(a) Transfers.- The following form may be used to create a trust by transfer:
"Transfer Under the Maryland Discretionary Trust Act
A. I, __________ (name of transferor or name of representative capacity if a fiduciary), transfer the property described in paragraph D to the trustee named in paragraph B, and such trustee's successors, to be held in trust under the Maryland Discretionary Trust Act by the trustee for the benefit of the beneficiary named in paragraph C.
B. 1. The trustee shall be ____________________________________________.
(name one or more)
2. At any time when the trustee is unable to serve as trustee, the following persons shall succeed as trustee in the order named (specify who replaces whom for multiple trustees):
i. ________________________________________________________________________
ii. _______________________________________________________________________
iii. ____________________________________________________________________.
C. The beneficiary shall be ______________________________________________
State of Maryland, ____________________________ : ss
I hereby certify that on ____________ (fill in date) before me, a notary public of the State of Maryland, personally appeared ____________ (name of transferor) known to me, or satisfactorily proven, to be the person whose name is subscribed to the within instrument and who acknowledges that he/she (strike one) executed the same for the purposes therein contained.
(b) Declarations.- The following form may be used to create a trust by declaration:
"Declaration of Trust Under the Maryland Discretionary Trust Act
A. I, __________ (name of property owner) declare that henceforth I as trustee will hold the property described in paragraph D in trust under the Maryland Discretionary Trust Act for the benefit of the beneficiary named in paragraph C.
B. 1. At any time when I am unable to serve as trustee, the trustee shall be: ____________________________
(name one or more)
2. At any time when the trustee who succeeds me is unable to serve as trustee, the following persons shall succeed as trustee in the order named (specify who replaces whom for multiple trustees):
i. ________________________________________________________________________
ii. _______________________________________________________________________
iii. ____________________________________________________________________.
C. The beneficiary shall be __________________________________________.
I hereby certify that on __________ (fill in date) before me, a notary public of the State of Maryland, personally appeared __________ (name of declarant) known to me, or satisfactorily proven, to be the person whose name is subscribed to the within instrument and who acknowledges that he/she (strike one) executed the same for the purposes therein contained.
(a) Transfers.- The following form may be used to create a trust by transfer:
"Transfer Under the Maryland Discretionary Trust Act
A. I, __________ (name of transferor or name of representative capacity if a fiduciary), transfer the property described in paragraph D to the trustee named in paragraph B, and such trustee's successors, to be held in trust under the Maryland Discretionary Trust Act by the trustee for the benefit of the beneficiary named in paragraph C.
B. 1. The trustee shall be ____________________________________________.
(name one or more)
2. At any time when the trustee is unable to serve as trustee, the following persons shall succeed as trustee in the order named (specify who replaces whom for multiple trustees):
i. ________________________________________________________________________
ii. _______________________________________________________________________
iii. ____________________________________________________________________.
C. The beneficiary shall be ______________________________________________
State of Maryland, ____________________________ : ss
I hereby certify that on ____________ (fill in date) before me, a notary public of the State of Maryland, personally appeared ____________ (name of transferor) known to me, or satisfactorily proven, to be the person whose name is subscribed to the within instrument and who acknowledges that he/she (strike one) executed the same for the purposes therein contained.
(b) Declarations.- The following form may be used to create a trust by declaration:
"Declaration of Trust Under the Maryland Discretionary Trust Act
A. I, __________ (name of property owner) declare that henceforth I as trustee will hold the property described in paragraph D in trust under the Maryland Discretionary Trust Act for the benefit of the beneficiary named in paragraph C.
B. 1. At any time when I am unable to serve as trustee, the trustee shall be: ____________________________
(name one or more)
2. At any time when the trustee who succeeds me is unable to serve as trustee, the following persons shall succeed as trustee in the order named (specify who replaces whom for multiple trustees):
i. ________________________________________________________________________
ii. _______________________________________________________________________
iii. ____________________________________________________________________.
C. The beneficiary shall be __________________________________________.
I hereby certify that on __________ (fill in date) before me, a notary public of the State of Maryland, personally appeared __________ (name of declarant) known to me, or satisfactorily proven, to be the person whose name is subscribed to the within instrument and who acknowledges that he/she (strike one) executed the same for the purposes therein contained.
(a) Transfers.- The following form may be used to create a trust by transfer:
"Transfer Under the Maryland Discretionary Trust Act
A. I, __________ (name of transferor or name of representative capacity if a fiduciary), transfer the property described in paragraph D to the trustee named in paragraph B, and such trustee's successors, to be held in trust under the Maryland Discretionary Trust Act by the trustee for the benefit of the beneficiary named in paragraph C.
B. 1. The trustee shall be ____________________________________________.
(name one or more)
2. At any time when the trustee is unable to serve as trustee, the following persons shall succeed as trustee in the order named (specify who replaces whom for multiple trustees):
i. ________________________________________________________________________
ii. _______________________________________________________________________
iii. ____________________________________________________________________.
C. The beneficiary shall be ______________________________________________
State of Maryland, ____________________________ : ss
I hereby certify that on ____________ (fill in date) before me, a notary public of the State of Maryland, personally appeared ____________ (name of transferor) known to me, or satisfactorily proven, to be the person whose name is subscribed to the within instrument and who acknowledges that he/she (strike one) executed the same for the purposes therein contained.
(b) Declarations.- The following form may be used to create a trust by declaration:
"Declaration of Trust Under the Maryland Discretionary Trust Act
A. I, __________ (name of property owner) declare that henceforth I as trustee will hold the property described in paragraph D in trust under the Maryland Discretionary Trust Act for the benefit of the beneficiary named in paragraph C.
B. 1. At any time when I am unable to serve as trustee, the trustee shall be: ____________________________
(name one or more)
2. At any time when the trustee who succeeds me is unable to serve as trustee, the following persons shall succeed as trustee in the order named (specify who replaces whom for multiple trustees):
i. ________________________________________________________________________
ii. _______________________________________________________________________
iii. ____________________________________________________________________.
C. The beneficiary shall be __________________________________________.
I hereby certify that on __________ (fill in date) before me, a notary public of the State of Maryland, personally appeared __________ (name of declarant) known to me, or satisfactorily proven, to be the person whose name is subscribed to the within instrument and who acknowledges that he/she (strike one) executed the same for the purposes therein contained.