Maryland § 14-407

§ 14-407.

    (a)    The following form may be used to create a trust by transfer:

“Transfer Under the Maryland Discretionary Trust Act

    (A).    I, _______________ (name of transferor or name of representative capacity if a fiduciary), transfer the property described in paragraph D to the trustee named in paragraph B, and such trustee’s successors, to be held in trust under the Maryland Discretionary Trust Act by the trustee for the benefit of the beneficiary named in paragraph C.

    (B)    (1)    The�trustee�shall�be�________________________________________

                                (name one or more).

        (2) At any time when the trustee is unable to serve as trustee, the following persons shall succeed as trustee in the order named (specify who replaces whom for multiple trustees):

            (i) ________________________________________________________

            (ii) ________________________________________________________

            (iii) ________________________________________________________

    (C) The beneficiary shall be ______________________________________________

                      (name one only)

    (D) The trust property shall be:

        (1) ______________________________________________________________

        (2) ______________________________________________________________

    (E) The trust shall terminate upon the first to occur of (check those applicable):

        (1) ________ the death of the beneficiary

        (2) ________ the following date: _____________________________________

        (3) ________ the following event: ____________________________________

    (F) Upon termination, the remaining trust property shall be distributed to

     ___________________________________________________________________

                      (name person or persons)

    (G) Revocability (check one):

        (1) ________ The transferor may revoke this trust.

        (2) ________ The transferor may not revoke this trust.

    Signature of transferor __________________________________________________

    Date of execution _______________________________________________________

    Signature of witness ____________________________________________________

        Date: ____________________________________________________________

        Name of attorney preparing this statement of transfer:

        __________________________________________________________________

    State of Maryland, __________________________ : ss

I hereby certify that on __________ (fill in date) before me, a notary public of the State of Maryland, personally appeared ____________________________________________ (name of transferor) known to me, or satisfactorily proven, to be the person whose name is subscribed to the within instrument and who acknowledges that he/she (strike one) executed the same for the purposes therein contained.

Witness my hand and Notarial Seal.

                           _________________________________

                          Notary Public

My commission expires: _______________.”

    (b)    The following form may be used to create a trust by declaration:

“Declaration of Trust Under the Maryland Discretionary Trust Act

    (A)    I, __________________________________________________ (name of property owner) declare that henceforth I as trustee will hold the property described in paragraph D in trust under the Maryland Discretionary Trust Act for the benefit of the beneficiary named in paragraph C.

    (B)    (1) At any time when I am unable to serve as trustee, the trustee shall be:

_____________________________________________________________________________

                  (name one or more)

        (2) At any time when the trustee who succeeds me is unable to serve as trustee, the following persons shall succeed as trustee in the order named (specify who replaces whom for multiple trustees):

            (i) _________________________________________________________

            (ii) ________________________________________________________

            (iii) _______________________________________________________

    (C) The beneficiary shall be _____________________________________________

    (D) The trust property shall be:

        (1) ______________________________________________________________

        (2) ______________________________________________________________

    (E) The trust shall terminate upon the first to occur of (check those applicable):

        (1) ________ The death of the beneficiary

        (2) ________ The following date: ____________________________________

        (3) ________ The following event: ___________________________________

        __________________________________________________________________

    (F) Upon termination, the remaining trust property shall be distributed to

    ________________________________________________________________________

                  (name person or persons)

    (G) Revocability (check one):

        (1) _______ The declarant may revoke this trust

        (2) _______ The declarant may not revoke this trust

    Signature of declarant ________________________________________________

    Date of execution _____________________________________________________

    Signature of witness __________________________________________________

    Date _________________________________________________________________

    Name of attorney preparing this declaration:

            __________________________________________________________

        State of Maryland, __________________________ : ss

        I hereby certify that on ____________________ (fill in date) before me, a notary public of the State of Maryland, personally appeared _______________________ (name of declarant) known to me, or satisfactorily proven, to be the person whose name is subscribed to the within instrument and who acknowledges that he/she (strike one) executed the same for the purposes therein contained.

Witness my hand and Notarial Seal.

                      _________________________________

                      Notary Public

My commission expires: ____________.”