HomeMy WebLinkAbout1791 and on such terms without limit as to time as Trustee may deem
advisable and no purchaser or lender shall be held liable to see
to the propriety of the transaction nor to the application of
the proceeds.
2. -Tax Elections. If the Personal Representative of
Grantor's estate fails to exercise any one or more of the following
tax elections; Trustee may elect:
(a) Any one or all income and estate tax elections '
that affect Grantor's probate estate, whenever the law permits such
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an election;
(b) To file either separate or joint income tax
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c returns:
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~ (c) In the distribution of the Trust Estate, to
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3 make distributions (including the satisfaction of any pecuniary
s gift) in cash or in property, real or personal, or in undivided
interests thereof, or partly in cash and partly in said property,
and to make said distributions without regard to the income tax
consequence to any beneficiary.
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wo
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Trustee shall have sole discretion, but shall not be required,
to make a compensating distribution to any beneficiary for the
adverse economic consequence of any of the aforesaid decis'ons or
elections that Trustee may believe to have~the result of p eferring ~
one beneficiary over another or others. Trustee's exercise of any
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power or discretion under any of the foregoing shall be binding
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