TRUST A Clause Samples
The "TRUST A" clause establishes the creation and administration of a specific trust, referred to as Trust A, within an estate planning or trust agreement. This clause typically outlines the assets to be transferred into Trust A, the identity of the trustee, and the terms under which the trust will be managed and distributed to beneficiaries. For example, it may specify that certain property or financial accounts are to be held in Trust A for the benefit of a surviving spouse or children, with instructions on how income and principal are to be distributed. The core function of this clause is to ensure that assets are managed and distributed according to the grantor's wishes, providing structure and clarity for the administration of the trust and protecting the interests of the beneficiaries.
TRUST A. 5.1 The Trustee shall, in its sole discretion, pay to Cath▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇ such times as the Trustee determines, all or such part of the net income of Trust A as the Trustee determines to be necessary to support and maintain her in the manner to which she has become accustomed. In making any such decisions, the Trustee shall consider her other income and means of support known to the Trustee, and resolve any doubts in favor of generous and liberal support for her. If all of the net income is not paid to Cath▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇e Trustee may, in its sole discretion, distribute all or any part of such undistributed income to any one or more of the Grantor's issue in such shares as the Trustee determines, or the Trustee may accumulate and add to principal all or any part of such undistributed income.
5.2 If, in the sole opinion of the Trustee, the net income of Trust A is insufficient to support and maintain Cath▇▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇ the manner to which she has become accustomed, considering her other income and means of support known to the Trustee, the Trustee may, in its sole discretion, distribute to her as much of the principal of Trust A as the Trustee determines is necessary for such purposes, provided that the Trustee shall not distribute principal of Trust A to her at any time when principal is available for distribution to her from Trust B under Section 6.2 or Trust C under Sections 7.2 or 7.3 or Trust D under Section 8.1.