Common use of Initial Funding Clause in Contracts

Initial Funding. Grantor will cause to be transferred to trustee the monthly income of the beneficiary beginning in the month of , 20XX. Grantor intends that the income funding this trust, together with all accretions and additions thereto, shall be used, handled, and disposed of by the trustee and by any successor or substitute trustee as described in this instrument.

Initial Funding. Grantor will cause to be transferred to trustee the monthly income of the beneficiary beginning in the month of _____________, 20XX20_____. Grantor intends that the income funding this trust, together with all accretions and additions thereto, shall be used, handled, and disposed of by the trustee and by any successor or substitute trustee as described in this instrument.