(Download) "In Re Marriage of Rosenblum" by Colorado Court of Appeals " Book PDF Kindle ePub Free
eBook details
- Title: In Re Marriage of Rosenblum
- Author : Colorado Court of Appeals
- Release Date : January 16, 1979
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 55 KB
Description
In 1963, an irrevocable trust was created by the husbands mother as a gift to the beneficiaries, who were and are her son (the husband) and such of his issue as may be living at the time of each distribution. It was funded with $200,000 worth of stock. The husband and his sister were and remain the co-trustees, serving without pay. The trustees are authorized in their absolute discretion to distribute "all, none or any part" of the net income and principal to any of the beneficiaries, to make unequal distributions, or to withhold all income from "one or more or all." However, so long as the husband is a trustee, income or principal may not be distributed to him in excess of that necessary for his "health, education, support or maintenance." The trust instrument further provides that "no beneficiary shall have any right or power to enforce the payment of principal or income to himself or any other person." On the husbands death, the trust assets are to be divided into separate trust, one for each child living and one collectively for the issue of a deceased child, and in no event do these assets go to the husbands estate.
 "In Re Marriage of Rosenblum" by Colorado Court of Appeals " Book PDF Kindle ePub Free){kind=link}