Get Trustee Statement And Agreement - Goforformscom

Filling out the Trustee Statement and Agreement is essential for designating a trust as the owner of a life insurance policy. This guide provides a step-by-step approach to help users complete the form accurately and effectively, ensuring compliance and clarity throughout the process.

Follow the steps to complete the Trustee Statement and Agreement effectively.

1. Press the ‘Get Form’ button to access the Trustee Statement and Agreement form and open it in the editing interface.
2. Begin by entering the policy information. Input the policy number assigned by the company, the name of the insured party, and the name of any joint insured if applicable.
3. Complete the trust owner information section. Enter the trust's name, the date of the trust, and check the appropriate box indicating whether the trust is irrevocable or revocable. Additionally, provide the state and country where the trust is sitused.
4. List the names of the grantors, providing their first, middle initial, and last names. Specify the relationship of the grantor(s) to the insured.
5. In the type of trust section, check the box that corresponds to the trust type, such as family trust, insurance trust, etc. Answer the question regarding any related agreements by checking 'Yes' or 'No' as appropriate.
6. Provide trustee information by listing the names of all current trustees. If any insurance producer is a trustee, indicate their relationship to the insured on the appropriate lines.
7. For trusts with multiple trustees, indicate the signing authority under the terms of the trust agreement. Provide contact information for the trustee who will handle communications, including name, address, and telephone number.
8. Identify trust beneficiaries by checking the relationships that apply to the insured and, if relevant, provide percentages of interest for each beneficiary.
9. Finally, all trustees must sign and date the document, affirming the trust's validity and agreement to the terms stated in the Trustee Statement.
10. Once all sections are completed, save your changes, then download, print, or share the Trustee Statement and Agreement as needed.

Complete your Trustee Statement and Agreement online today for a smooth and efficient process.