Common Contracts

DECLARATION OF IRREVOCABLE SPECIAL NEEDS TRUST

Trust Agreement • January 23rd, 2020 • Florida

• Contract Type
  Trust Agreement
• Filed
  January 23rd, 2020
• Jurisdiction
  Florida

This is an irrevocable trust for the sole and exclusive benefit of the Beneficiary. Settlor declares that the property described in Exhibit “A” attached to this instrument has transferred to the Trustee, without consideration. The Trustee hereby agrees to hold that property and any other property of the trust estate, in trust, on the terms set forth in this instrument. It is Settlor's desire, by this instrument, to create an inter vivos irrevocable special needs trust, whereby the property placed in trust shall be managed for the benefit of the Beneficiary during the Beneficiary’s lifetime and distributed to the beneficiaries named herein upon the death of the Beneficiary.