KEY ELEMENTS OF THIS TRUST:
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The Trust funds will be used for the general advancement in life; education; wellbeing and maintenance of the Trust beneficiaries.
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Trustees must audit the Trust annually.
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If any beneficiary dies during the currency of the Trust, that beneficiary's benefit will go to their issue per stirpes (i.e. the heirs of the deceased as determined by Law), or failing such issue upon the remaining heirs.
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The Trustee can apply capital and interest in the Trust fund for the benefit of the beneficiaries.
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If a beneficiary becomes financially distressed (e.g. judgements, sequestrated, etc), the Trustee may use the Trust funds for the benefit of that beneficiary's spouse and/or children, or retain the benefit until a time that the beneficiary is financially stable.
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The Trustee can invest Trust funds; institute legal proceedings on behalf of the Trust; obtain legal opinion; etc.
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The Trustee will not be held liable for loses to the Trust when acting in good faith.
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The Trustee shall not be required to account to the Master of the High Court, etc.
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The Trustee shall be entitled to charge reasonable fees in accordance with the prevailing Laws.
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PLEASE ENSURE YOU READ AND UNDERSTAND THE TERMS OF THE TRUST UPON RECEIVING THE FINAL VERSION FROM iLAWYER
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