Common use of Settlor Clause in Contracts

Settlor. The undersigned (“Settlor”) hereby transfers the amount of $ and will transfer funds in the future as described in Section M for deposit into an Individual Trust Account (ITA) in the Trust, for the benefit of the Beneficiary named below. The Trust is a Third-Party Supplemental Needs Trust (SNT). Funds are pooled for investment purposes. Interest, dividends and other income on each Individual Trust Account is taxable to the Beneficiary. Relationship to Beneficiary: ☐ Parent ☐ Grandparent ☐ Agent under Power of Attorney ☐ Court Appointed Guardian ☐ Trust ☐ Other Name of Person(s) or Trust: Address: Home Phone: Cell Phone: Email: Preference to receive communication via (choose all that are applicable): ☐ Email ☐ Cell Phone ☐ Home Phone ☐ Work Phone ☐ Text Message to Cell Phone