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Collateral Trust Agreement between Partners

Use this template to prepare a Collateral Trust Agreement Between Partners for a two-party partnership.
  • One partner appoints a trustee to hold a life insurance policy or policies on the life of the other partner in trust on the partner's behalf.
  • Upon the death of the insured partner, the partner agrees to purchase the insured partner's interest, using the proceeds from the insurance policy ⁄ policies.
  • The trustee will hold the insurance policy ⁄ policies in trust, but the partner will receive all dividends.
  • The partner will pay the trustee a yearly fee for acting as trustee.
This Collateral Trust Agreement Between Partners is available in MS Word format, and is fully editable to meet your needs.

Download: Collateral Trust Agreement between Partners

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Canadian Law Resources: (14-Apr-2018) E.&O.E.

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