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NAMED FORM FOR STANDBY TRUST AGREEMENT New Mexico Environment Department as BeneficiaryInstructions: This Standby Trust Agreement form is to be used by private entities who own or operate a facility
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What is Instructions:This Standby Trust Agreement is to be used by private entities who own or operate a facility and who choose the option of using a Surety Bond, Irrevocable Standby Letter of Credit, or Risk Management Pool to provide Form?

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A standby trust agreement is a legal document that specifies how someone's assets will be managed if they become incapacitated or pass away.
The person creating the trust, also known as the grantor, is required to file the standby trust agreement.
The standby trust agreement must be filled out with the grantor's personal information, details of the trust assets, the trustee's responsibilities, and any specific instructions for handling the assets.
The purpose of a standby trust agreement is to ensure that the grantor's assets are managed according to their wishes in case of incapacity or death.
The standby trust agreement must include details of the trust assets, the appointed trustee, instructions for managing the assets, and any beneficiaries.
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