200305298 - Laserfiche WebLink

Browse

200305298 their consent in writing to the amount, terms and conditions of such loans to the Trustee. Consent of a minor current beneficiary may be given by that beneficiary's parents or duly appointed guardian. 3.2 Purchase of Assets from Estate: The Trustee is authorized to purchase securities or other property, real or personal, from the personal representative of the estate of the Trustor, and of any estate of any beneficiary, and may also make loans or advancements, either secured or unsecured, to such personal representative, even the Trustee may serve as such personal representative. ARTICLE IV Miscellaneous Provisions 4.1 Provisions Against Alienation: Without limiting any beneficiary's right to withdraw, appoint or disclaim trust property, no present or future beneficiary of any trust created hereunder may transfer or encumber his or her interest in the trust. No interest of a present or future beneficiary of any trust shall be subject in any way to the claims of the beneficiary's creditors. 4.2 Children: All references to "children" and "descendants" shall include adopted persons. 4.3 Number and Gender: Unless some other meaning and intent is apparent from the context, the plural shall include the singular, the singular shall include the plural and masculine, feminine and neuter words shall be used interchangeably. 4.4 Successor Trustee: The Trustee shall name her own successor if the successor trustee below named is unable or unwilling to so act, and, if the Trustee fails to name her successor in her Will or by other written instrument, the eldest adult child of the Trustee shall name the successor Trustee in the event of the resignation, death or inability of Trustee to serve. Kestor Powell shall serve as successor trustee in the event of the initial trustee's incapacity to serve. 4.5 Governing Law: Any questions of law regarding the execution of this instrument or its effect shall be determined in accordance with the laws of the State of Washington. 4.6 Severability: If a court of competent jurisdiction rules that any of the provisions hereto are invalid or unenforceable, such provisions shall be disregarded but the remainder of this instrument shall nevertheless be given full force and effect. [G: \LAWTYPE \EL \JWR \ESTATE PLAN NING\ CLIENTS \STOVER \RFALESTATETRUST.DOC] -4- 4