Will Clause re Trustee's Power to Make Joint Election
This free Will Clause gives the Trustee the power to act on joint election on behalf of any minor beneficiary with a parent or guardian of the minor. You can download the digital file or simply copy the text below and paste it into your Will template.
(My Trustee shall have the power)
(#). For the purpose of designation by joint election with any preferred beneficiary during minority as to the part of accumulation income of my estate to be included in computing such beneficiary's income, TO ACT UPON any joint election with any Parent or Guardian of that beneficiary without consequential liability to any beneficiaries of my estate. Further, following any joint election with any beneficiary regarding the part of accumulation income of my estate to be included in computing such beneficiary's income, TO PAY ANY TAXES wheresoever leviable in respect of the same. Any payment so made shall be charged either against the expectant presumptive or vested share of such beneficiary in the capital and income (or either) of my estate or generally against the capital or income (or either) thereof that has not previously vested in possession so that any resultant loss falls proportionately on all interests therein as is fitting in the circumstances.
Download: Will Clause re Trustee's Power to Make Joint Election
Available from: MegaDox.com
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