Trustme - Ed
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Description
The Trustme - ed form is a College Education Trust Agreement designed to manage assets for the health, education, and support of a designated Beneficiary. This irrevocable trust ensures that the Grantor waives any rights to amend or terminate the trust, thereby securing funds specifically for educational purposes. Key features include funding mechanisms through lifetime gifts and testamentary transfers, along with provisions for distributions to the Beneficiary under specific conditions. The form outlines instructions for the Trustee's authority, including asset management and distribution mechanisms based on the Beneficiary's age. It also specifies what happens in the event of the Beneficiary's death, ensuring a clear process for asset distribution. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in managing fiduciary responsibilities or estate planning, allowing them to effectively facilitate educational funding while protecting the interests of the Beneficiary.
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