Assignment of Beneficial Interest in a Trust

Assignment of Beneficial Interest in a Trust.doc (81.1 KiB)




ASSIGNMENT OF BENEFICIAL INTEREST IN TRUST

 

THIS ASSIGNMENT is made this ______ day of March, 2000, by _____________________________, whose address is __________________________________  (hereinafter referred to as “Assignor”), to ___________________________________________,  whose address is ____________________________________________, (hereinafter referred to as “Assignee”).

WITNESSETH:

WHEREAS, the Assignor is a beneficiary of the _____________________ LAND TRUST created by ____________________(Beneficiaries), by instrument dated March _____ 2000, naming ____________ as Trustee; and

WHEREAS, the Assignor desires to assign to the Assignee all of Assignor’s beneficial interest in the trust; and

WHEREAS, the trust instrument does not prohibit such assignment;

NOW, THEREFORE, for valuable consideration, the receipt of which is hereby acknowledged, the Assignor hereby assigns to the Assignee all Assignor’s interest as a beneficiary of the Trust, including all monies due or to become due to the Assignor there under; and

The Assignor authorizes the Trustee of the Trust to pay directly to the Assignee all monies or other benefits representing, or arising from, the interest assigned hereby.

IN WITNESS WHEREOF, the Assignor has executed this assignment the day and year first above written.

Signed, sealed and delivered in the presence of:

__________________________________        __________________________________
WITNESS                        (Beneficiary)

___________________________________
(Beneficiary)

Accepted by:  ________________________________
TRUSTEE

S:\Data\andra\ACQUISITION CKLST\flgbrk\A OF B I.doc

ACKNOWLEDGEMENT
STATE OF ______________}

COUNTY OF ____________    }

Before me, a Notary Public, on this day personally appeared __________________, known to me to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he/she executed the same for the purpose and consideration therein expressed.

Given under my hand and seal of office this _____ day of __________, 20____.

__________________________________
Notary Public, State of _______________

STATE OF ______________}

COUNTY OF ____________    }

Before me, a Notary Public, on this day personally appeared __________________, known to me to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he/she executed the same for the purpose and consideration therein expressed.

Given under my hand and seal of office this _____ day of __________, 20____.

__________________________________
Notary Public, State of _______________

ACKNOWLEDGEMENT

STATE OF _____________    }

COUNTY OF ___________    }

This instrument was acknowledged before me on the ____ day of __________, 20____, ____________________________, as TRUSTEE.

____________________________________
Notary Public, State of _________________

THIS DOCUMENT SHALL NOT BE RECORDED IN THE PUBLIC RECORDS
OF ANY COUNTY

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