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HomeMy WebLinkAboutTRUST - 22-00520 - 742 Nina Drive - Rezone from LDR1 to MDR1 (1)NTM The Van and Wendy Heder Revocable Trust Agreement with Van Heder and Wendy Heder as Trustors and as presently acting Co -Trustees Creating a Revocable Trust known as the Van and Wendy Heder Revocable Trust Dated the 4th day of March, 2010 -1- The van and Wendy Heder Revocable Trust A4 `UI I THE VAN AND WENDY HEDER REVOCABLE TRUST AGREEMENT This living revocable trust agreement is entered into on this 4th day of March, 2010 by and between Van Orr Heder and Wendy Allison Poole Heder of Tooele, Utah. This Trust Agreement is executed in duplicate between Van Heder and Wendy Heder, acting in thew- various current property ownership capacities, and Van Heder and Wendy Heder, acting in their new fiduciary capacities as co - Trustees of the Trusts created by this Trust Agreement. When acting in their current ownership capacities, Van Heder and Wendy Heder will be referred to individually or jointly throughout this Trust Agreement as the Undersigned, the Trustors, or by their names, Van and Wendy. They are called Trustees in this Trust Agreement when acting in that capacity. Article I. Purposes of the Trust A. The overall purposes of this Trust Agreement and the Trusts created by it are the following: 1. To provide for Van and Wendy's education, health, maintenance, and support during their lifetimes. 2. To provide for the orderly disposition of Van and Wendy's property interest to the greatest extent possible, to the beneficiaries who are named in this instrument. 3. To accomplish the foregoing with as little liability as is reasonably possible, either for death tax liability or any corresponding provisions of the laws of the state imposing such tax on any property over which this Trust shall have ownership. The Trustees are directed to interpret and administer this Trust and any subsequent trusts created by this Trust Agreement with these purposes in mind. Article H. Transfers in Trust Throughout this Trust Agreement, the first Trustor to die shall be referred to as the "Deceased Spouse" and the then living Trustor shall be referred to as the "Surviving Spouse." A. Transfer of Property on Schedule A into Trust. In exchange for valuable consideration, Van and Wendy now transfer, assign, grant, convey, pay over, and deliver to Van and Wendy as Trustees, and to the successor Trustees of this Trust Agreement the property listed in "Schedule A" and the supplemental schedules annexed to this Trust Agreement and incorporated into this Trust Agreement by reference. The Trustees are to have and to hold in Trust all of this property and any cash, securities, or other property that the Trustees may acquire at any time under any provisions of this Trust Agreement. All property that comes under the control of this Trust Agreement _4�1 V The Van and Wendy Heder Revocable Trust WH