HomeMy WebLinkAbout0645 manner as the Trustee sriall deem appropriate.
All persons interested in the trust estate shall
~ be forever bounc~ by any action taken by the Trustee in good fait;i
in the exercise of any power, privilege or discretion confer~ed
upon him by law or this instrument. ~
B. During the entire durat~on of the trust estate,
each and every beneficiary of the trusts (other than the Settlor)
shall ~e without power, valuntarily or involuntarily, to sell,
mortgage, pledge, assign, alienate, anticipate, transfer or con-
vey any interest in the trust estate until the same is actually
pafd into his or her hands, and no interest of any beneficiary
in or to the trust estate shall be subject to the claims of
creditors, nor to judgment, execution, attachment, bankruptcy
proceedings or other legal process. -
C. The Trustee is hereby relieved fram the duty to
make any inventory or accounting to any court and any and all
statutory requirer~ents concerning accoun~s by trustees are here-
~ • . ~hat an court of competent juris-
~ by waived, provided, however, Y .
~ diction may, upon the application of any beneficiary~ or some per-
son in his or her behalf , require a for:~al accounting ~by the Trus-
tee. The Trustee shall keep accurate books of account, ha~ever,
of all transactions pertaining to the trust estate shawing all ~
disbursements, charges for his services as Trustee hereunder, ;
. t
receipts af principal and incoms and all investments and changes
of im~estments. The Trusteet not more frequently than Stiarterly,
shall render to such beneficiaries as are then receiving or en-
titled to receive payrr.Ants of net income hereunder, statements
reflecting the then actual condition of the trust estate shaw-
ing all receipts, disbursements of net income and principal and
all changes of investments since the last previous report and
investments then IlPICj as part of the trust estate.
600K~.V~ ~
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