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030-261
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Last modified
7/16/2017 5:10:19 PM
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7/1/2014 11:19:53 AM
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Will_And_Decree
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030-261
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i , <br /> f <br /> ,�. <br /> � <br /> , maintenance, education and support of the beneficiaries, <br /> • 1 the net income from the trust, .at such times and in such ,q <br /> li amounts and proportions;.as the trustee shall determine in � <br /> � his ' absolute discretion,rwithout bein�; held to an,y pro rata <br /> �' or proportionate scheme oP distribution or application of <br /> � _ <br /> � such net income. � <br /> � E. In the event the net income of the trust shall be in- <br /> � I� <br /> �� <br /> I� sufficient to p.rovide, the beneficiaries with adequate me�dical F <br /> �� care, maintenance, education or suoport, the trustee shall � <br /> � !� <br /> have full authorit,y to invade the principal of the trust <br /> �} <br /> i� for this purpose, all in �he absolute discretion of the � <br /> 1 <br /> i� trustee, aga�n without being held to an,y pro rata or � <br /> � ; � <br /> i{ <br /> • ;j proportionate acheme of distribution or anplication of such � <br /> i� � � <br /> �f princioal. � & <br /> ;. _ <br /> � � �, <br /> � F. If the entire net fncome of the trust is not , in the � � <br /> �� <br /> � �udgment of the trustee, :.eeded for the medicaZ care , main- <br /> {� , <br /> � ' <br /> �i tenance, education, or support of the beneficiaries , then ! y <br /> i � <br /> :� such income shall be added to the princinal of the trust. � r <br /> �� w <br /> f . <br /> iiG. At the time m,y ,youngest livir.� chi�d shall attain the � � <br /> �� age of twent,y-one years, the trustee shall terminate the ` � <br /> � � � <br /> ii trust b,y payment and del.iverv to the beneficiaries , in eaual I � <br /> �+ � <br /> !; shares as tenants in common, of the full assets of the trust , i <br /> i; . , <br /> '' both principal and undistributed income, after deduction of i ! <br /> , i' ` <br /> !i all reasonable and necessarv expenses incident to the adminis} <br /> I� j f <br /> (� tration and termination of the trust. � <br /> �, i � <br /> ' H. In the event of the death o�' any beneficarv nrior to � <br /> �; <br /> �� � <br /> i; the termination of the trust, the share of such beneficiar,y f � <br /> ,� , ` <br /> '; 3n the trust assets shall pass as follo.�s : ' � ' <br /> ;i ; i <br /> , <br /> j� 1. If the deceased bFneficiarv shall leave a chj.ld ' �'' <br /> ii <br /> � ; <br /> �; or children surviving�, then the share of the deceased � <br /> f� beneficiar,y shall pass to said survivin� child or to ( I <br /> ii � <br /> +j said survivin� children in equal shares as tenants in � ' <br /> �� common. ! ' <br />. � E . <br /> M , <br /> _3_ 2.6 / i <br />
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