This document is the declaration of trust for the Leon D. Black 1997 Revocable Trust. It outlines the terms and conditions under which the trust is to be managed, including definitions, rules of construction, and the responsibilities of trustees. The trust includes provisions for the distribution of tangible personal property, residential property, and other assets upon the death of the settlor, Leon D. Black. It also details the creation of separate trusts for family members and the management of trust assets, including works of art and residential properties. The document specifies the powers and limitations of trustees, including investment powers and the ability to appoint successor trustees. It also includes provisions for the payment of debts and expenses, and the distribution of remaining assets to family members and charitable organizations.
documents/EFTA00609831.pdf
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