UNDISTRIBUTED INCOME. Income accrued or undistributed at the termination of a beneficiary’s interest in a trust shall be added to and become part of the principal of that trust, and the rights of the beneficiary to that income shall terminate.
Appears in 6 contracts
Sources: Irrevocable Living Trust Agreement, Irrevocable Living Trust Agreement, Irrevocable Living Trust Agreement
UNDISTRIBUTED INCOME. Income accrued or undistributed at the termination of a beneficiary’s Beneficiary's interest in a trust shall be added to and become part of the principal of that the trust, and the rights of the beneficiary to that income shall terminate.
Appears in 1 contract
Sources: Irrevocable Trust Agreement