Common use of DISTRIBUTION OF INCOME AND PRINCIPAL Clause in Contracts

DISTRIBUTION OF INCOME AND PRINCIPAL. In providing for the establishment of this trust for the benefit of [Name of Beneficiary], I am aware of the special circumstances and disabilities affecting [Name of Beneficiary] which may cause or will cause him/her to be eligible for various local, state and federal benefits and entitlements, as well as possible assistance provided by various private agencies and organizations. The primary purpose of this trust is to assure that [name of Beneficiary] achieves his/her maximum potential and leads as full, independent and normal a life as possible. To that end, it is my wish that the Trustee view themselves not only as trustee in the traditional sense, but also as protector, guardian and advocate for [Name of Beneficiary]. Correspondingly, the trustee shall expend the income and the principal of the trust in ways that best further these goals, and in accordance with the provisions set forth in the following Articles.

DISTRIBUTION OF INCOME AND PRINCIPAL. In providing for the establishment of this trust for the benefit of [Name of Beneficiary], I am aware of the special circumstances and disabilities affecting [Name of Beneficiary] which may cause or will cause him/her to be eligible for various local, state and federal benefits and entitlements, as well as possible assistance provided by various private agencies and organizations. The primary purpose of this trust is to assure that [name Name of Beneficiary] achieves his/her maximum potential and leads as full, independent and normal a life as possible. To that end, it is my wish that the Trustee view themselves not only as trustee in the traditional sense, but also as protector, guardian and advocate for [Name of Beneficiary]. Correspondingly, the trustee shall expend the income and the principal of the trust in ways that best further these goals, and in accordance with the provisions set forth in the following Articles.