The Bare Trust Agreement Template – BC, Canada is offered in multiple formats including PDF, Word, and Google Docs. These formats are both customizable and ready to print, ensuring they cater to your requirements effortlessly.
Bare Trust Agreement Bc Template – Canada Editable – PrintableSample
1. Parties Involved 2. Purpose of the Bare Trust Agreement 3. Description of the Trust Property 4. Rights and Obligations of the Trustee 5. Rights of the Beneficiary 6. Duration of Trust 7. Distribution of Trust Property 8. Governing Law 9. Signatures and Acceptance
PDF
WORD
Examples
[Trustee’s Name]
[Trustee’s Address]
[Trustee’s Email]
[Trustee’s Phone]
[Beneficiary’s Name]
[Beneficiary’s Address]
[Beneficiary’s Email]
[Beneficiary’s Phone]
This Bare Trust Agreement (“Agreement”) is made and entered into on [Effective Date] between the Trustee and the Beneficiary for the purpose of holding the Beneficiary’s assets in trust.
The Trustee agrees to hold the assets specified in Schedule A (“Trust Property”) on behalf of the Beneficiary, who retains the right to direct the Trustee concerning those assets.
The Trustee shall manage and hold the Trust Property in accordance with the directions provided by the Beneficiary and shall act solely as a fiduciary on behalf of the Beneficiary.
The Trustee shall transfer the Trust Property to the Beneficiary upon request, subject to any applicable tax or legal considerations.
The Trustee may charge a reasonable fee for administration services, which must be disclosed to the Beneficiary prior to any service being rendered.
The Beneficiary agrees to indemnify the Trustee against any claims or liabilities incurred in the execution of this Agreement, provided the Trustee acts in good faith.
This Agreement shall be governed by and construed in accordance with the laws of the Province of British Columbia, Canada.
[Trustee’s Signature]
[Trustee’s Name]
[Beneficiary’s Signature]
[Beneficiary’s Name]
[Trustee’s Name]
[Trustee’s Address]
[Trustee’s Email]
[Trustee’s Phone]
[Beneficiary’s Name]
[Beneficiary’s Address]
[Beneficiary’s Email]
[Beneficiary’s Phone]
This Bare Trust Agreement outlines the terms under which the Trustee will hold property for the benefit of the Beneficiary effective as of [Effective Date].
The Trust Property shall include any assets described in Attachment A, and the Beneficiary has the right to direct all decisions regarding such assets.
The Trustee may only act as per the written instructions of the Beneficiary and shall not have discretion over the Trust Property.
The Trustee agrees to notify the Beneficiary promptly of any matters that may affect the Trust Property.
This Agreement shall terminate upon the written consent of both parties or the fulfillment of the Beneficiary’s instructions concerning the Trust Property.
The Trustee shall comply with all applicable laws and regulations in relation to the Trust Property.
This Agreement will be governed by the laws of British Columbia, Canada.
[Trustee’s Signature]
[Trustee’s Name]
[Beneficiary’s Signature]
[Beneficiary’s Name]
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