Loading...
HomeMy WebLinkAbout2487 ~ , ' . ~ i ~ hereunder sha11 not be substantially increased without its consent. The Grantor also reserves to himself the right to free . all c?r any policies of insurance from the terms of this trust at any time during his lifetime; provided, however, that the completion of any change of beneficiary on any particular policy shall, without more, have the effect of revoking Chis Agreement in respect of said policy and shaZl thereby release the Trustee from all responsibility in connection therewith. B. Provided there are assets in the trust other than life insurance contracts, beneficiary designations under employee benefit plans, or cash of a nominal amount, then, notwithstanding the fact that this Trust Agreement is revocable by the Grantor, it is agreed that, as a condition precedent to revocation, the Grantor shall give to the Trustee, in writing, signed by him and properly acknowledged and witnessed, a thirty (30) day notice of ~ revocation, which, however, shall not become effective as a ~ revocation of this Trust Agreement or the trusts herein created ~ unless the Grantor shall survive the expiration time stated in said notice; likewise the power of withdrawal of any part or all of the trusr property nay be exercised only after thirty (30) days notice and under like conditions. i C. The withdrawal of principal from the trust estate ~ , i by the Trustee for the use and benefit of the beneficiaries, as provided may be done, shall not be deemed to be a revocation of the trust or as affecting its revocability, but rather as an administrative act and shall not require the thirty (30) days' notice above referred to. _ 2 5_ 6001( 67~ PACE ~407 _ ~ ~ . . ' . ' . ~