__ Read the entire Pure Contract Trust document several times to become thoroughly familiarwith its content. Study this entire manual thoroughly. Then review the reports of the Pure TrustPackage.__ Appoint a Certificate Holder.
• Who do you choose? A trusted friend or family
member who will speak or act for you if youcannot speak or act for yourself. He or she is the protector of the Trust, much like an executor of a will, and should be someone who can be trusted to fulfill the instructions left in the Minutesregarding the Trust estate and affairs.
• As soon as possible, write a letter of instructions to the Certificate Holder. It could be comparedto writing instructions to the executor of your estate. Write it like you are going to leave this
world as soon as you sign the letter.
• Write the Certificate Holder’s name on the Certificate in pencil. This is to give you maximum
flexibility to appoint a new Certificate Holder, should this become necessary. Also write theCertificate Holder’s name in pencil on page 2 of the Minutes on the line just before the words"100 Units."
• The Certificate Holder can also be a second trust. (In other words, the second trust can be a
Certificate Holder of the first trust. Rather than an individual, the Certificate Holder is anothertrust.) Either the Certificate Holder or Managing Director of the second trust would then performthe function of Certificate Holder for the first trust.__ Name the Successor Managing Director(s).
• A Successor Managing Director needs to be named in the Minute
s for the Certificate Holder toappoint in the event of the demise of the current Managing Director(s).
• If there is more than one Managing Director named in the Minutes and in the event of the
demise of one of the Managing Directors, the Trust will continue on without interruption by theother Managing Director(s). However, in the event of simultaneous passing of all ManagingDirectors, the Successor Managing Director(s) would take over.
• Think of the trust as a horse and you, the Managing Director, as i
ts rider. If a rider of a horsedies, you don’t kill the horse, you don’t give it a new name, you don’t change its director, you
don’t change ownership… you just get another rider. So who do you want to ride the horse? Who
do you want to take over if something happened to you today?
• If you died today, and you had a chance to look over your shoulder, what do you need to tellthe new rider? Who is left behind? Are they mature enough, do they know enough, and if you
named them as Successor Managing Director, could they do the job?
• For your children to be named Successor Managing Director, they need to be over 18 years old
and mature enough to handle the affairs of the Trust. If necessary, select someone else you trust