HomeMy WebLinkAbout2106. ,
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(Al (il• Sxcept as provided in subsections
(fil and (iii) of this section (1~1, a
share so created for a child of the Grantor
shall continue to be held in trust by
the Trustee who shall devote to such child's
health, education (including college and
professional education), and support in
reasonable coanfort as much of the income
or principal, or both, as it deems necessary
or proper during the continuation of such
child's trust, adding excess income, if
any, to principal; provided, however,
that froaa and after the time when such
child shall attain 21 years of age, the
net income of the trust shall be distributed
in anaual:or more frequent intervals to
such child.
(iil When such child reaches the
age of 26 years, or upon the division
of the `Vineyard Family Trust' into shares,
if such child has then reached such age,
the Trustee shall distribute to such child
10~ of the principal of his or her share
then held hereunder; and, when such child
reaches the age of 30 years, or upon the
division of the "Vineyard Family Trust"
into shares, if such child has then reached
such age, the Trustee shall distribute
to such child 33 1/3$ of the principal
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