Manner of Distributions. The Trustee, in its sole discretion, subject to its fiduciary duty to protect a Beneficiary’s government or private benefits, may make any payment under the Trust (a) directly to a Beneficiary, (b) in any form allowed by law, (c) to any person deemed suitable by Trustee, or (d) by direct payment of a Beneficiary’s expenses. The Trustee shall not knowingly make payments directly to a Beneficiary or to any other persons (whether corporate or individual) where such payment(s) would render a Beneficiary ineligible for any government benefit or any private benefit to which a Beneficiary would otherwise be entitled. The Trustee may, however, make expenditures for the in-kind support and maintenance of a Beneficiary even if such expenditures would result in a reduction of a Beneficiary’s government and/or private benefits as long as such expenditures do not result in the disqualification of a Beneficiary from such government and/or private benefits.
Appears in 1 contract
Sources: Trust Agreement
Manner of Distributions. The Trustee, in its sole discretion, subject to its fiduciary duty to protect a Beneficiary’s government or private benefits, may make any payment under the Trust (a) directly to a Beneficiary, (b) in any form allowed by law, (c) to any person deemed suitable by Trustee, or (d) by direct payment of a Beneficiary’s expenses. The Trustee shall not knowingly make payments directly to a Beneficiary beneficiary or to any other persons (whether corporate or individual) where such payment(s) would render a Beneficiary ineligible for any government benefit or any private benefit to which a Beneficiary would otherwise be entitled. The Trustee may, however, make expenditures for the in-kind support and maintenance of a Beneficiary even if such expenditures would result in a reduction of a Beneficiary’s government and/or private benefits as long as such expenditures do not result in the disqualification of a Beneficiary from such government and/or private benefits.
Appears in 1 contract
Sources: Trust Agreement