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Sample Irrevocable Trust Agreement California

Sample Irrevocable Trust Agreement California

4. LIMITING POWERS. Notwithstanding the contrary provisions, no power generally listed or delegated to directors under the Act can be construed as allowing grantor, agent or any other person to sell, buy, exchange, process or sell all or part of the corpus or the income of trusts, for a reasonable consideration in money or money. , or to allow Grantor to borrow directly or indirectly all or part of the corpus or income from trusts without reasonable interest or guarantees. 3. TRUSTEES` POWERS. In the management of trusts, agents have the following powers, all of which are exercised in trust, primarily in the interests of the beneficiaries: (a) the assets, any additional assets they may obtain, as far as they see fit, from holding and continuing to hold as an investment, as well as to invest and reinvest securities or real estate. whether or not they are income-producing, whether they are considered to be in the interests of trusts and beneficiaries. (b) ownership of trusts for time and conditions and the price or prices to be rented at their discretion and appreciation may seem fair and appropriate and in the best interests of trusts and beneficiaries. (c) to transfer and transfer ownership of the trusts or any interest or to exchange it for other real estate, for price or price and on terms according to their discretion and depending on your assessment, may be considered in the best interests of trusts and beneficiaries. (d) carry out all repairs and improvements deemed necessary and correct for and on the real estate that is part of the trusts at all times. (e) to deduct, withhold, waste and pay money that belongs to the trusts for all necessary and correct expenses related to the operation and execution of trusts. (f) vote on all securities of trusts and become a party to shareholder agreements they deem appropriate with respect to securities.

(g) consent to restructuring, consolidation, merger, liquidation, adaptation or any other modification of a company, company or association. (h) compromise, regulate, arbitrate or defend when claims or requirements are invoked in favour of or against trusts. (i) to cover and pay ordinary and necessary administrative costs, including (but not as a restriction) reasonable legal fees, accounting fees, investment lawyers` fees, etc. (j) by an agent or lawyer, by and under the authority, duly executed by the directors, to act in the performance of one of the authorized powers and duties. (k) to lend money to all uses of trusts or their management on their obligation or fiduciary title and to ensure their repayment by collateral, creation of a security interest on or other charge of some or all of the trusts` assets. (l) to lend funds to any person or person on terms and means and with the security they consider desirable for the good of trusts and beneficiaries. (m) to make transactions with the property of the trusts as an exclusive owner or as a general owner or sponsor, with all the powers usually exercised by such a person and an indisciperie interest in a property as a common tenant or tenant in partnership. (n) determine how ancillary costs associated with trust management are distributed between corpus and revenues.

o) Directors may act freely and under all the powers conferred upon them by this Agreement in all matters relating to trusts, after having formed their judgment on the basis of all the circumstances of a given situation on the wisest and best path that can be followed in the interests of trusts and beneficiaries , without obtaining the consent or permission of an interested person. , or the consent or consent of a court.