement or the trust created hereby shall be held illegal, invalid or otherwise inoperative, it is my intention that all of the other 
provisions hereof shall continue to be fully effective and operative insofar as is possible and reasonable.

IN WITNESS WHEREOF, the parties hereto have executed this agreement the day and year first above written.

_____________________________ ___________________________
Trustor

_____________________________

_____________________________ ___________________________
Trustee

_____________________________

I, the undersigned spouse of the above-described Trustor, do hereby waive and relinquish any and all claim to whatever community-property rights I may have in the hereinabove
-described property and do give and grant my assent to the trust and to the incorporation therein of said property.

_____________________________ ___________________________
Legal Spouse of Trustor

____________________________ 

STATE OF ___________________
                                     ss:
COUNTY OF __________________
On this __ day of _______________, 20__, before me personally came and appeared ____________________ and ____________________, known, and known to me, to be the individuals 
described in and who executed the foregoing instrument, and who duly acknowledged to me that they executed same for the purpose therein contained.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.

___________________________

My Commission Expires: ____________________