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Business & farm
I am sorry for your loss.
First tier distributions would be income that is required to be distributed by the terms of the trust. All other distributions are second tier.
You clearly have been given discretion, as trustee, by the terms of the trust to distribute (or not) whatever amounts you determine is in the best interests of the beneficiaries (you and your sister). As a result, the distributions are second tier.
‎April 15, 2022
7:59 PM
521 Views