ASSIGNMENT OF BENEFICIAL INTEREST IN TRUST 2

Prepare Assignment of beneficial interest in the trust to share the profits equally between assignor and assignee.

Do you want to prepare Assignment of beneficial interest in trust form? Then, you can find ample templates on the internet. However, you need to find the best one that includes all the terms and conditions in a clear and crisp way. Generally, this is an agreement made between the assignor and assignee while assignor is transferring the right, they hold on the trust to assignee. However, this form becomes valid only if it is attested by the notary public of that particular state where the trust is located. Most importantly, you need to enter the address of both the assignor and assignee in this form. Prior to transferring the rights to the assignee, both the assignor and assignee have to read the clauses thoroughly and put their signature. Generally, the assignor who is the beneficiary of a land trust has to enter the trust name that was created in this form along with the date and year on which this trust was established. The main objective of creating this Assignment of beneficial interest in trust form is to transfer the assignor’s beneficial interest on the trust to the assignee. This form stands as a concrete proof which transfers the trust rights from the assignor to assignee.

After the assignor is transferring the rights to the assignee, then the money due and taxes to be paid also get transferred to assignee and he/she is responsible to take care of them since then. Most importantly, the assignor will inform the trustee of the trust to give the money or the profits that are reaped to the assignor directly. This form has to be signed not only by the assignor and assignee, but also by two witnesses and attested by the notary public of that particular county. Basically, this document is not found in the public records of that particular country. It is just prepared for easy understanding of assignor and assignee.

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ASSIGNMENT OF BENEFICIAL INTEREST

________________________________________________________________

THIS ASSIGNMENT is made this _____ day of ___________________________ by ___________________________, (hereinafter referred to as “Assignor”), to ___________________________, (hereinafter referred to as “Assignee”).

WITNESSETH:

WHEREAS, the Assignor is beneficiary of a trust created by ___________________________ by instrument dated ___________________________, 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; and

WHEREAS, the trust has not been revoked; and

WHEREAS, the Assignor’s beneficial interest in the Trust assigned herein is 100% of the beneficial interest in the Trust;

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 thereunder; 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.

_________________________________________________________________(Seal)
Assignor

_________________________________________________________________(Seal)
Assignor

_________________________________________________________________(Seal)
Assignee

_________________________________________________________________(Seal)
Trustee

Sworn to and described before me this ______ day of _______________, 20____.

________________________________        ____________________________________
Witness                        Notary Public
(Seal)