The document outlines the responsibilities and discretionary powers of Trustees in managing a trust. It specifies that Trustees are discharged from liability upon payment and can apply income or principal for the use of beneficiaries. Trustees are not required to consider other resources available to beneficiaries when exercising discretion. The primary purpose of the trust is to benefit income beneficiaries rather than preserving the principal for remaindermen.
documents/vol00010-efta01369272-pdf.pdf
{"key_people":["Grantor"],"document_type":"legal","document_subtype":"trust agreement","reference_numbers":["4443141","DB-SDNY-0061446","SDNY_GM_00207630","EFTA01369272"]}