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025-178
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7/16/2017 8:31:52 PM
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7/10/2014 10:16:03 AM
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Will_And_Decree
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025-178
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(c) The trustee shall either� pay part or all <br /> of the net income from each trust to or for the bene- <br /> ficiary thereof, at such times as the trustee wishes, <br /> or shall accumulate part or all of said income, which- <br /> ever the t rustee in its sole and absolute discretion <br /> � believes is for the best interests of the beneficiary. <br /> (d) The trustee may pay any part or all of the <br /> principal of each trust to or for the beneficiary <br /> thereof, at such times as ttie trustee wishes, but <br /> such payments of principal shall be made only if the <br /> trustee, in its sole and absolute discretion, believes <br /> it is necessary or desirabl�e to do so in order to <br /> properly provide for the support, health, education <br /> or welfare of the beneficiary. <br /> (e) The fact that the trustee makes a payment <br /> of interest or principal to or for the beneficiary of <br /> one trust shall not in any way obligate the trustee <br /> to make a like payment to any other beneficiary from <br /> any other trust. <br /> (f) When a beneficiary becomes 21 years of age, <br /> the trustee shall assign, transfer and pay over to the <br /> beneficiary all of the principal and undistributed in- <br /> come of that beneficiary's trust, and that trust shall <br /> then terminate. <br /> (g) If the beneficiary of a trust dies before <br /> receiving all of the principal and income of his trust, <br /> his brothers and sisters then living shall become equal <br /> beneficiaries thereof. The shares of those who are <br /> then 21 years of aqe or more shall be assigned, trans- <br /> ferred and paid over to them free of any trust, and the <br /> shares of those urho are then under 21 years of aqe shall <br /> be added to and become a part of their trusts. If the <br /> deceased beneficiary has no brothers or sisters then <br /> living, the pzincipal and income of his trust shall be <br /> assigned, transferred and paid over to my other daugh- <br /> ter, or if she is not then living, equally to her chil- <br /> dren, outright to those who �re 21 years of age or more <br /> and in trust foz those who are not then 21 years of <br /> , age. <br /> (h) Any payment to be made by the trustee to a <br /> beneficiary may be made direct to the beneficiary even <br /> thouqh he is a minor, or to the natural or legal guard- <br /> ian of the beneficiary, or to whomever has the care, <br /> custody and control of the beneficiary, or may be ap- <br /> plied by the trustee foz the use and benefit of the <br /> beneficiary, whichever the trustee prefers. � <br /> (i) The trustee may loan money belonging to any <br /> trust to any person, partnership, corporation, estate <br /> or trust. The trustee may compromise and settle claims <br /> in favor of or against a trust, upon such terms and <br /> conciitions as it believes to be for the best interests <br /> of the beneficiary of the trust. The trustee, in di- <br /> vidinq the trust property into separate trusts, may <br /> allot undivided intereets to each trust. The trustee <br /> may malce joint investments and hold assets of any trust <br /> as part of a common fund. <br /> . <br /> 1 <br /> � <br /> -2- . <br /> _ <br /> �� �� <br /> . : <br /> . _ . . _ . s . <br /> __... <br />„�.. ----------- ___ - ,�� ., .. <br />
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