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

   1. 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.

   2. B. 1. The trustee shall be __________ (name one or more).

      1. 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.

   “Transfer Under the Maryland Discretionary Trust Act

2. C. The beneficiary shall be

   1. D. The trust property shall be:

      1.

      2.

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

      1. 1. __________ the death of the beneficiary

   (name one only)

3. 2. __________ the following date:
4. 3. __________ the following event:

5. F. Upon termination, the remaining trust property shall be distributed to .

   1. G. Revocability (check one):

      1. 1. __________ The transferor may revoke this trust.

      2. 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: _______________.”

   (name person or persons)

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

   1. 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.

   “Declaration of Trust Under the Maryland Discretionary Trust Act

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

   1. 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.

   (name one or more)

8. iii. .

9. C. The beneficiary shall be .

   1. D. The trust property shall be:

      1.

      .

      2.

      .

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

      1. 1. _____ The death of the beneficiary
10. 2. _____ The following date:

11. 3. _____ The following event:

    .

12. F. Upon termination, the remaining trust property shall be distributed to .

    1. G. Revocability (check one):

       1. 1. __________ The declarant may revoke this trust.

       2. 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: ____________________”.

    (name person or persons)

Added by Acts 1994, c. 418, § 1, eff. Oct. 1, 1994. Amended by Acts 1995, c. 3, § 1, eff. March 7, 1995.