I'm not saying that the adjustment clause you cite doesn't give you that power. Just that it is very unusual to rely on that alone for regular ordinary distributions. Also we have not seen the whole document. What you quote is a boilerplate provision including in almost all trusts (and even if not included expressly, likely is a power you have under the trust's governing state law -- might not be the law of the state the trustee lives in). If there is a more specific clause describing what to do about regular distributions it would likely take precedence over a generic power to adjust clause. Especially were the "material purpose" of the trust to be favor the remaindermen. IMHO the original drafting attorney should have made this crystal clear. Not doing so is a disservice to the client.
All that being said, if you have legal advice from an attorney who regularly practices trust law in the appropriate state and knows the detailed facts of your case, go with that. Especially if you have friendly remaindermen.
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