TRUSTEE AS BENEFICIARY. A trustee who is also a beneficiary of the trust may exercise powers to make: (1) Discretionary distributions of either principal or income to or for the benefit of the trustee; (2) Discretionary allocations of receipts or expenses as between principal and income; or (3) Discretionary distributions of either principal or income to satisfy a legal obligation of the trustee.
Appears in 12 contracts
Samples: Revocable Living Trust Agreement, Revocable Living Trust Agreement, Revocable Living Trust Agreement
TRUSTEE AS BENEFICIARY. A trustee who is also a beneficiary of the trust may exercise powers to make:
(1) Discretionary distributions of either principal or income to or for the benefit of the trustee;
(2) Discretionary allocations of receipts or expenses as between principal and income; orincome;or
(3) Discretionary distributions of either principal or income to satisfy a legal obligation of the trustee.
Appears in 4 contracts
Samples: Revocable Living Trust Agreement, Revocable Living Trust Agreement, Revocable Living Trust Agreement
