Permissible distributee means a beneficiary who is currently eligible to receive distributions of trust income or principal, whether the distribution is mandatory or discretionary.
Permissible distributee means a beneficiary who is currently eligible to
Permissible distributee means any person who or which on the date of qualification as a beneficiary is eligible to receive current distributions of property of a trust from a trustee, other than as a creditor or purchaser.
Examples of Permissible distributee in a sentence
Effect of Amendment The 2013 amendment added the last sentence in subsection (14), the definition of "Settlor"; added subsection (25), the definition of "Permissible distributee"; added subsection (26), the definition of "Trust investment advisor"; and added subsection (27), the definition of "Trust protector".
More Definitions of Permissible distributee
Permissible distributee means a beneficiary who is currently
Permissible distributee means a beneficiary that is currently entitled to or eligible to receive a distribution from a trust.
Permissible distributee. , means a beneficiary who is
Permissible distributee means a beneficiary who is currently eligible to receive distributions of
Permissible distributee means a beneficiary who is currently eligible to receive distributions of trust income or principal, whether mandatory or discretionary, or who holds a presently exercisable power of appointment over trust property. The term includes a charitable organization only if it is expressly designated to receive distributions under the terms of the charitable trust.
Permissible distributee means a beneficiary who is currently eligible to re- ceive distributions of trust income or princi- pal, whether the distribution is mandatory or discretionary.
Permissible distributee means a trust beneficiary who is