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You should consult with a qualified attorney who can review the terms of the trust and advise you as to your options under the terms of the trust.
The terms of the trust bar Thomas from commenting on the C.B.A.
The terms of the trust were revised from time to time, most recently in 1997.
The terms of the trust ought to make the bid impossible.
But Ms Mosse said: "We shall now have to review the prize and look at the terms of the trust.
The duty of the trustee to pay the cestuis que trust, according to the terms of the trust, implies his promise to the latter to do so.
Similar(14)
Mr. Field confirmed that the Goelets planned to place the island in two family trusts but said he would not discuss terms of the trusts or any other aspects of their plans.
Naturally, estate planners began to create trusts that could take advantage of the exemption, and avoid taxes for the term of the trust.
During the term of the trust certificate, it may be called for redemption due to prepayment or default of all debentures constituting the pool.
To do that, you put appreciating assets into a short-term irrevocable trust (two years is typical) and retain the right to receive an annual income stream for the term of the trust.
"Picking the term of the trust is more art than science," says Michael Delgass, a lawyer with Cummings & Lockwood in Stamford, Conn.
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