Examples of Retirement Benefits in a sentence
It is our intent that all such Deferrable Retirement Benefits be distributed to or held for only individual beneficiaries, within the meaning of the Minimum Distribution Rules.
The administrators, custodians, or other fiduciaries of the respective Deferrable Retirement Benefits shall incur no liability to the trust or to any of its beneficiaries for acting upon the written instruction of the Trustee pursuant to this Section.
Accordingly, we direct that such Deferrable Retirement Benefits may not be used or applied for payment of our debts, taxes, expenses of administration, or other claims against our estates; nor for payment of estate, inheritance, or similar transfer or death taxes due on account of our deaths.
All Deferrable Retirement Benefits held in this Trust or payable to this Trust, or any trust herein, shall be allocated to the trust established in Article IX herein to be held, administered, and distributed as set forth herein.
From and after the surviving settlor’s death, the Trustee shall establish separate trusts for any Deferrable Retirement Benefits payable hereto, and these trusts shall be held for the benefit of the following designated beneficiaries: In equal shares to our children, to be distributed in accordance with the terms of this Article IX.