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HomeMy WebLinkAbout0981 r ~ . ~ . ~ ~ r • ' ~ ~ _ • . . ~ ~ , ' ~ , ~ - ~ . • ~ ~ ~ render an accounting for such trust from time to time but not less freque~tly than once each year. Accountings shall be made by delivering a written accounting to eac1~ benefi- ciary entitled to a current income distribution or a right to withdraw pri~cipal. If any person enti~led to receive an accounting is a minor or is under a disability, the account- ing shall be delivered to his parents,or the guardian of his estate, if he is a mi~or, or to the conservator of his estate if he is under any other disability. Unless any beneficiary, including parents, guardians, or co~servators of be~eficiar- ies, shall deliver a written objection to the Trustee withi~ sixty (60) days after receipt of the Trustee•s account, the account shall be final and conclusive in respect to transac- tions disclosed in the accounts ko all beneficiaries of the trust, including unt~orn and unascertained beneficiaries. After settlement of the account by agreement of the parties objecting .to it, or by expiration of the sixty-day period, the Trustee shall no longeC be liable to any beneficiary of ~ the trust, including unborn and unascertained beneficiaries, in respect to transactions disclosed in the account, except j for the Trustee's intentional wrongdoing or fraud. ~ ~ { I. Trustee's Com ensation. The Trustee shall be e~titled to reasona e compensation for services performed ¢ hereundee. r ~ ~ ARTICLE VI ~ GENER~L PROVISIONS ~ A. Authority to Pay Death Taxes. Except as otherwise specifically provided in this instrument, or in the Will of either Trustor, federal estate taxes imposed on or by reason of the inclusion of any portion of the trust estate in the gross taxable estate of either Trustor under the provisi~ons of any federal tax law ehall be paid by the Trustee and • charged to, prorated among, or recovered from the trust estate or the persons entitled to the benefits under these trusts as a~d to the extent provided by any applicable tax law or any proration statute. Except whexe otherwise specif- ically provided, stat~ death taxes, if any, shall be paid and charged to the trust estate or deducted and collected as pro- vided by law. B. Revised Uniform Frincipa~ and Income Act to Govern. Except as otherwise specifically provided in this instrument, the determination of all matters with respect to what is principal and income of the trust estate and the apportfon- ment and allocation of receipts and expenses between tbese ; accounts shall be governed by the provisions of the : ~14- ~ ~ ' HINCHY. WITT=. WOOD. ANDLItSON d HODGEs gK0 5 2 9 P~0 916 - ~ _ ~ . . _ . . _ _ , ~