Trust Minutes Sample

Trust Minutes Sample

TRUST MINUTES FOR [TRUST NAME]


Minutes of a meeting of Trustees held on _____/_____/_____ at _____:_____ AM/PM.


PRESENT: John Doe, Mary Doe, Jeff Doe


CHAIR AND QUORUM: The meeting was chaired by _________ noting the quorum was present.


NOTICE OF MEETING: Requirements for notice of the meeting had been satisfied.


RESOLUTIONS: Meeting resolved... 


CLOSURE: There being no further business the meeting was closed.


Signed as a correct record of the meeting by:


_______________________

[FULL NAME], Trustee 




RESOLUTION EXAMPLES

VEHICLE & USE: The use of vehicle with VIN #_____________, a make/model _____________ made in the year _____________ has been granted for all trustee purposes. The trust will pay insurance and be the sole liability bearer.


MONEY TRANSFER (OUTGOING): $_____________  was sent to _____________ for the purposes of _____________ .


TRUSTE MONEY TRANSFER (INCOMING): The person named _____________ has exchanged $_____________  for (___) capital interest certificate(s) with majority approval by trustees for its issuance.


ASSET TRANSFER: The person named _____________ has exchanged the property herein described: _____________ for (___) capital interest certificate(s) with majority approval by trustees for its issuance.


HOME TRANSFER: The person named _____________ has exchanged the property herein described with the real property information being: _____________ for (___) capital interest certificate(s) with majority approval by trustees for its issuance.


CHANGE OF INDENTURE: The grantor, currently named beneficiary(ies) and all trustees unanimously agree to the following changes to the trust indenture: _____________.

PRIVATE CONTRACT & UCC-1 INDEBTEDNESS: The trustees have agreed to enter into a private security agreement with _____________ exchanging $_____________ for _____________ (services, property, etc.). Both parties agree that a UCC-1 may potentially be filed with the Secretary of State for right of first lien purposes.


NEW BYLAW: The trustees by majority vote have enacted the following: _____________.

    • Related Articles

    • Does Every Transaction / Purchase Need To Go Into Trust Minutes

      Yes, keep records of everything the trust does in the trust minutes. At the very least record general details (e.g. Home Depot = $47.30, Groceries = $103.11, etc.). A check can be written or money withdrawn to help beneficiaries with purchases. All ...

    • Can ​The Irrevocable Trust Indenture Be Modified

      Yes, this is known as consent modification. 1) Get authorization from the grantor/creator + all beneficiaries + all trustees to make any and all changes to the trust indenture. When a minor or unborn person is a beneficiary, consent on the ...

    • How To Dissolve a Bulletproof Trust

      To dissolve a Bulletproof Trust, there are a number of steps to complete: Have a final Trust Meeting with a majority vote by all Trustees to dissolve the trust, per 6.16. Record this new bylaw and complete all unfinished Trust Minutes from prior ...

    • When Removing A Property from The Tax Rolls With A Sheriff - Is There A Witness Affidavit Sample In Case of Denial

      There is not sample because an affidavit is a written statement of a witnesses' personal observations. A witness states their version of events and swears that it's the truth. This is always custom to the situation.

    • What Does One Need To Open A Trust Bank Account

      First, ensure the Trust Corpus and forms are properly filled out (do not sign them yet). Next, get the EIN from the IRS, online. With these materials in hand, set up an appointment for one of the following banks: Chase Bank TD Ameritrade PNC CitiBank ...