“Agent” means the appointed agent, his successors, the beneficiaries of the assignment operating under this Agreement. Trusts of descendants are separated and held by the agent for the benefit of that descendant for as long as he or she is under 30 years of age. The trustee manages the financial confidence of the beneficiary in terms of education, health and other financial aid. All income from the trust will rotate and be added to the capital of the trust. After the death of the licensor, the agent distributes the assets of the trust in accordance with the licensor`s will, including the real estate that can be distributed to the agent. Real estate that is not mentioned in the will is distributed as follows: corporate trust agreements are used to manage property and property, but they can be applied in different ways. For family businesses, a trust is a way to distribute assets and keep those assets in the family after the dealer leaves or dies. Non-profit trusts are another form of corporate trust agreement that benefits a charity. This type of business trust can be used in an ongoing transaction where the business owner benefits from the trust for a certain period of time and then the rest goes to charity. Some entrepreneurs use the tax benefits of non-profit trusts to dissolve or exit businesses to limit financial risk, as this type of trust is exempt from tax. In the event that the remaining trust under this instrument is considered unjustified with respect to its size, the agent may terminate the trust agreement and pay the amount to the designated beneficiary of the trust. The agent must have prepared a financial report for the trust showing all transactions, payments and distributions of capital and income from the trust.
Revocable trust. This position of trust may be revoked or modified at any time by the settlor. He is able to modify the conditions of a document, to modify the mandatary and the beneficiary of the trust. In addition, the Settlor may terminate the trust agreement at its own discretion. Irrevocable trust. Unlike a revocable trust, this type cannot be modified or revised before the agreement expires. Termination of the trust can only take place with the agreement of the beneficiary. In the event that the mandatary becomes unfit for work, the mandatary immediately resigns as mandatary and the rights and obligations are transferred to the subsequent mandatary.
In the event that no trustee succeeds during the validity of this Agreement, this Agreement shall be terminated and all fiduciary assets shall be transferred to the Beneficiaries, provided that the Beneficiaries are of legal age to manage the Trust Real Property. The main factor in building a valid and enforceable business force is that after the trust is created, the licensor must ensure that all corresponding assets are transferred to the trust, or the trust is useless. . . .