Land Trust Agreement Template

This Land Trust Agreement hereinafter referred to as the “Agreement”) made and entered into this [Document.CreatedDate], by and between:

Name: [Landowner.FirstName][Landowner.LastName], [Landowner.Company] and; Name: [Trustee.FirstName][Trustee.LastName], [Trustee.Company]​

​[Landowner.Company]/[Landowner.FirstName][Landowner.LastName]) (hereinafter referred to as "Landowner"); and [Trustee.Company]/[Trustee.FirstName][Trustee.LastName] (hereinafter referred to as “Trustee”);

Title of Trust

This trust is known as the (insert the name of the trust) and shall be referred to as “Trust.” in this Agreement.

Trust Land/Property

The Trust property shall consist of (insert the description of the land/property).

Purpose of the Trust

The purpose of the Trust is to manage, preserve, sustain, and protect the land as described in this Agreement and adhere to the provisions as stated in this Agreement.

Beneficiaries and Interest

The beneficiaries of the Trust shall include;

1. (insert information about the first beneficiary)

2. (insert information about the second beneficiary)

3. (insert information about the third beneficiary)

Perpetuity

The Trust shall remain in effect for an unlimited period. It cannot be terminated by any of the parties until and unless there is a written agreement to terminate it and all parties duly sign it.

Death of beneficiaries

In the event of the death of any of the beneficiaries, the trust shall not be terminated. It shall be managed and held by the successors of the beneficiaries by the terms of this Agreement.

Compensation of the Trustee

The Trustee shall be paid an amount of (insert the amount with currency) for services rendered (insert time frame, like monthly, quarterly, or annually) upon approval of the Landowner.

Trust Management

The Trustee shall be responsible for the management of the trust property as per the terms of this Agreement and with the best interests of the beneficiaries in mind.

Duties of Trustee

• Manage the trust per the Trust provisions;

• Manage the trust resources;

• Invest and reinvest trust funds;

• File the trust taxes and keep accurate records of the trust finances;

• Provide the beneficiaries with all records and information related to the trust;

• Distribute trust funds to the beneficiaries as prescribed by the terms of this Agreement

Power of Trustee

The Trustee shall be authorized to perform the following powers in good faith and prudent judgment:

• Manage, control, and protect the trust land/property;

• Sell, lease, or otherwise transfer the trust land/property;

• Make investments, contributions, and disbursements concerning the trust land/property;

Delegation

The Trustee may delegate any of their powers and duties under this Agreement to any other person or entity, provided that the Landowner approves such delegation in writing.

Severance

If any part of this Agreement is deemed invalid or unenforceable, the Agreement shall remain in full force and effect and be construed as though such provision was not a part of the Agreement.

Interests and taxes

The Trustee shall (insert as applicable: be/not be) responsible for paying any applicable taxes and interests related to the Trust, including but not limited to any federal, state, or local taxes.

Amendment of the Agreement

This Agreement may be amended in writing and signed by both parties.

Trustee not Liable

The Trustee shall not be liable for any damage or loss of the trust property caused by the Landowner or any authorized third party.

Notices

All notices required to be given shall be in writing and provided to the parties in person or by certified mail, return receipt requested.

Miscellaneous provisions

(insert a list of any other provisions, as applicable)

Governing Laws

This Agreement shall be governed by and construed under the laws of the State of [Landowner.State].

Agreed and Accepted

IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement as of the date first above written.