COM 0742.000 2020-2022 - Laserfiche WebLink

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at portion tai :111:s such estate ta. attributahle to the Senior's possession ola pot\et- Or-arrOintineu the death of the Senior,all of the trust property not • shall be held by the it as-a separite tri1;31, estate (herein referred to as the "Family frust-). Ret:tardless of anythint: to the contrary in this paragraph. the 'Trustee shall not be required, until siN months tier the Senior's death, to implement the terms on trns pinagraph hit respect to the orincipol trust.•,:sate in such a 'XilV as to etiectuate "distribution" oilier disposi ionany of suelt p ncipai to the Family Trust, within the meaning of Section 2032 of the Internal la-Nit-Alit.: Code. The Farnily Trust shall be held, administered and distributed as provided in this paragraph. 7.1. Piip.1)1c:;lli of Income from.FamilyTrust. From the date of the Senior's death until the termination of tins trust, the Trustee shall pay to or for the benefit of the Senior's issue, all of the net income of this Family [rust and shall pay to or for the benefit of:aid issue. such portions or all of the principal of this Trust as the Trustee finds necessary for said henctit..iary's health, education, support or maintenance takinu into utmsidPration any other funds available for such purposes from any other source. 7.2. Fad Terrnipatioh.pf Fpnaily TIptit, Anytime that the value. of the principal of the trust estate is less than lii50.000.00. the Trustee Shall have the power LO !.erilillVt(2 the trust if. in the rustee's sole and absolute discretion, the Trustee deems it atti,..isahlo. to do St ))011 Sue h termination by the rustce. the Trustee shall transiIeir all of the trust proyert any linpnicl income. absolutely and free front any trust. to the cculor. and tlm reTc.cTivc bencticiaries ol then RI.