Copy of Trust beneficiaries and addendum.pdf

Nicholas R Long Petitioner V Township Of Highland Respondent · 26-002651-TT

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Christopher G. Schultz 

Cummings, McClorey, Davis & Acho, P.L.C. 

33900 Schoolcraft 

Livonia, Michigan 48150-1392 

(734) 261-2400 

T

JULIETTE 

A. MURAD 

REVOCABLE LIVING TRUST 

DATED 

NOVEMBER 17,2010 

This Trust Agreement made this 17° day of November, 2010, by Juliette A. Murad, of the 

Township of Highland, County of Oakland, State of Michigan, hereinafter called the Settlor, and 

Juliette A. Murad, of the Township of Highland, County of Oakland, State of Michigan, 

hereinafter called the Trustee. 

WITNESSETH: 

The Settor intends to create a Revocable Living Trust to provide for the administration of 

Seitlor's property, and the distribution of that property to her children, in equal shares. 

That the Settlor has this day delivered to the Trustee the property described in Schedule A, 

attached hereto, and the Trustee agrees to hold, administer and distribute all of the property (together 

with all additions thereto and all reinvestment thereof), in accordance with the terms and provisions 

of this Trust. 

ARTICLE] 

A. 

During the lifetime of the Seitlor the Trustee shall receive, hold and manage the trust 

property and shall invest and reinvest said property, and shall collect the income, if any, and after 

paying all expenses properly chargeable thereto, shall pay over to, or for the benefit of the Settlor 

during her lifetime, so much of the annual net income and such amount or amounts of principal as 

the Settlor may need to maintain her established standard of living and shall add to principal any

income not so requested. If at any time, or times the Settlor is under a legal disability, or by reason 

of illness or mental or physical disability, is in the opinion of her treating physician, unable properly 

to manage her affairs, the Successor Trustee may use the net income and as much of the principal 

as the Successor Trustee deems best for the care, support and comfort of the Settlor or for any other 

purpose the Successor Trustee considers to be for the best interest of the Settlor adding to principal 

any income not so used. 

B. 

Unless sooner terminated as hereinafter provided, upon the death of the Settlor the 

Trust shall become irrevocable and the principal thereof (including undistributed income added to 

principal) shall be held and administered by the Successor Trustee as follows: 

1. 

Debts of Settlor, administration expenses attributable to the death of the 

Settlor, and death taxes imposed upon the estate of the Settlor, which are legal obligations of the 

Trust estate under State or Federal law, or otherwise, and not otherwise paid, shall be paid from the 

principal of the Trust. 

2. 

The Successor Trustee, after making the foregoing distribution, shall complete 

the administration of the Trust by: 

(a) allowing the Settlor’s daughter, Pamela M. Long to occupy and live in 

the Settlor’s residence located at 1077 West Highland Road, in the Township of Highland, County 

of Oakland, State of Michigan so long as she wishes and is financially able to maintain the 

residence. 

Pamela M. Long shall be financially responsible for all necessary costs of such

occupancy including, but not limited to, the payment of property taxes, insurance, utilities, 

maintenance and repairs. This right given to the Settlor’s daughter shall terminate upon Pamela M. 

Long moving out, inability to financially maintain the residence, vacating or abandoning the 

residence for thirty (30) consecutive days or longer. Upon the moving out, financial inability, 

vacating or abandoning the residence, the Trustee shall offer to sell the residence to the Settlor’s son, 

Patrick S. Murad, for its fair market value to be agreed upon. 

If Patrick S. Murad does not 

exercise this right to purchase the residence within sixty (60) days of written notice of the offer, the 

Trustee shall then offer to sell the residence to the Seutlor’s other then living children at an agreed 

upon fair market value. 

If none of the Settlor’s other children exercise the right to purchase the 

residence within thirty (30) days after the expiration of Patrick S. Murad’s option, then the Trustee 

may sell the residence on commercially reasonable terms to any purchaser. 

Upon the sale of the 

residence the Trustee shall distribute the net sales proceeds as promptly as possible, in five (5) equal 

shares, distributing one (1) share to each of the Settlor's living children, and to the then living issue 

of a deceased child in equal shares. 

If there are no issue surviving a deceased child then the 

deceased child's share shall be distributed to the Settlor’s children who do survive the Settlor in 

equal shares, or to their then living issue. 

(b) The Settlor may prepare a statement or list or other type of descriptive 

document setting forth the Settlor’s desire as to the distribution of any items of tangible personal 

property which are not otherwise specifically identified and disposed of pursuant to this Trust or the

Settlor's Last Will and Testament. The statement or list will be dated and signed by the Settlor and 

will describe the item and the devisees with reasonable certainty. If the Settlor does prepare such 

alist, it is the Settlor’s intent that such list qualify as a holographic Codicil to the Settlor’s Last Will 

and Testament and the property shall be distributed in accordance with the holographic codicil. 

If 

such list is determined to have no legal effect, it is the Settlor’s desire and the expectation that the 

persons entitled to the personal property described in such list will abide by such Jist. 

(c) The Successor Trustee shall complete the administration of the Trust by 

dividing the remaining principal and accumulated income of the Trust property into five (5) equal 

shares, and distributing one share, as promptly as possible to each of the Settlor’s children, namely 

Peter H. Murad, Paul B. Murad, Pamela M. Long, Patrick S. Murad and Timothy J. Murad, 

if they survive the Settlor. 

If any of the Settlor’s children do not survive the Settlor, and has then 

living issue, the deceased child's share shall be distributed to the child's then living issue. 

If there 

are no issues surviving a deceased child, then the deceased child's share shall be distributed to the 

Settlor's children who do survive the Settlor in equal shares, or to their then living issue. 

ARTICLE I 

With reference to the Trust estate created herein and every part thereof, the Trustee shall 

have the following rights and powers without limitation and in addition to powers conferred by law: 

A. 

The Trustee shall invest, reinvest and maintain invested the principal of the Trust 

estate in such stocks, bonds and other securities and assets as it may determine (including units of

Addendum to the Juliette A. Murad Revocable Living Trust Dated November 17, 2010 

On behalf of the Juliette A. Murad Revocable Living Trust Dated November 17, 2010, as Successor 

Trustee, it is agreed the Settlor’s son in law, Robert L. Long will be allowed to occupy and live in the 

Settlor’s residence located at 1077 West Highland Road, in the Township of Highland, County of 

Oakland, State of Michigan for not more than two (2) years from the date of this addendum. Robert L. 

Long shall be financially responsible for all necessary cost of such occupancy, including but not limited to 

payment of property taxes, insurance, utilities, maintenance, and repairs. 

This right given to the Settlor’s son in law shall be terminated upon Robert L. Long moving out, inability 

to financially maintain the residence, vacating or abandoning the residence for thirty (30) continuous 

days or longer, 

Executed by Successor Trustee 

© 

8 3 AI {ey 

Paul B. Murad 

2-3-2025

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