(1) Expressly declares that the trust is a Tennessee community property trust;
(2) Has at least one (1) trustee who is a qualified trustee whose powers include, or are limited to, maintaining records for the trust on an exclusive or a nonexclusive basis and preparing or arranging for the preparation of, on an exclusive or a nonexclusive basis, any income tax returns that must be filed by the trust. Both spouses or either spouse may be a trustee;
(3) Is signed by both spouses; and
(4) Contains the following language in capital letters at the beginning of the trust: