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massachusetts-irrevocable-living-trust.pdf
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📊 Size: 395 KB
👤 Author: Jen
⬇️ Downloads: 89

Summary

The trust is irrevocable, and the Grantor cannot revoke or amend it. The Trustee has discretion to pay the Grantor or on their behalf from the trust income, and to accumulate and add any remaining income to the principal. Upon the Grantor's death, the Trustee will distribute the principal and undistributed income equally among the beneficiaries. The Trustee also has authority to pay death taxes, administration expenses, and other obligations, and to use the trust assets to purchase investments, make loans, and retain property. The Trustee has broad powers to manage the trust, including collecting income, investing, selling, and borrowing.

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Description

The trust is irrevocable, and the Grantor cannot revoke or amend it.

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  • File Format: PDF
  • File Size: 395 KB
  • Pages: 8
  • Language: EN
  • Author: Jen
  • Total Downloads: 89
  • Last Updated: 4 hours ago

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