l receive all trust income during her lifetime. The Trustees must distribute trust principal for her health, education, support and maintenance and the Independent Trustees may distribute principal to Judy for any purpose. Upon Judy's death, the remaining principal will be distributed to her descendants, or if none, eq

s of Treasury Regulation §25.2702-3) are hereby incorporated by reference. (B) In furtherance of the Grantor's intentions, the Grantor authorizes the Independent Trustees (as defined in Clause SEVENTH), by majority action, to amend this Agreement at any time and from time to time by written instrument, but only for t

art" shall mean paintings, drawings. pictures. and sculptures, including archaic Chinese bronzes and Chinese terra cotta figures. The decision of the Independent Trustees as to whether any particular item of tangible personal property is a work of art shall be binding and conclusive upon all persons who may in any wa

ACK ("JUDY"), (iv) the Grantor's mother SHIRLEY BLACK ("SHIRLEY"), and (v) Qualified Charitable Organizations (as defined in Clause THIRTEENTH), as the Independent Trustees, in their sole, absolute and uncontrolled discretion deem advisable, at any time and from time to time. It is the Grantor's intent to permit the In

ve plenty On Thu, Apr 18, 2013 at 12:13 PM, Ada Clapp < > wrote: dang email sent while I was still typing--I was about to type: We would rely on the Independent Trustees to oversee the fairness of the transaction (to counter deemed gift issues). If the borrowing by BFP were part of a plan to redeem them out as parter

me so much of the net income remaining after the Trustees' Distribution Obligation and the principal of the Trust in such proportions and amounts as the Independent Trustees, in their sole discretion, shall determine. 9. DEBRA is LEON's spouse, and BENJAMIN, JOSHUA, ALEXANDER and VICTORIA are LEON's children. 10. LE

s of Treasury Regulation §25.2702-3) arc hereby incorporated by reference. (B) In furtherance of the Grantor's intentions, the Grantor authorizes the Independent Trustees (as defined in Clause SEVENTH), by majority action, to amend this Agreement at any time and from time to time by written instrument, but only for t

me so much of the net income remaining after the Trustees' Distribution Obligation and the principal of the Trust in such proportions and amounts as the Independent Trustees, in their sole discretion, shall determine. 9. DEBRA is LEON's spouse, and BENJAMIN, JOSHUA, ALEXANDER and VICTORIA are LEON's children. 10. LE