Unitrust definition

Unitrust means a trust for which net income is a unitrust amount. The term includes an express unitrust.

Unitrust means a trust, the terms of which require or permit distribution of a unitrust amount, without regard to whether the trust has been converted to a unitrust in accordance with this section or whether the trust is established by express terms of the governing instrument.

Unitrust means a trust for which net income is a unitrust

Examples of Unitrust in a sentence

• Frink and Denise Frink Charitable Remainder Unitrust and the Albert A.

• Replace paragraph 2, Payment of Unitrust Amount, of the sample trust with the following paragraph: Payment of Unitrust Amount.

• Unitrust amount" means an amount equal to a percentage of a unitrust's assets that may or are required to be distributed to one or more beneficiaries annually in accordance with the terms of the unitrust.

• Replace paragraph 3, Proration of Unitrust Amount, of the sample trust with the following paragraph: Proration of Unitrust Amount.

• All sales of donated or bequeathed real estate located outside the Ann Arbor, Dearborn, or Flint campus areas regardless of the sales price; real estate that funds a Unitrust for any amount or location; and bequeathed or devised real property requiring action by an estate executor, personal representative or a trustee may be approved and authorized by the executive vice president and chief financial officer.

More Definitions of Unitrust

Unitrust means a trust the terms of which require distribution of a unitrust amount.

Unitrust means a trust, the terms of which require or permit distribution of a unitrust

Unitrust means a trust the terms of which

Unitrust. THE XXXXXXX X. XXXXX AND XX XXXXX 1988 CHARITABLE UNITRUST By /s/ Xxxxxxx Xxxxx Xxxxxxx Xxxxx, Trustee By /s/ Xx Xxxxx Xx Xxxxx, Trustee “NOMINEE” MCELMO DOME NOMINEE, LLC, an Oklahoma limited liability company By /s/ Xxxxxxx Xxxxx Xxxxxxx Xxxxx, Member By: XXXXXXXXX FAMILY L.L.C., Member By /s/ Xxxxx Xxxxxxxxx Xxxxx Xxxxxxxxx, Manager

Unitrust means a trust, the terms of which require or permit distribution of a unitrust amount, without regard to whether the trust has been converted to a unitrust in

Unitrust means both a trust converted into a unitrust under Section 2 of this Act and a trust initially established as a unitrust. Unless inconsistent with the terms of the trust or will, paragraphs (f), (g), (h), (i), and (m) of subsection (3) of Section 2 of this Act apply to the unitrust initially so established.

Unitrust means both a trust converted into a unitrust KRS 386.454 and a trust initially established as a unitrust. Unless inconsistent with the terms of the trust or will, KRS 386.454(2)[(3)](f), (g), (h), (i), and (m) apply to the unitrust initially so established.