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Declaration of Trust
I, Barry Powell the grantor of this trust, declare and make this Inter-Vivos effective
on
Sept. 24, 2014.
This trust will be known as Barry Power Training. I, Barry Powell, will be trustee of
this trust
and any sub-trusts created under this trust. My marital status is that I am Married
and have
[three] 3 children.
Property Transfer
I transfer ownership to this trust of all of the assets, including but not limited to the
property any
rights, title and interest of said property located at [No property]
which are listed on the attached Schedule of Assets of Inter-Vivos Trust, which is
specifically
made a part of this trust. I reserve the right to add or delete any of these assets at
any time. In
addition, I will prepare a separate Deed, Assignment, or any other documents
necessary to carry
out such transfers. Any additions or deletions to the Schedule of Assets of InterVivos Trust
must be written, notarized, and attached to this document to be valid.
Grantors Rights
Until I die, I retain all rights to all income, profits, and control of the trust property. If
my
principal residence is transferred to this trust, I retain the right to possess and
occupy it for my
life, rent-free and without charge. I will remain liable for all taxes, insurance,
maintenance,
related costs, and expenses. The rights that I retain are intended to give me a
beneficial interest
in my principal residence such that I do not lose any eligibility that I may have for a
state
homestead exemption for which I am otherwise qualified.
Successor Trustee
Upon my death or if it is certified by a licensed physician that I am physically or
mentally unable
to manage this trust and my financial affairs, then I appoint Ella Powell, my wife,
who lives at
1922 Canyon Crest Drive Sugarland, TX 77479 as Successor Trustee, to serve
without bond
and without compensation. The successor trustee or alternative successor trustee
shall not be
liable for any actions taken in good faith. References to trustee in this document
shall include
any successor or alternative successor trustees.
Notary Acknowledgments
STATE OF TEXAS
COUNTY OF HARRIS
This instrument was acknowledged before me on Sept. 24, 2014 by Barry Powell, as
Grantor of Barry Power Training Trust the person whose name is subscribed to the
foregoing instrument and acknowledged to me that he executed the same for the
purposes and consideration therein
expressed.
Given under my hand and seal:
______________________________
Notary Public
Printed name:___________________
Schedule of Assets
This Schedule of Assets of Inter-Vivos Trust is made on Sept. 24, 2014, by Barry
Powell
the grantor, to Barry Power Training dated Sept. 24, 2014. All grantors right, title,
and
interest in the following property shall be the property of the trust: There is no real
property at date of creation.
______________________________
Signature of Grantor
Barry Powell
Notary Acknowledgments
STATE OF TEXAS
COUNTY OF HARRIS
This instrument was acknowledged before me on Sept. 24, 2014 by [Barry Powell],
as Grantor of Barry Power Training, the person whose name is subscribed to the
foregoing instrument and acknowledged to me that he executed the same for the
purposes and consideration therein expressed.
Given under my hand and seal:
______________________________
Notary Public
Printed name:___________________
My Commission Expires:
Schedule of Beneficiaries
This Schedule of Beneficiaries is made on Sept 24, 2014 by Barry Powell, the
grantor, to
Barry Power Training dated Sept. 14, 2014
Upon the death of the grantor of the trust and the payment of all debts, taxes, and
liabilities of the
grantor, the Successor Trustee shall distribute the remaining assets of the Trust as
follows:
All the rest and residue of the trust assets shall be distributed to Ella Powell, my wife
who lives at 1922 Canyon Crest Drive Sugarland, TX 77479 ]and if any of the
Beneficiaries named on this Schedule of Beneficiaries is subject to the terms of any
childrens trust in the main trust document to which this Schedule pertains, then
any property distributed to such Beneficiary shall be subject to the terms of any
such childrens trust.
Phillip Max Powell
33 1/3%
Vladimir Powell
33 1/3%
Alexander Barry Powell 33 1/3%
_____________________________
Signature of Grantor
Barry Powell
Notary Acknowledgments
STATE OF TEXAS
COUNTY OF HARRIS
This instrument was acknowledged before me on Sept. 24, 2014 by Barry Powell as
Grantor of Barry Power Training, the person whose name is subscribed to the
foregoing instrument and acknowledged to me that he executed the same for the
purposes and consideration therein expressed.
Given under my hand and seal: