Common use of Additions to Income and Principal Clause in Contracts

Additions to Income and Principal. With the Trustees’ consent, any person may, at any time, from time to time, by Court order, assignment, gift, transfer, Deed or Will, provide income or add to the principal of the Trust created herein, and any property so added shall be held, administered and distributed under the terms of this Trust. The Trustees shall execute documents necessary to accept additional contributions to the Trust and shall designate the additions on an amended Schedule A of this Trust. At the end of a calendar year, the Trustees shall designate any accumulated income as principal, and so designate this addition on an amended Schedule A.

Appears in 2 contracts

Samples: Exception Trust, Trust

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Additions to Income and Principal. With the Trustees’ Trustee’s consent, any person person, may, at any time, from time to time, by Court order, assignment, gift, transfer, Deed Deeds or Will, provide income or add to the principal of the Trust created herein, and any property so added shall be held, administered and distributed under the terms of this Trust. The Trustees Trustee shall execute documents necessary to accept additional contributions to the Trust property and shall designate the indicate such additions on an amended Schedule A of this Trust. At the end of a calendar year, the Trustees Trustee shall designate any accumulated income as principal, and so designate this addition on an amended Schedule A.A of this Trust.

Appears in 1 contract

Samples: Beneficiary 2010 Special Needs Trust

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Additions to Income and Principal. With the Trustees’ Trustee’s consent, any person may, at any time, from time to time, by Court order, assignment, gift, transfer, Deed or Will, provide income or add to the principal of the Trust created herein, and any property so added shall be held, administered and distributed under the terms of this Trust. The Trustees Trustee shall execute documents necessary to accept additional contributions to the Trust and shall designate the additions on an amended Schedule A of this Trust. At the end of a calendar year, the Trustees Trustee shall designate any accumulated income as principal, and so designate this addition on an amended Schedule A.schedule of infusions.

Appears in 1 contract

Samples: accessiblelaw.org

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