Distribution of Trust Income and Principal. The income or principal of any Trust under this Agreement allocated to [Name of Beneficiary] may be expended for his/her benefit, or may be paid to [Name of Beneficiary]’s natural guardian or custodian, without liability on the part of the Trustee to see the application thereof. Notwithstanding the foregoing portion of this paragraph, no income allocated to [Name of Beneficiary] shall be distributed in a manner that would make the same countable for purposes of determining [Name of Beneficiary]’s eligibility for needs based government programs or benefits, or to [Name of Beneficiary]’s natural guardian, other than for a specific expense incurred for [Name of Beneficiary]’s sole benefit for which the natural guardian must furnish a receipt to the Trustee.
Distribution of Trust Income and Principal. 1. Commencing as of the date of the Settlor's death and during the life of the Settlor's spouse, ^, the Trustee shall pay to or expend for the benefit of the Settlor's said spouse and the Settlor's then living issue, in such equal or unequal shares, so much of the annual net income and/or principal of the FAMILY TRUST, even to the extent of exhausting principal, as the Trustee from time to time determines, in the Trustee's sole and absolute discretion, reasonable and necessary for said beneficiaries' health, support, maintenance, and/or education. In no event, however, may the Trustee distribute income or principal of the Trust to any beneficiary in a manner that would discharge or satisfy the Trustee's legal obligation of support of such beneficiary. The Settlor's primary concern during the life of the Settlor's said spouse is for the Settlor's spouse's health, support, maintenance and/or education, and the Trustee need not consider the interest of other FAMILY TRUST life beneficiaries or the FAMILY TRUST remainder beneficiaries in making distribution of income and/or principal to the Settlor's said spouse from the Trust Estate, even to the extent of exhausting principal. Among the circumstances and factors which the Trustee shall consider in determining whether to make discretionary distributions of principal to the Settlor's said spouse are the other income and assets known to the Trustee to be available to the Settlor's said spouse and the advisability of supplementing such income or assets. To the extent possible, the Trustee shall first make any such discretionary distributions of principal for the benefit of the Settlor's said spouse from the MARITAL TRUST in accordance with Section 1.5 of this Trust Agreement to the extent deemed appropriate by the Trustee, prior to considering any such discretionary distributions of principal from the FAMILY TRUST. The Trustee shall have no duty to equalize any unequal distributions or to take into account differences in benefits previously received by any beneficiary of this FAMILY TRUST in making subsequent distributions therefrom. Any income not expended hereunder may be accumulated and periodically added to principal.
Distribution of Trust Income and Principal. 1. Commencing as of the date of the Settlor's death and during the life of the Settlor's spouse, ^, the Trustee shall pay to, or expend for the benefit of the Settlor's said spouse, the entire net income of the MARITAL TRUST in convenient installments which shall be at least as frequent as quarter-annually. The Trustee may pay to, or expend for the benefit of, the Settlor's said spouse, so much of the principal of the MARITAL TRUST as the Trustee, from time to time determines, in the Trustee's sole and absolute discretion, reasonable and necessary for said spouse's comfort and welfare, including occasional luxuries.
Distribution of Trust Income and Principal. The income or principal of any Trust under this Agreement allocated to [Name of Beneficiary] may be expended for his/her benefit, or may be paid to [Name of Beneficiary]’s natural guardian or custodian, without liability on the part of the Trustee to see the application thereof. Notwithstanding the foregoing portion of this paragraph, no income allocated to [Name of Beneficiary] shall be distributed in a manner that would make the same countable for purposes of determining [Name of Beneficiary]’s eligibility for needs based government programs or benefits, or to [Name of Beneficiary]’s natural guardian, other than for a specific expense incurred for [Name of Beneficiary]’s sole benefit for which the natural guardian must furnish a receipt to the Trustee. Administration in Cooperation with CoTrustee (optional) As between the Trustees, ACHIEVA Family Trust, corporate trustee, shall perform all ministerial and administrative duties including the keeping of books and records, acting as custodian of the trust and property and preparing all necessary tax returns. , individual trustee, is authorized to delegate from time to time to the corporate trustee by an instrument in writing, any or all of her duties, rights and powers hereunder. Any and all reference to “trustees” shall be deemed to include both the singular and the plural.
