Everything in a trust agreement is equally important. So if you want to get the best template, be sure to look for the following basic ingredients: Trustor/seller/grantor (the person who is setting up the trust) Specific objective of the trust Type of trust Trust property Beneficiary or list of beneficiaries Trustee (the person in charge of the trust) Rules followed in a trust agreement (trust receipt, partnership, revocation, termination, deed)