| | |
Act, or to a custodial trustee under the laws of another | | state, and, for that purpose, creating a custodianship or | | custodial trust; |
|
| | | C.__If the trustee does not know of a conservator, guardian, | | custodian or custodial trustee, paying it to an adult | | relative or other person having legal or physical care or | | custody of the beneficiary, to be expended on the | | beneficiary's behalf; or |
|
| | | D.__Managing it as a separate fund on the beneficiary's | | behalf, subject to the beneficiary's continuing right to | | withdraw the distribution; |
|
| | | 22.__Distribution, division or termination.__On distribution | | of trust property or the division or termination of a trust, make | | distributions in divided or undivided interests, allocate | | particular assets in proportionate or disproportionate shares, | | value the trust property for those purposes and adjust for | | resulting differences in valuation; |
|
| | | 23.__Resolution of dispute.__Resolve a dispute concerning the | | interpretation of the trust or its administration by mediation, | | arbitration or other procedure for alternative dispute | | resolution; |
|
| | | 24.__Prosecute or defend.__Prosecute or defend an action, | | claim or judicial proceeding in any jurisdiction to protect trust | | property and the trustee in the performance of the trustee's | | duties; |
|
| | | 25.__Contracts and other instruments.__Sign and deliver | | contracts and other instruments that are useful to achieve or | | facilitate the exercise of the trustee's powers; and |
|
| | | 26.__Wind up administration and distribute.__On termination of | | the trust, exercise the powers appropriate to wind up the | | administration of the trust and distribute the trust property to | | the persons entitled to it. |
|
| | | §817.__Distribution upon termination |
|
| | | 1.__Proposed distribution.__Upon termination or partial | | termination of a trust, the trustee may send to the beneficiaries | | a proposal for distribution.__The right of any beneficiary to | | object to the proposed distribution terminates if the beneficiary | | does not notify the trustee of an objection within 30 days after | | the proposal was sent but only if the proposal informed the | | beneficiary of the right to object and of the time allowed for | | objection. |
|
|