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.