The uses for our Trusts are many and varied. In addition to regular beneficiaries, Trusts care for beneficiaries that are minor children; disabled, comatose and completely incapacitated and incompetent persons; and those who desire higher educations.
The Trustee(s) of the Trust, in the Trustee’s absolute and sole discretion, may pay any principal or income applicable to the use of a minor to the parent or guardian, to a person having care and control of such minor, or directly to such minor; or the Trustee(s) may apply the same for the minor’s benefit. The funds must always be paid on behalf of the minor to avoid income being declared by the minor, if applicable.
Whenever the Trustee(s) is authorized or directed to make a distribution to a beneficiary who is younger than 21 years of age; is incapacitated; or who is, in Trustee(s) opinion, unable to manage the distribution properly, the Trustee(s) may either make the distribution or retain the amount to be distributed in any manner Trustee may determine advisable, including any of the methods set forth in the following Section. The Trustee(s), before making a distribution to a beneficiary and to the extent that it is both reasonable and possible, must consider the ability in which the beneficiary has demonstrated the management of prior distributions of trust property.
The Trustee(s) may distribute or retain trust property in any one, or more, of the following methods for the benefit of any beneficiary subject to the provisions of the Trust:
- Distribution to Beneficiary
- Distribution to Guardian or Conservator or Family Member
- Distribution to Custodian
- Distribution to Other Persons or Entities
- Distribution to Agent under Durable Power of Attorney
- Retention in Trust