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Settlor Sample Clauses

Settlor. This Alabama Family Trust ("AFT") account is hereby created and established by: , also known as the Settlor. If the Settlor is unable to sign the documents, the name of the person acting on behalf of the Settlor is .
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Settlor. This Alabama Family Trust ("AFT") account is hereby created and established by:
Settlor. This term shall have the meaning set forth in the Preamble of the Trust Agreement.
Settlor. Xxxx Xxxxx XxxxxxxX in xxx Xxxxx xx Xxx Xxxxx Xxxxx 0000; and Xxxx Xxxx Sherlock in the Xxxxx xx Xxx Xxxxx Xxxxx 0000.
Settlor. The settler is the person who assigned the insurance policy to the funeral home as owner and beneficiary, or designated the funeral home as a beneficiary of the policy. (The settler may be the person insured, or a different person). The settlor is: Funeral home. The funeral home is the trustee for the mortuary trust. The funeral home may be an individual, a firm, an association, a partnership or a corporation. The settlor hereby appoints the funeral home identified below as trustee. The funeral home need not post bond or enter security. By signing this agreement, the funeral home accepts this appointment as trustee of the mortuary trust.  Representative of settlor (check if applicable). This is the person for the funeral home to contact and report to in lieu of the settlor for all purposes under this agreement. The representative of the settlor may exercise all powers and authority conferred upon the settlor by this agreement.
Settlor. If at the time a Settlor revokes the contribution to the AFT Trust, the Beneficiary has received any benefits, AFT Trust income, or principal, then, subject to the payment of administrative fees and expenses as established by the AFT Corporation, an amount equal to 95 percent of the fair market value of the principal balance of the Beneficiary’s account (as determined on the date of distribution) shall be returned to the Settlor. The remaining balance of the Beneficiary’s account shall be distributed to the AFT Charitable Trust. At the Beneficiary’s death, if the Beneficiary has not received AFT Trust income or principal, then, subject to the payment of administrative fees and expenses as established by the AFT Corporation, an amount equal to the current fair market value of the balance of the Beneficiary’s account in the AFT Trust as determined on the date of distribution shall be distributed to the Remainder Beneficiaries. If the Beneficiary has received any AFT Trust income or principal, then, subject to the payment of administrative fees and expenses as established by the AFT Corporation, an amount equal to 95 percent of the fair market value of the principal balance of the Beneficiary’s account (as determined on the date of distribution) shall be distributed to the Remainder Beneficiaries. The remaining balance of the Beneficiary’s account shall be distributed to the AFT Charitable Trust.
Settlor. Should Settlor be deemed incompetent or disabled as above defined, besides revocation of all fiduciary powers and authority allowed to Settlor, Settlor shall automatically not have any right of election or decision as reserved to a Settlor by this Agreement or applicable law.
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Settlor. The Settlor of this Insurance Trust is as indicated below: Accepted
Settlor. Settlor" shall mean TXI Texas, Inc., a Delaware corporation.
Settlor. The settlor is the person who assigned the insurance policy to the funeral home as owner and beneficiary, or designated the funeral home as a beneficiary of the policy. (The settlor may be the person insured, or a different person.) The settlor is: (name) (relationship to insured) (address) (city, state, zip) (telephone) Funeral home. The funeral home is the trustee for the mortuary trust. The funeral home may be an individual, a firm, an association, a partnership or a corporation. The settlor hereby appoints the funeral home identified below as trustee. The funeral home need not post bond or enter security. By signing this agreement, the funeral home accepts this appointment as trustee of the mortuary trust. (name) (address) (city, state, zip) (telephone) □ Representative of settlor (check if applicable). This is the person for the funeral home to contact and report to in lieu of the settlor for all purposes under this agreement. The representative of the settlor may exercise all powers and authority conferred upon the settlor by this agreement. (name) (relationship to person insured) (address) (city, state, zip)
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