The Demand Note is a return of capital, a note payable from the trust with no fixed term or repayment schedule. The Demand Note is used to take money from the trust tax free and is normally taken for expenses that the trust won’t cover (clothing, vacation, etc.). Every time that money is taken from the trust for things that the trust won’t cover, it will reduce your demand note. This document requires notarized signatures and should be kept in your trust book.

For further clarity on the Bill of Sale and Demand Note Process, please download the questions and answers.

EXHIBIT A

When you download the Blank Exhibit A, you will use this document to create your list of all assets that you want to “sell” to the trust. We do not require a copy of your Exhibit A, but you will need to keep it somewhere safe as this will be attached to your Bill of Sale documents once completed. Upon completing your list of assets on Exhibit A, you will need to value the assets at their cost basis (what you paid for the asset). Once you have calculated the Grand Total, you are ready to complete “Step 2.”

STEP 2

Download the Bill of Sale and Demand Note Fillable Information Form below.

STEP 3

The Motor Vehicle Trust Registration document is a form that is used to transfer a vehicle(s) from the seller to the trust. It does not necessarily have to be filed with your local DMV. However, if it is convenient to file, then please do so. This document requires notarized signatures and should be kept in your trust book.

The Equipment Lease Agreement for business equipment is used by companies when they have transferred/sold their assets from their business to their beneficial trust, and subsequently need to lease the assets back to the business for a monthly lease amount.

The Commercial Property Lease Agreement is used when real property has been transferred to the trust, and subsequently needs to be leased back to a business for a monthly lease amount.

The Intellectual Property Lease Agreement is for individuals who have tangible and intangible intellectual property that have been transferred to the trust, such as copyrights, trademarks, websites, marketing plans, etc. These tangible and intangible intellectual property assets can also be leased back for a monthly lease amount.

A Bill of Sale and Demand Note for Intellectual Property must also be completed. The value of assets depends on any actual expenses in developing the intellectual property.

The Professional Services Agreement is for clients who are contracting their services with the business trust.

Once all fillable forms have been completed, they will need to be saved to your computer/device and emailed to julie@geptrust.com