Trust Agreement For A Company
Revocable trust. This position of trust may be revoked or modified at any time by the settlor. He is able to modify the conditions of a document, to modify the mandatary and the beneficiary of the trust. In addition, the Settlor may terminate the trust agreement at its own discretion. Irrevocable trust. Unlike a revocable trust, this type cannot be modified or revised before the agreement expires. Termination of the trust can only take place with the agreement of the beneficiary. In the event that the remaining trust under this instrument is considered unjustified with respect to its size, the agent may terminate the trust agreement and pay the amount to the designated beneficiary of the trust. In the event that the mandatary becomes unfit for work, the mandatary immediately resigns as mandatary and the rights and obligations are transferred to the subsequent mandatary. . . .