SPRINKLING TRUST FOR ISSUE Sample Clauses

A Sprinkling Trust for Issue is a trust arrangement that allows the trustee to distribute income or principal among a group of beneficiaries, typically the descendants (issue) of the settlor, at the trustee’s discretion. The trustee can decide how much each beneficiary receives and when, rather than following a fixed formula or equal shares. This flexibility enables the trustee to respond to the varying needs or circumstances of each beneficiary, ensuring that the trust assets are allocated in a way that best supports the beneficiaries and addresses unforeseen situations.
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SPRINKLING TRUST FOR ISSUE. Each share or portion of the Trust estate, or of the Trust property of any other Trust created by this Trust instrument, that is allocated to a Sprinkling Trust for Issue for the benefit of the beneficiaries when any beneficiary is under the age of twenty-one (21) years shall be held, administered, and distributed by the Trustee as a separate Trust, as follows:
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