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Trust and Estates Newsletters

Distribution Provisions

A very common and valuable provision seen in most family trusts and invariably in dynasty trusts is the spray or sprinkle provision. Where there is more than one beneficiary, this provision allows the trustee to distribute (spray) the income and/or principal among the beneficiaries in varying proportions as the trustee feels appropriate, having in mind their individual needs and circumstances from time to time. In other words, the trustee need not make equal distributions among the beneficiaries, but instead can vary the distributions according to their particular needs, which undoubtedly is exactly what the grantors would do were they alive.

Inheritance in Unusual Circumstances

State statutes of descent and distribution are usually supplemented by other statutes or court rulings governing inheritance in unusual circumstances. This article discusses some of those unusual circumstances.

The Natural Objects of One's Bounty - I

One advantage of making and leaving a will is that you can specify to whom you want your property to go after you die. Whether or not you make and leave a will, it is useful to know the traditional names for the various members of one's family.

The Natural Objects of One's Bounty - II

This article is the second part of a three-part series describing the traditional names for the various members of one's family.

Trust Elements - A Settlor With Intent

A trust has five main elements. First, a settlor transfers some or all of his or her property. Second, the property transferred by the settlor is designated trust property. Third, the trust property designated by the settlor is transferred with the settlor's intent that it be managed by another. Fourth, the trust property designated by the settlor is transferred for management by a trustee. Fifth, the trust property designated by the settlor is managed by a trustee for the benefit of a beneficiary.