Permissible Use of Trust Funds. Upon the death of the Grantor, the Trustee may in its discretion purchase property from the Grantor's estate, make loans to the Grantor's estate, and guarantee the obligations of the Grantor's estate and pledge trust property as security therefor upon whatever terms and in whatever manner and with whatever security the Trustee considers advisable. This provision shall not give either the Grantor or the Grantor's estate any right or authority over trust property.
Appears in 4 contracts
Samples: Trust Agreement (Van Every Salem Lance), Intangible Tax Trust Agreement (Van Every Nan Davis), Trust Agreement (Van Every Nan Davis)
