Common use of TERMINATION AND DISTRIBUTION OF INDIVIDUAL TRUSTS Clause in Contracts

TERMINATION AND DISTRIBUTION OF INDIVIDUAL TRUSTS. The individual trust shall terminate when the child reaches the age of 21 years or on the death of the child, whichever occurs first.

Appears in 5 contracts

Samples: Revocable Living Trust Agreement, Revocable Living Trust Agreement, Revocable Living Trust Agreement

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TERMINATION AND DISTRIBUTION OF INDIVIDUAL TRUSTS. The individual trust shall terminate when the child reaches the age of 21 years or on and the death individual trust assets shall be distributed outright to the beneficiary of the child, whichever occurs firsttrust.

Appears in 2 contracts

Samples: Revocable Living Trust Agreement, Revocable Living Trust Agreement

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