50 Best Trust Agreement Templates

1. Clarity of Roles and Powers
Define trustee, beneficiaries, and powers explicitly; specify distributions, investment standards, and fiduciary duties to prevent ambiguity and disputes.

2. Governing Law and Compliance
State governing law, court jurisdiction, tax considerations, and compliance with relevant laws to ensure enforceability and proper reporting.

3. Amendment and Revocation Provisions
Outline how amendments can be made, who has authority, and procedures for revocation or succession to trustees to avoid deadlock and ensure continuity.