Facility Of Payments For Incapacitated Or Minor Beneficiaries Sample Clauses

Facility Of Payments For Incapacitated Or Minor Beneficiaries. Any distribution to or for the benefit of a person under the age of twenty one years under this Trust may, in the discretion of Trustee, be paid to a custodian for such person under any applicable provision of the Uniform Transfers to Minors Act, in force in any jurisdiction to which the transfer may apply. Any distribution to or for the benefit of a person above the age of eighteen years under this Trust may, in the discretion of Trustee, be paid to a custodian for such person under any applicable provision of the Uniform Custodial Trust Act, in force in any jurisdiction to which the transfer may apply, and Trustee shall not be held responsible for ensuring proper utilization of the distributed funds. Any person or entity appointed as Trustee under this instrument may serve as custodian with respect to any such distribution.
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Related to Facility Of Payments For Incapacitated Or Minor Beneficiaries

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