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Investors & landlords
Did you post this? https://answers.justia.com/question/2024/03/01/does-this-clause-in-a-irrevocable-trust-1004215
Agree with jtax that you should get legal advice from a local attorney and also agree with the answer given on that web site. The clause gives you VERY broad discretion that is not boilerplate in all trusts.......most limit the trustees' powers to something less than the authority as to what and how much to allocate and to which beneficiaries to make those allocations. If there are no overriding clauses that are more specific then that clause controls......rule of construction is specific clauses take precedence over general clauses.
March 24, 2024
8:35 AM