HomeMy WebLinkAbout1792 attd conclusive on all persons for all purposes.
3. Election To Terminate. If in the judgment of
Trustee the value of the principal held in any trust does not
warrant the continuance of the trust under the circumstances then
existing, Trustee in Trustee's discretion is authorized to
terminate the trust .and to distribute to each beneficiary his
or her share of the Trust Estate. A distribution to a beneficiary
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who is a minor at the time of distribution shall be made to the
custodian for the minor under the Florida Gifts to Minors Act.
If there is none, the custodian shall be appointed by Trustee, and
Trustee may appoint himself as custodian.
- 4. Power to Accept Assets. Trustee is authorized to
accept the assets that are distributed to him by the Personal
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i Representative of Grantor's estate as being in full satisfaction
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of all gifts-given to him under Grantor's Will. Trustee is also
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authorized to accept assets delivered to him by the predecessor
Trustee. In each instance, Trustee is relieved of all duties and
obligations he might have to examine into and satisfy himself as to
€ the accounts of Grantor's Personal Representative and the prede-
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i cessor Trustee. The Trust Estate of a successor Trustee shall i
consist of the assets he receives from the Personal Representative
and the predecessor Trustee: -
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E B. Entire Trust Estate (Except as to the Marital Trust).
1. Unproductive Property. To hold ucnproducti~ve property
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